Yelp Inc. (NYSE:YELP) had its target price boosted by equities research analysts at Wedbush from $35.00 to $37.00 in a research report issued to clients and investors on Friday. The brokerage presently has a “neutral” rating on the local business review company’s stock. Wedbush’s target price would suggest a potential upside of 6.41% from the company’s previous close.

Other analysts also recently issued research reports about the company. Aegis assumed coverage on Yelp in a research report on Tuesday, December 13th. They set a “buy” rating and a $47.00 price target for the company. B. Riley reiterated a “neutral” rating and set a $36.00 price target on shares of Yelp in a research report on Thursday, November 3rd. MKM Partners reiterated a “buy” rating and set a $48.00 price target on shares of Yelp in a research report on Friday, December 23rd. Roth Capital set a $30.00 price target on Yelp and gave the company a “sell” rating in a research report on Tuesday, February 7th. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $46.00 price target on shares of Yelp in a research report on Thursday, November 3rd. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $40.20.

Analyst Recommendations for Yelp (NYSE:YELP)

Yelp (NYSE:YELP) traded down 2.41% during mid-day trading on Friday, reaching $34.77. 4,572,237 shares of the company’s stock were exchanged. Yelp has a one year low of $17.62 and a one year high of $43.41. The stock has a 50-day moving average of $40.35 and a 200-day moving average of $37.88. The stock’s market cap is $2.74 billion.

Yelp (NYSE:YELP) last posted its earnings results on Thursday, February 9th. The local business review company reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.24. The business earned $194.50 million during the quarter, compared to analyst estimates of $194.51 million. Yelp had a negative return on equity of 0.01% and a negative net margin of 0.65%. The company’s quarterly revenue was up 26.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.11 EPS. On average, equities research analysts anticipate 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 on Wednesday, January 25th. The stock was sold at an average price of $42.58, for a total value of $553,540.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Geoffrey L. Donaker sold 4,000 shares of the company’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $37.58, for a total value of $150,320.00. Following the completion of the sale, the director now directly owns 4,000 shares in the company, valued at $150,320. The disclosure for this sale can be found here. Insiders have sold 183,236 shares of company stock worth $7,370,108 over the last three months. Insiders own 11.08% of the company’s stock.

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted 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 worth $140,493,000 after buying an additional 150,902 shares in the last quarter. Allianz Asset Management AG boosted its stake in Yelp by 32.5% in the fourth quarter. Allianz Asset Management AG now owns 2,557,984 shares of the local business review company’s stock worth $97,536,000 after buying an additional 626,934 shares in the last quarter. Criterion Capital Management LLC boosted its stake in Yelp by 68.0% in the third quarter. Criterion Capital Management LLC now owns 1,817,516 shares of the local business review company’s stock worth $75,790,000 after buying an additional 735,863 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Yelp by 13.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,691,992 shares of the local business review company’s stock worth $70,556,000 after buying an additional 202,399 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its stake in Yelp by 1.6% in the second quarter. Macquarie Group Ltd. now owns 1,450,951 shares of the local business review company’s stock worth $44,051,000 after buying an additional 22,868 shares in the last quarter. 74.24% of the stock is currently owned by institutional investors.

Yelp Company Profile

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.

5 Day Chart for NYSE:YELP

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