Yelp Inc. (NYSE:YELP) Receives $39.00 Consensus PT from Brokerages

Shares of Yelp Inc. (NYSE:YELP) have been given an average rating of “Hold” by the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $39.00.

Several research firms recently commented on YELP. StockNews.com lowered shares of Yelp from a “strong-buy” rating to a “buy” rating in a report on Monday, August 12th. Morgan Stanley lifted their price objective on Yelp from $32.00 to $34.00 and gave the stock an “underweight” rating in a report on Tuesday, July 23rd. JPMorgan Chase & Co. lowered their target price on Yelp from $38.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. Finally, Wolfe Research started coverage on Yelp in a research report on Tuesday, July 16th. They set a “peer perform” rating on the stock.

Yelp Trading Down 1.2 %

YELP opened at $33.87 on Friday. The stock has a market capitalization of $2.28 billion, a P/E ratio of 21.57 and a beta of 1.33. The stock has a 50-day moving average price of $35.24 and a 200-day moving average price of $37.15. Yelp has a 12-month low of $32.56 and a 12-month high of $48.99.

Yelp (NYSE:YELP) last issued its earnings results on Thursday, August 8th. The local business review company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.27. The business had revenue of $357.00 million during the quarter, compared to analyst estimates of $352.98 million. Yelp had a return on equity of 18.71% and a net margin of 10.01%. Yelp’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.21 earnings per share. On average, equities research analysts predict that Yelp will post 1.65 EPS for the current year.

Insider Buying and Selling at Yelp

In other news, CTO Sam Eaton sold 10,776 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $35.00, for a total transaction of $377,160.00. Following the completion of the sale, the chief technology officer now directly owns 145,171 shares in the company, valued at $5,080,985. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, COO Joseph R. Nachman sold 7,000 shares of Yelp stock in a transaction on Monday, August 5th. The shares were sold at an average price of $33.25, for a total value of $232,750.00. Following the sale, the chief operating officer now owns 281,842 shares in the company, valued at $9,371,246.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Sam Eaton sold 10,776 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $35.00, for a total transaction of $377,160.00. Following the completion of the transaction, the chief technology officer now owns 145,171 shares of the company’s stock, valued at $5,080,985. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,776 shares of company stock worth $863,590. 7.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Yelp

Large investors have recently modified their holdings of the stock. Victory Capital Management Inc. raised its stake in Yelp by 629.6% in the fourth quarter. Victory Capital Management Inc. now owns 312,510 shares of the local business review company’s stock worth $14,794,000 after buying an additional 269,676 shares in the last quarter. Natixis Advisors L.P. raised its position in shares of Yelp by 14.9% in the 4th quarter. Natixis Advisors L.P. now owns 15,532 shares of the local business review company’s stock worth $735,000 after acquiring an additional 2,010 shares in the last quarter. Summit Global Investments purchased a new position in shares of Yelp in the 4th quarter valued at approximately $685,000. Leuthold Group LLC bought a new stake in shares of Yelp during the fourth quarter valued at approximately $3,247,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Yelp by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,019,944 shares of the local business review company’s stock worth $48,284,000 after purchasing an additional 12,511 shares during the period. Institutional investors own 90.11% of the company’s stock.

Yelp Company Profile

Yelp Inc operates a platform that connects consumers with local businesses in the United States and internationally. The company's platform covers various categories, including restaurants, shopping, beauty and fitness, health, and other categories, as well as home, local, auto, professional, pets, events, real estate, and financial services.