Yelp Inc (NYSE:YELP) has been assigned a consensus rating of “Hold” from the twenty-five ratings firms that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $41.50.
A number of equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Yelp from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a report on Thursday, September 27th. Barclays lifted their price target on shares of Yelp from $47.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, August 9th. JPMorgan Chase & Co. lifted their price target on shares of Yelp to $57.00 and gave the stock an “overweight” rating in a report on Thursday, August 9th. KeyCorp reiterated a “hold” rating on shares of Yelp in a report on Thursday, August 9th. Finally, Jefferies Financial Group lifted their price target on shares of Yelp from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, August 9th.
In other Yelp news, Director Geoffrey L. Donaker sold 2,000 shares of Yelp stock in a transaction that occurred on Tuesday, November 27th. The shares were sold at an average price of $31.79, for a total transaction of $63,580.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Alan Ramsay sold 6,355 shares of Yelp stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $31.20, for a total transaction of $198,276.00. Following the transaction, the insider now directly owns 28,879 shares in the company, valued at $901,024.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 185,355 shares of company stock valued at $8,149,431. 9.00% of the stock is owned by insiders.
Shares of NYSE YELP traded up $0.35 during midday trading on Friday, reaching $34.02. 25,605 shares of the stock were exchanged, compared to its average volume of 4,151,394. The company has a market cap of $2.80 billion, a PE ratio of 488.71, a price-to-earnings-growth ratio of 3.83 and a beta of 1.31. Yelp has a 52-week low of $29.33 and a 52-week high of $52.50.
Yelp (NYSE:YELP) last issued its quarterly earnings results on Thursday, November 8th. The local business review company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.09. The business had revenue of $241.10 million during the quarter, compared to the consensus estimate of $245.55 million. Yelp had a net margin of 18.04% and a return on equity of 1.34%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.29 earnings per share. As a group, analysts expect that Yelp will post 0.37 EPS for the current fiscal year.
Yelp Inc operates a platform that connects people with local businesses in the United States, Canada, and internationally. The company's platform covers various local business categories, including restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others.
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