Yelp Inc. (YELP) PT Lowered to $44.00 at Mizuho
Yelp Inc. (NYSE:YELP) had its price target lowered by Mizuho from $45.00 to $44.00 in a research note issued to investors on Friday. The brokerage currently has a buy rating on the local business review company’s stock.
YELP has been the topic of a number of other reports. RBC Capital Markets set a $55.00 price target on Yelp and gave the company a buy rating in a report on Monday, February 6th. Vetr upgraded Yelp from a buy rating to a strong-buy rating and set a $43.15 price target on the stock in a report on Monday, October 17th. Zacks Investment Research downgraded Yelp from a hold rating to a sell rating in a report on Thursday, October 20th. Roth Capital set a $30.00 price target on Yelp and gave the company a sell rating in a report on Tuesday, February 7th. Finally, Deutsche Bank AG reiterated a buy rating on shares of Yelp in a report on Tuesday, November 1st. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Yelp currently has an average rating of Buy and an average target price of $40.20.
Yelp (NYSE:YELP) traded down 2.41% on Friday, reaching $34.77. The company’s stock had a trading volume of 4,572,237 shares. Yelp has a 1-year low of $17.62 and a 1-year high of $43.41. The firm’s 50 day moving average price is $40.35 and its 200-day moving average price is $37.88. The company’s market capitalization is $2.74 billion.
Yelp (NYSE:YELP) last announced its quarterly earnings results on Thursday, February 9th. The local business review company reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.24. Yelp had a negative return on equity of 0.01% and a negative net margin of 0.65%. The business had revenue of $194.50 million for the quarter, compared to the consensus estimate of $194.51 million. During the same period last year, the business posted $0.11 EPS. The business’s revenue was up 26.7% compared to the same quarter last year. Equities analysts forecast that Yelp will post $0.08 earnings per share for the current year.
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In related news, CEO Jeremy Stoppelman sold 13,000 shares of the company’s stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $41.93, for a total value of $545,090.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael Stoppelman sold 8,736 shares of the company’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $38.19, for a total value of $333,627.84. Following the completion of the transaction, the senior vice president now directly owns 132,903 shares of the company’s stock, valued at approximately $5,075,565.57. The disclosure for this sale can be found here. Insiders sold a total of 183,236 shares of company stock valued at $7,370,108 in the last ninety days. 11.08% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the company. Concourse Capital Management LLC purchased a new stake in Yelp during the second quarter valued at approximately $278,000. Emerald Acquisition Ltd. purchased a new stake in Yelp during the second quarter valued at approximately $112,000. Neuberger Berman Group LLC purchased a new stake in Yelp during the second quarter valued at approximately $342,000. Teacher Retirement System of Texas raised its stake in Yelp by 16.9% in the second quarter. Teacher Retirement System of Texas now owns 9,459 shares of the local business review company’s stock valued at $287,000 after buying an additional 1,367 shares during the period. Finally, Vanguard Group Inc. raised its stake in Yelp by 3.4% in the second quarter. Vanguard Group Inc. now owns 4,627,569 shares of the local business review company’s stock valued at $140,493,000 after buying an additional 150,902 shares during the period. Institutional investors own 74.24% of the company’s stock.
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 provides local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences, through reviews, tips, photos and videos, and engages directly with businesses, through reviews, phone calls and its Message the Business feature.
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