Q1 2018 EPS Estimates for Yelp Inc Cut by Analyst (YELP)
Yelp Inc (NYSE:YELP) – Research analysts at B. Riley decreased their Q1 2018 EPS estimates for shares of Yelp in a research note issued on Thursday. B. Riley analyst S. Sinha now expects that the local business review company will post earnings per share of ($0.03) for the quarter, down from their previous forecast of ($0.02). B. Riley currently has a “Neutral” rating on the stock.
YELP has been the subject of several other research reports. Stifel Nicolaus cut their target price on Yelp from $40.00 to $38.00 and set a “hold” rating for the company in a research note on Thursday, February 8th. Cantor Fitzgerald reiterated a “hold” rating and issued a $44.00 price objective on shares of Yelp in a research report on Wednesday, November 1st. KeyCorp reiterated a “buy” rating and issued a $54.00 price objective on shares of Yelp in a research report on Tuesday, October 17th. SunTrust Banks set a $50.00 price objective on Yelp and gave the company a “buy” rating in a research report on Thursday, February 8th. Finally, Zacks Investment Research reiterated a “hold” rating on shares of Yelp in a research report on Saturday, January 13th. Four equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eighteen have assigned a buy rating to the company. Yelp presently has an average rating of “Hold” and a consensus price target of $43.46.
In other Yelp news, Director Geoffrey L. Donaker sold 6,000 shares of the stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $41.09, for a total value of $246,540.00. Following the completion of the transaction, the director now owns 9,590 shares in the company, valued at $394,053.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jeremy Stoppelman sold 13,000 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $44.37, for a total value of $576,810.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 238,085 shares of company stock valued at $10,475,598. 10.10% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Yelp by 4.1% in the second quarter. Vanguard Group Inc. now owns 5,935,362 shares of the local business review company’s stock worth $178,180,000 after purchasing an additional 231,754 shares in the last quarter. BlackRock Inc. raised its holdings in Yelp by 10.4% in the fourth quarter. BlackRock Inc. now owns 5,533,628 shares of the local business review company’s stock worth $232,190,000 after purchasing an additional 521,218 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in Yelp by 9.5% in the fourth quarter. Allianz Asset Management GmbH now owns 3,201,061 shares of the local business review company’s stock worth $134,317,000 after purchasing an additional 277,146 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Yelp by 17.7% in the third quarter. Fisher Asset Management LLC now owns 2,893,867 shares of the local business review company’s stock worth $125,304,000 after purchasing an additional 434,574 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD raised its holdings in Yelp by 6.5% in the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,544,615 shares of the local business review company’s stock worth $106,772,000 after purchasing an additional 154,785 shares in the last quarter. Institutional investors and hedge funds 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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