Yelp (YELP) Stock Rating Lowered by ValuEngine

Yelp (NYSE:YELP) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

Other analysts have also recently issued research reports about the stock. Barclays restated an “equal weight” rating and set a $36.00 target price (up previously from $28.00) on shares of Yelp in a research note on Friday, August 4th. B. Riley restated a “neutral” rating and set a $36.00 target price on shares of Yelp in a research note on Friday, August 4th. Zacks Investment Research upgraded shares of Yelp from a “sell” rating to a “hold” rating and set a $48.00 target price for the company in a research note on Tuesday, August 8th. Royal Bank Of Canada raised their target price on shares of Yelp from $27.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Friday, August 4th. Finally, Wells Fargo & Company restated a “market perform” rating and set a $45.00 target price (up previously from $36.00) on shares of Yelp in a research note on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twenty have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $43.28.

Shares of Yelp (NYSE YELP) opened at $43.89 on Friday. The stock has a market cap of $3,640.00, a PE ratio of 202.50, a PEG ratio of 10.01 and a beta of 1.29. Yelp has a 12 month low of $26.93 and a 12 month high of $48.40.

Yelp (NYSE:YELP) last posted its earnings results on Wednesday, November 1st. The local business review company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.30. The company had revenue of $222.40 million during the quarter, compared to analysts’ expectations of $220.75 million. Yelp had a net margin of 2.31% and a return on equity of 2.20%. Yelp’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.22 EPS. equities research analysts forecast that Yelp will post 0.17 earnings per share for the current year.

In other news, Director Geoffrey L. Donaker sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $42.11, for a total value of $252,660.00. Following the completion of the transaction, the director now directly owns 9,590 shares in the company, valued at approximately $403,834.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeremy Stoppelman sold 13,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $42.62, for a total transaction of $554,060.00. The disclosure for this sale can be found here. Insiders sold a total of 327,956 shares of company stock valued at $14,722,108 over the last 90 days. Corporate insiders own 10.10% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Amalgamated Bank grew its holdings in shares of Yelp by 0.9% during the 2nd quarter. Amalgamated Bank now owns 9,993 shares of the local business review company’s stock valued at $300,000 after purchasing an additional 88 shares during the last quarter. California State Teachers Retirement System grew its holdings in shares of Yelp by 1.0% during the 2nd quarter. California State Teachers Retirement System now owns 137,621 shares of the local business review company’s stock valued at $4,131,000 after purchasing an additional 1,427 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Yelp by 3.5% during the 2nd quarter. Parallel Advisors LLC now owns 55,591 shares of the local business review company’s stock valued at $1,808,000 after purchasing an additional 1,899 shares during the last quarter. Menta Capital LLC grew its holdings in shares of Yelp by 10.6% during the 2nd quarter. Menta Capital LLC now owns 19,900 shares of the local business review company’s stock valued at $597,000 after purchasing an additional 1,900 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of Yelp by 2.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 100,798 shares of the local business review company’s stock valued at $3,026,000 after purchasing an additional 1,986 shares during the last quarter. 85.75% of the stock is currently owned by institutional investors.

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About Yelp

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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