Zacks Investment Research upgraded shares of Yelp (NYSE:YELP) from a sell rating to a hold rating in a research note released on Thursday.
According to Zacks, “Yelp, Inc. is a website engaged in providing information through online community offering social networking. It covers restaurants, shopping, nightlife, financial services, health and a variety of services. The company serves customers in the United States, Canada, the United Kingdom, Ireland, France, Germany, Austria, the Netherlands, Spain, Italy, Switzerland and Belgium. Yelp, Inc. is headquartered in San Francisco, California. “
YELP has been the subject of several other reports. Stifel Nicolaus cut their price target on Yelp from $40.00 to $38.00 and set a hold rating for the company in a report on Thursday, February 8th. SunTrust Banks set a $50.00 price target on Yelp and gave the company a buy rating in a report on Thursday, February 8th. Barclays boosted their price target on Yelp from $43.00 to $44.00 and gave the company an equal weight rating in a report on Thursday, February 8th. ValuEngine downgraded Yelp from a hold rating to a sell rating in a report on Friday, December 1st. Finally, B. Riley reiterated a neutral rating on shares of Yelp in a report on Tuesday, February 6th. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and sixteen have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $43.56.
Yelp (NYSE YELP) opened at $45.92 on Thursday. The firm has a market capitalization of $3,860.67, a price-to-earnings ratio of 26.70, a price-to-earnings-growth ratio of 7.12 and a beta of 1.11. Yelp has a twelve month low of $26.93 and a twelve month high of $48.40.
Yelp (NYSE:YELP) last issued its quarterly earnings results on Wednesday, February 7th. The local business review company reported ($0.09) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.25) by $0.16. The company had revenue of $218.25 million during the quarter, compared to the consensus estimate of $215.12 million. Yelp had a return on equity of 0.23% and a net margin of 18.05%. research analysts expect that Yelp will post 0.25 EPS for the current year.
In other Yelp news, Director Geoffrey L. Donaker sold 6,000 shares of the company’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $43.72, for a total value of $262,320.00. Following the completion of the transaction, the director now directly owns 9,590 shares of the company’s stock, valued at approximately $419,274.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jeremy Stoppelman sold 13,000 shares of the company’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $43.69, for a total transaction of $567,970.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 216,500 shares of company stock valued at $9,305,870. 10.10% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of the business. BlackRock Inc. boosted its position in Yelp by 10.4% in the 4th quarter. BlackRock Inc. now owns 5,533,628 shares of the local business review company’s stock valued at $232,190,000 after buying an additional 521,218 shares during the last quarter. Allianz Asset Management GmbH boosted its position in Yelp by 9.5% in the 4th quarter. Allianz Asset Management GmbH now owns 3,201,061 shares of the local business review company’s stock valued at $134,317,000 after buying an additional 277,146 shares during the last quarter. William Blair Investment Management LLC boosted its position in Yelp by 20.8% in the 4th quarter. William Blair Investment Management LLC now owns 3,167,281 shares of the local business review company’s stock valued at $132,899,000 after buying an additional 546,282 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in Yelp by 6.5% in the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,544,615 shares of the local business review company’s stock valued at $106,772,000 after buying an additional 154,785 shares during the last quarter. Finally, Jackson Square Partners LLC boosted its position in Yelp by 3.0% in the 4th quarter. Jackson Square Partners LLC now owns 2,133,435 shares of the local business review company’s stock valued at $89,518,000 after buying an additional 62,398 shares during the last quarter. 89.32% of the stock is owned by institutional investors.
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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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