Yelp (YELP) Getting Somewhat Positive News Coverage, Report Finds
News headlines about Yelp (NYSE:YELP) have been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Yelp earned a news impact score of 0.08 on Accern’s scale. Accern also gave news coverage about the local business review company an impact score of 46.4606158688211 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern’s rankings:
- Smart or too small? Reviews are mixed on T-Mobile’s Layer3 TV buy (bizjournals.com)
- Lubn Inc. Showcases IoT-Based Property Management Platform at CES Eureka Park (forextv.com)
- Pitch Perfect 3 Review: The Trilogy Ends With an A-ca Whimper (screenrant.com)
- Stocks To Watch: Yelp Sees RS Rating Rise To 81 (finance.yahoo.com)
- FMC reviews 24 OTI license applications (americanshipper.com)
Shares of Yelp (NYSE:YELP) traded down $0.23 during mid-day trading on Wednesday, hitting $43.32. 732,594 shares of the stock were exchanged, compared to its average volume of 1,270,000. The company has a market cap of $3,590.00, a P/E ratio of 199.14, a price-to-earnings-growth ratio of 9.44 and a beta of 1.22. Yelp has a 12-month low of $26.93 and a 12-month high of $48.40.
A number of equities research analysts have commented on the stock. Zacks Investment Research raised shares of Yelp from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research report on Tuesday, November 21st. Roth Capital lifted their target price on shares of Yelp from $35.00 to $41.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 31st. KeyCorp set a $54.00 target price on shares of Yelp and gave the stock a “buy” rating in a research report on Thursday, November 16th. Cantor Fitzgerald downgraded shares of Yelp from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $46.73 to $44.00 in a research report on Monday, October 9th. Finally, SunTrust Banks set a $51.00 target price on shares of Yelp and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty have given a buy rating to the company’s stock. Yelp presently has a consensus rating of “Hold” and an average price target of $43.49.
In related news, CEO Jeremy Stoppelman sold 13,000 shares of the company’s stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $42.20, for a total value of $548,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Geoffrey L. Donaker sold 6,000 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 9,590 shares of the company’s stock, valued at approximately $394,053.10. The disclosure for this sale can be found here. Insiders sold a total of 333,956 shares of company stock valued at $14,949,358 in the last ninety days. 10.10% of the stock is currently owned by insiders.
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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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