Yelp Inc (NYSE:YELP) has earned a consensus rating of “Hold” from the twenty-five brokerages that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, sixteen have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $37.20.
YELP has been the topic of several recent research reports. B. Riley cut shares of Yelp from a “buy” rating to a “neutral” rating and lowered their price target for the company from $50.00 to $42.00 in a research report on Friday, May 10th. Evercore ISI set a $38.00 price target on shares of Yelp and gave the company a “hold” rating in a research report on Friday, August 9th. Royal Bank of Canada reissued an “outperform” rating and set a $44.00 price target (up previously from $42.00) on shares of Yelp in a research report on Friday, August 9th. Stifel Nicolaus reissued a “hold” rating and set a $38.00 price target on shares of Yelp in a research report on Friday, August 9th. Finally, BMO Capital Markets initiated coverage on shares of Yelp in a research report on Wednesday, April 17th. They set an “outperform” rating on the stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of YELP. Rothschild & Co. Asset Management US Inc. acquired a new position in Yelp in the second quarter valued at about $34,444,000. Norges Bank acquired a new position in Yelp in the fourth quarter valued at about $28,189,000. Goodnow Investment Group LLC lifted its position in Yelp by 1,243.4% in the second quarter. Goodnow Investment Group LLC now owns 673,865 shares of the local business review company’s stock valued at $23,033,000 after buying an additional 623,705 shares during the last quarter. Victory Capital Management Inc. lifted its position in Yelp by 39.3% in the first quarter. Victory Capital Management Inc. now owns 1,472,420 shares of the local business review company’s stock valued at $50,798,000 after buying an additional 415,525 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH lifted its position in Yelp by 421.4% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 365,000 shares of the local business review company’s stock valued at $12,476,000 after buying an additional 295,000 shares during the last quarter. 95.40% of the stock is currently owned by institutional investors.
Yelp (NYSE:YELP) last released its earnings results on Thursday, August 8th. The local business review company reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.04. The business had revenue of $246.96 million during the quarter, compared to analyst estimates of $247.63 million. Yelp had a net margin of 6.26% and a return on equity of 4.27%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.12 earnings per share. As a group, research analysts anticipate that Yelp will post 0.67 EPS for the current fiscal year.
Yelp Inc operates a platform that connects consumers 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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