2 weeks Ago By ABMN Staff
Yelp Inc. ( NYSE:YELP – Get Free Report ) has been assigned an average recommendation of “Reduce” from the seven research firms that are covering the stock, MarketBeat.com reports.
Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $37.20.
Several equities analysts recently commented on the stock. Wolfe Research initiated coverage on shares of Yelp in a research report on Tuesday, July 16th. They set a “peer perform” rating for the company.
Bank of America initiated coverage on Yelp in a research report on Monday, September 16th. They set an “underperform” rating and a $30.00 price target for the company.
JPMorgan Chase & Co. cut their price objective on Yelp from $38.00 to $35.
00 and set a “neutral” rating on the stock in a report on Monday, August 12th. StockNews.com cut Yelp from a “strong-buy” rating to a “buy” rating in a report on Monday, August 12th.
Finally, Morgan Stanley increased their target price on shares of Yelp from $32.00 to $34.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 23rd.
View Our Latest Report on YELP Insider Activity at Yelp Hedge Funds Weigh In On Yelp Several institutional investors and hedge funds have recently made changes to their positions in YELP. Sanctuary Advisors LLC bought a new position in shares of Yelp during the second quarter worth about $499,000. Aristides Capital LLC bought a new position in Yelp during the 2nd quarter worth approximately $370,000.
Quarry LP grew its position in shares of Yelp by 153.4% in the 2nd quarter. Quarry LP now owns 1,323 shares of the local business review company’s stock worth $49,000 after acquiring an additional 801 shares in the last quarter.
Capital Impact Advisors LLC increased its holdings in shares of Yelp by 42.9% in the 2nd quarter. Capital Impact Advisors LLC now owns 23,869 shares of the local business review company’s stock valued at $882,000 after acquiring an additional 7,167 shares during the last quarter.
Finally, Algert Global LLC raised its position in shares of Yelp by 11.0% during the 2nd quarter. Algert Global LLC now owns 189,864 shares of the local business review company’s stock valued at $7,015,000 after acquiring an additional 18,786 shares in the last quarter.
90.11% of the stock is currently owned by hedge funds and other institutional investors. Yelp Price Performance Shares of NYSE YELP opened at $34.
91 on Thursday. The company has a market cap of $2.34 billion, a PE ratio of 22.
24, a price-to-earnings-growth ratio of 0.82 and a beta of 1.33.
The company has a 50-day simple moving average of $34.50 and a 200-day simple moving average of $36.77.
Yelp has a 12 month low of $32.56 and a 12 month high of $48.99.
Yelp ( NYSE:YELP – Get Free Report ) last issued its quarterly earnings results on Thursday, August 8th. The local business review company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.
27 by $0.27. Yelp had a return on equity of 18.
71% and a net margin of 10.01%. The company had revenue of $357.
00 million for the quarter, compared to analyst estimates of $352.98 million. During the same quarter in the prior year, the company posted $0.
21 EPS. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year.
On average, analysts anticipate that Yelp will post 1.65 EPS for the current year. Yelp Company Profile ( Get 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, auto, professional, pets, events, real estate, and financial services. Featured Stories Receive News & Ratings for Yelp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yelp and related companies with MarketBeat.com's FREE daily email newsletter .
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