Yelp Inc. (NYSE:YELP) receives consensus rating of “Hold” from the brokerage

Shares of Yelp Inc. (NYSE:YELP – Get Your Free Report ) has received an average rating of “Hold” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $39.00.

Several equities analysts recently weighed in on the company. StockNews.com cut Yelp from a “strong-buy” rating to a “buy” rating in a report on Monday, August 12th. Morgan Stanley lifted their price target on shares of Yelp from $32.00 to $34.00 and gave the company an “underweight” rating in a research note on Tuesday, July 23rd. Wolfe Research began coverage on shares of Yelp in a research report on Tuesday, July 16th. They set a “peer perform” rating for the company. Robert W. Baird decreased their price objective on shares of Yelp from $44.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, May 10th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Yelp from $38.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, August 12th.

Read our latest research report on YELP

Insider trading at Yelp

In other news, COO Joseph R. Nachman sold 4,941 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $36.53, for a total value of $180,494.73. Following the completion of the transaction, the chief operating officer now owns 295,842 shares in the company, valued at approximately $10,807,108.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. In related news, CTO Sam Eaton sold 10,776 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $35.00, for a total transaction of $377,160.00. Following the transaction, the chief technology officer now directly owns 145,171 shares in the company, valued at $5,080,985. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Joseph R. Nachman sold 4,941 shares of the stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $36.53, for a total transaction of $180,494.73. Following the completion of the sale, the chief operating officer now owns 295,842 shares of the company’s stock, valued at approximately $10,807,108.26. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold a total of 30,142 shares of company stock worth $1,059,695. 7.40% of shares are held by corporate insiders.

Institutional investors are stepping in on Yelp

A number of institutional investors and hedge funds have recently modified their holdings of YELP. Fidelis Capital Partners LLC purchased a new position in Yelp in the 1st quarter worth approximately $25,000. Fifth Third Bancorp raised its stake in shares of Yelp by 262.8% during the second quarter. Fifth Third Bancorp now owns 664 shares of the local business evaluation company’s stock worth $25,000 after acquiring an additional 481 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of Yelp during the second quarter valued at approximately $25,000. CM Bidwell & Associates Ltd. bought a new stake in Yelp in the 4th quarter valued at $27,000. Finally, Quarry LP boosted its stake in Yelp by 153.4% ​​in the second quarter. Quarry LP now owns 1,323 shares of the local business evaluation company’s stock valued at $49,000 after acquiring an additional 801 shares during the period. 90.11% of shares are held by institutional investors.

Yelp Stock Performance

Shares of NYSE:YELP opened at $34.93 on Friday. The company has a 50 day moving average price of $35.50 and a two hundred day moving average price of $37.36. The company has a market cap of $2.36 billion, a PE ratio of 22.25 and a beta of 1.33. Yelp has a 52-week low of $32.56 and a 52-week high of $48.99.

Yelp (NYSE:YELP – Get Your Free Report ) last issued its quarterly earnings data on Thursday, August 8th. The local business analytics company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.27. The business had revenue of $357.00 million during the quarter, compared to analysts’ expectations of $352.98 million. Yelp had a net margin of 10.01% and a return on equity of 18.71%. The company’s quarterly revenue was up 5.9% year over year. In the same quarter last year, the company earned $0.21 EPS. On average, sell-side analysts forecast that Yelp will post 1.61 earnings per share for the current year.

Yelp Company Profile

(Get a free report

Yelp Inc operates a platform that connects consumers with local businesses in the United States and internationally. The company’s platform covers various categories, including restaurants, shopping, beauty and fitness, health and other categories, as well as home, local, automotive, professional, pets, events, real estate and financial services.

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