Yelp Inc (NYSE:YELP) – Investment analysts at William Blair cut their Q1 2018 earnings estimates for shares of Yelp in a research report issued on Wednesday. William Blair analyst R. Schackart now forecasts that the local business review company will post earnings per share of ($0.07) for the quarter, down from their previous forecast of ($0.05). William Blair also issued estimates for Yelp’s Q3 2018 earnings at $0.06 EPS, Q4 2018 earnings at $0.16 EPS and FY2018 earnings at $0.23 EPS.
YELP has been the topic of several other reports. Stifel Nicolaus dropped their price objective on shares of Yelp from $40.00 to $38.00 and set a “hold” rating on the stock in a research report on Thursday, February 8th. Cantor Fitzgerald reissued a “hold” rating and issued a $44.00 price objective on shares of Yelp in a research report on Wednesday, November 1st. B. Riley reissued a “hold” rating and issued a $39.00 price objective on shares of Yelp in a research report on Thursday, November 2nd. KeyCorp reissued a “buy” rating and issued a $54.00 price objective on shares of Yelp in a research report on Tuesday, October 17th. Finally, SunTrust Banks set a $50.00 price objective on shares of Yelp and gave the company a “buy” rating in a research report on Thursday, February 8th. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eighteen have assigned a buy rating to the company. Yelp currently has a consensus rating of “Hold” and a consensus price target of $43.46.
Yelp (NYSE YELP) opened at $38.97 on Monday. The firm has a market cap of $3,230.00, a PE ratio of 22.66, a PEG ratio of 5.14 and a beta of 1.14. Yelp has a 1 year low of $26.93 and a 1 year high of $48.40.
In related news, CEO Jeremy Stoppelman sold 13,000 shares of Yelp stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $44.37, for a total transaction of $576,810.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Geoffrey L. Donaker sold 6,000 shares of Yelp stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $41.09, for a total transaction of $246,540.00. Following the sale, the director now owns 9,590 shares in the company, valued at $394,053.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 251,085 shares of company stock worth $11,065,798. 10.10% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in YELP. Prudential Financial Inc. bought a new position in Yelp during the 2nd quarter worth approximately $249,000. ProShare Advisors LLC bought a new position in Yelp during the 2nd quarter worth approximately $215,000. Northern Trust Corp raised its holdings in Yelp by 171.3% during the 2nd quarter. Northern Trust Corp now owns 968,313 shares of the local business review company’s stock worth $29,069,000 after purchasing an additional 611,461 shares during the last quarter. Vanguard Group Inc. raised its holdings in Yelp by 4.1% during the 2nd quarter. Vanguard Group Inc. now owns 5,935,362 shares of the local business review company’s stock worth $178,180,000 after purchasing an additional 231,754 shares during the last quarter. Finally, FMR LLC bought a new position in Yelp during the 2nd quarter worth approximately $2,402,000. Hedge funds and other institutional investors own 85.82% of the company’s stock.
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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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