Brokerages Set Yelp Inc. (NYSE:YELP) Target Price at $40.67

Shares of Yelp Inc. (NYSE:YELPGet Free Report) have been given a consensus recommendation of “Hold” by the ten ratings firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $40.67.

Several equities analysts have commented on the stock. Robert W. Baird decreased their target price 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. Craig Hallum decreased their target price on shares of Yelp from $55.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, May 10th. Raymond James assumed coverage on shares of Yelp in a report on Wednesday, March 27th. They issued a “market perform” rating on the stock. Finally, StockNews.com raised shares of Yelp from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 24th.

View Our Latest Stock Report on Yelp

Insiders Place Their Bets

In other Yelp news, COO Joseph R. Nachman sold 4,941 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $36.53, for a total transaction of $180,494.73. Following the sale, the chief operating officer now directly owns 295,842 shares of the company’s stock, valued at approximately $10,807,108.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, COO Joseph R. Nachman sold 4,941 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $36.53, for a total value of $180,494.73. Following 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 can be accessed through the SEC website. Also, insider Carmen Orr sold 14,984 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $38.00, for a total transaction of $569,392.00. Following the completion of the transaction, the insider now owns 110,011 shares in the company, valued at approximately $4,180,418. The disclosure for this sale can be found here. Insiders have sold 49,818 shares of company stock valued at $1,855,643 in the last ninety days. 7.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. DekaBank Deutsche Girozentrale raised its holdings in Yelp by 424.2% during the first quarter. DekaBank Deutsche Girozentrale now owns 17,080 shares of the local business review company’s stock worth $661,000 after buying an additional 13,822 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of Yelp by 5.3% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 429,438 shares of the local business review company’s stock worth $16,920,000 after acquiring an additional 21,503 shares in the last quarter. Vident Advisory LLC grew its stake in shares of Yelp by 49.9% in the 1st quarter. Vident Advisory LLC now owns 108,663 shares of the local business review company’s stock worth $4,281,000 after acquiring an additional 36,168 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Yelp in the 1st quarter worth $3,861,000. Finally, CANADA LIFE ASSURANCE Co grew its stake in shares of Yelp by 7.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 61,150 shares of the local business review company’s stock worth $2,409,000 after acquiring an additional 4,306 shares in the last quarter. Institutional investors and hedge funds own 90.11% of the company’s stock.

Yelp Stock Performance

NYSE YELP opened at $36.05 on Tuesday. The firm has a 50-day moving average of $37.96 and a 200-day moving average of $40.77. The stock has a market cap of $2.43 billion, a PE ratio of 22.96 and a beta of 1.35. Yelp has a 52-week low of $34.92 and a 52-week high of $48.99.

Yelp (NYSE:YELPGet Free Report) last issued its quarterly earnings data on Thursday, May 9th. The local business review company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.16. Yelp had a net margin of 8.44% and a return on equity of 15.69%. The business had revenue of $332.75 million during the quarter, compared to analysts’ expectations of $333.66 million. As a group, analysts predict that Yelp will post 1.39 EPS for the current fiscal year.

About Yelp

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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, auto, professional, pets, events, real estate, and financial services.

Further Reading

Analyst Recommendations for Yelp (NYSE:YELP)

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