Yelp Inc. (YELP) Earns “Market Perform” Rating from JMP Securities
Several other equities analysts also recently commented on YELP. B. Riley reissued a neutral rating and issued a $27.00 price objective on shares of Yelp in a research note on Wednesday, August 10th. Wedbush increased their price objective on shares of Yelp from $30.00 to $35.00 and gave the company a neutral rating in a research note on Wednesday, August 10th. Cantor Fitzgerald increased their price objective on shares of Yelp from $38.00 to $42.00 and gave the company a buy rating in a research note on Monday, August 8th. Morgan Stanley increased their price objective on shares of Yelp from $19.00 to $26.00 and gave the company an equal weight rating in a research note on Tuesday, August 9th. Finally, Barclays PLC increased their price objective on shares of Yelp from $25.00 to $30.00 and gave the company an equal weight rating in a research note on Wednesday, August 10th. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eighteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $37.00.
Yelp (NYSE:YELP) opened at 36.07 on Tuesday. Yelp has a one year low of $14.53 and a one year high of $43.36. The firm’s market cap is $2.80 billion. The stock has a 50 day moving average of $37.47 and a 200 day moving average of $32.21.
Yelp (NYSE:YELP) last posted its quarterly earnings results on Wednesday, November 2nd. The local business review company reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.25. The business had revenue of $186.20 million for the quarter, compared to analyst estimates of $183 million. Yelp had a negative net margin of 5.23% and a negative return on equity of 4.67%. The firm’s revenue for the quarter was up 29.7% on a year-over-year basis. During the same quarter last year, the business posted $0.03 EPS. Equities research analysts predict that Yelp will post ($0.14) EPS for the current fiscal year.
In other Yelp news, COO Joseph R. Nachman sold 2,508 shares of the firm’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $37.45, for a total transaction of $93,924.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeremy Stoppelman sold 263,000 shares of the firm’s stock in a transaction that occurred on Friday, September 23rd. The stock was sold at an average price of $40.00, for a total transaction of $10,520,000.00. The disclosure for this sale can be found here. 11.08% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in the company. FNY Managed Accounts LLC purchased a new stake in Yelp during the third quarter worth approximately $100,000. Emerald Acquisition Ltd. purchased a new stake in Yelp during the second quarter worth approximately $112,000. US Bancorp DE boosted its stake in Yelp by 3,181.0% in the third quarter. US Bancorp DE now owns 3,970 shares of the local business review company’s stock worth $165,000 after buying an additional 3,849 shares during the last quarter. Legal & General Group Plc boosted its stake in Yelp by 62.0% in the second quarter. Legal & General Group Plc now owns 5,742 shares of the local business review company’s stock worth $174,000 after buying an additional 2,197 shares during the last quarter. Finally, IBM Retirement Fund purchased a new stake in Yelp during the second quarter worth approximately $209,000. Institutional investors own 74.87% of the company’s stock.
Yelp Company Profile
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 provides local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences, through reviews, tips, photos and videos, and engages directly with businesses, through reviews, phone calls and its Message the Business feature.
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