Yelp Inc (NYSE:YELP) – Equities research analysts at Oppenheimer issued their Q1 2018 EPS estimates for shares of Yelp in a report issued on Thursday. Oppenheimer analyst J. Helfstein expects that the local business review company will post earnings per share of ($0.07) for the quarter. Oppenheimer also issued estimates for Yelp’s Q2 2018 earnings at $0.11 EPS, Q3 2018 earnings at $0.13 EPS and Q4 2018 earnings at $0.13 EPS.
Several other brokerages have also issued reports on YELP. Zacks Investment Research raised Yelp from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Tuesday, November 21st. Roth Capital raised their price objective on Yelp from $35.00 to $41.00 and gave the stock a “neutral” rating in a report on Tuesday, October 31st. KeyCorp set a $54.00 price objective on Yelp and gave the stock a “buy” rating in a report on Thursday, November 16th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $45.00 price objective (up previously from $36.00) on shares of Yelp in a report on Thursday, November 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $49.00 price objective on shares of Yelp in a report on Thursday, November 2nd. Four investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $43.46.
Yelp (NYSE YELP) opened at $38.67 on Monday. The stock has a market capitalization of $3,210.00, a PE ratio of 22.48, a price-to-earnings-growth ratio of 5.14 and a beta of 1.14. Yelp has a twelve month low of $26.93 and a twelve month high of $48.40.
In related news, COO Joseph R. Nachman sold 5,260 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $46.92, for a total value of $246,799.20. Following the completion of the sale, the chief operating officer now owns 114,414 shares in the company, valued at $5,368,304.88. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jeremy Stoppelman sold 13,000 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $44.37, for a total transaction of $576,810.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 238,085 shares of company stock worth $10,475,598. Corporate insiders own 10.10% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC lifted its position in Yelp by 464.1% in the fourth quarter. Renaissance Technologies LLC now owns 1,145,700 shares of the local business review company’s stock valued at $48,074,000 after purchasing an additional 942,600 shares during the period. Koch Industries Inc. lifted its position in Yelp by 150.5% in the fourth quarter. Koch Industries Inc. now owns 14,802 shares of the local business review company’s stock valued at $621,000 after purchasing an additional 8,893 shares during the period. Caisse DE Depot ET Placement DU Quebec acquired a new stake in Yelp in the fourth quarter valued at about $4,494,000. Alliancebernstein L.P. lifted its position in shares of Yelp by 3.4% during the 4th quarter. Alliancebernstein L.P. now owns 114,670 shares of the local business review company’s stock valued at $4,812,000 after acquiring an additional 3,800 shares during the period. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Yelp during the 4th quarter valued at approximately $1,410,000. 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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