Yelp Inc. (YELP) Upgraded at Vetr Inc.
Vetr upgraded shares of Yelp Inc. (NYSE:YELP) from a buy rating to a strong-buy rating in a research note released on Monday. The brokerage currently has $42.15 price target on the local business review company’s stock.
A number of other equities analysts have also recently commented on the stock. Cantor Fitzgerald reissued a buy rating on shares of Yelp in a research note on Friday, August 19th. Zacks Investment Research cut shares of Yelp from a hold rating to a sell rating in a research note on Thursday, October 20th. MKM Partners reissued a buy rating and issued a $48.00 price objective (up from $40.00) on shares of Yelp in a research note on Thursday, August 25th. Roth Capital set a $27.00 price objective on shares of Yelp and gave the stock a sell rating in a research note on Tuesday, October 25th. Finally, Jefferies Group reaffirmed a buy rating and set a $42.00 price target on shares of Yelp in a research note on Monday, August 22nd. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $37.00.
Yelp (NYSE:YELP) opened at 36.51 on Monday. The company has a 50-day moving average of $37.09 and a 200-day moving average of $32.72. The company’s market capitalization is $2.86 billion. Yelp has a 1-year low of $14.53 and a 1-year high of $43.36.
Yelp (NYSE:YELP) last issued its quarterly earnings data on Wednesday, November 2nd. The local business review company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.25. Yelp had a negative net margin of 5.23% and a negative return on equity of 4.58%. The business earned $186.20 million during the quarter, compared to analysts’ expectations of $183 million. During the same period last year, the company posted $0.03 EPS. The business’s revenue was up 29.7% on a year-over-year basis. Equities analysts expect that Yelp will post ($0.14) EPS for the current fiscal year.
In related news, SVP Laurence Wilson sold 36,650 shares of Yelp stock in a transaction on Friday, September 23rd. The shares were sold at an average price of $40.16, for a total value of $1,471,864.00. Following the transaction, the senior vice president now directly owns 117,718 shares in the company, valued at approximately $4,727,554.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Michael Stoppelman sold 2,781 shares of the business’s stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $37.45, for a total transaction of $104,148.45. Following the sale, the senior vice president now owns 131,948 shares in the company, valued at $4,941,452.60. The disclosure for this sale can be found here. 11.08% of the stock is currently owned by corporate insiders.
Several large investors have recently modified their holdings of YELP. FNY Managed Accounts LLC bought a new stake in shares of Yelp during the third quarter valued at approximately $100,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Yelp by 11.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,575 shares of the local business review company’s stock valued at $107,000 after buying an additional 270 shares during the last quarter. Emerald Acquisition Ltd. bought a new stake in shares of Yelp during the second quarter valued at approximately $112,000. US Bancorp DE raised its stake in shares of 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 valued at $165,000 after buying an additional 3,849 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of 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 valued at $174,000 after buying an additional 2,197 shares during the last quarter. Institutional investors own 77.58% 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.
To view Vetr’s full report, visit Vetr’s official website.
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