Yelp Inc. (NYSE:YELP)‘s stock had its “neutral” rating reissued by research analysts at Susquehanna Bancshares Inc in a research note issued to investors on Friday, May 12th. They currently have a $22.00 price objective on the local business review company’s stock, down from their prior price objective of $35.00. Susquehanna Bancshares Inc’s price target suggests a potential downside of 27.03% from the stock’s current price.
Several other analysts have also recently issued reports on YELP. B. Riley restated a “neutral” rating and set a $36.00 price objective on shares of Yelp in a research note on Friday, February 10th. Axiom Securities dropped their price target on Yelp from $47.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, February 10th. Mizuho dropped their price target on Yelp from $45.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, February 10th. Stifel Nicolaus dropped their price target on Yelp from $42.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, February 10th. Finally, Robert W. Baird decreased their price objective on Yelp from $40.00 to $26.00 and set a “neutral” rating for the company in a report on Wednesday, May 10th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and sixteen have assigned a buy rating to the stock. Yelp has a consensus rating of “Hold” and an average target price of $35.42.
Yelp (NYSE:YELP) traded down 1.57% during mid-day trading on Friday, hitting $30.15. The company had a trading volume of 7,210,961 shares. The company has a market capitalization of $2.43 billion, a P/E ratio of 407.43 and a beta of 1.66. Yelp has a 52-week low of $26.35 and a 52-week high of $43.41. The company has a 50-day moving average price of $30.47 and a 200 day moving average price of $34.89.
Yelp (NYSE:YELP) last released its quarterly earnings results on Tuesday, May 9th. The local business review company reported ($0.06) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.02. Yelp had a return on equity of 0.77% and a net margin of 0.80%. The business had revenue of $197.32 million for the quarter, compared to analysts’ expectations of $198.51 million. During the same quarter in the previous year, the firm posted $0.08 earnings per share. The company’s revenue was up 24.4% compared to the same quarter last year. On average, analysts forecast that Yelp will post ($0.08) EPS for the current fiscal year.
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In other news, Director Geoffrey L. Donaker sold 4,000 shares of the business’s stock in a transaction on Tuesday, March 28th. The shares were sold at an average price of $32.34, for a total value of $129,360.00. Following the completion of the transaction, the director now owns 9,590 shares of the company’s stock, valued at approximately $310,140.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Charles Baker sold 12,176 shares of the business’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $28.23, for a total transaction of $343,728.48. Following the completion of the transaction, the chief financial officer now directly owns 116,862 shares of the company’s stock, valued at approximately $3,299,014.26. The disclosure for this sale can be found here. In the last three months, insiders sold 71,121 shares of company stock valued at $2,225,146. 11.08% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in the stock. FNY Partners Fund LP raised its position in shares of Yelp by 18,650.0% in the first quarter. FNY Partners Fund LP now owns 3,750 shares of the local business review company’s stock valued at $122,000 after buying an additional 3,730 shares during the period. US Bancorp DE raised its position in shares of Yelp by 3,181.0% in the third quarter. US Bancorp DE now owns 3,970 shares of the local business review company’s stock valued at $165,000 after buying an additional 3,849 shares during the period. Neuburgh Advisers LLC purchased a new position in shares of Yelp during the first quarter valued at about $133,000. TLP Group LLC purchased a new position in shares of Yelp during the third quarter valued at about $187,000. Finally, Independent Portfolio Consultants Inc. bought a new stake in Yelp during the first quarter valued at approximately $159,000. 90.75% of the stock is owned by institutional investors.
Yelp Inc (Yelp) connects people with local businesses by bringing ‘word of mouth’ online and providing a platform for businesses and consumers to engage and transact. The Company offers local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences with other consumers by posting reviews, tips, photos and videos, and to engage directly with businesses, through reviews, its Request-A-Quote and Message the Business features, and by completing transactions on the Yelp Platform.
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