Robert W. Baird restated their neutral rating on shares of Yelp Inc. (NYSE:YELP) in a report published on Thursday morning. The firm currently has a $40.00 target price on the local business review company’s stock.

YELP has been the topic of a number of other research reports. RBC Capital Markets set a $55.00 price objective on Yelp and gave the company a buy rating in a report on Monday, February 6th. Zacks Investment Research lowered Yelp from a hold rating to a sell rating in a report on Thursday, October 20th. Roth Capital set a $30.00 price objective on Yelp and gave the company a sell rating in a report on Tuesday, February 7th. Deutsche Bank AG restated a buy rating on shares of Yelp in a report on Tuesday, November 1st. Finally, Vetr upgraded Yelp from a buy rating to a strong-buy rating and set a $43.44 price objective on the stock in a report on Thursday, December 22nd. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Buy and a consensus target price of $40.20.

Analyst Recommendations for Yelp (NYSE:YELP)

Yelp (NYSE:YELP) opened at 34.77 on Thursday. Yelp has a 12-month low of $17.62 and a 12-month high of $43.41. The stock has a 50 day moving average of $40.19 and a 200-day moving average of $37.86. The company’s market capitalization is $2.74 billion.

Yelp (NYSE:YELP) last announced its quarterly earnings data on Thursday, February 9th. The local business review company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.24. The company had revenue of $194.50 million for 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 firm’s revenue for the quarter was up 26.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.11 EPS. Equities analysts expect that Yelp will post $0.08 earnings per share for the current year.

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In other Yelp news, Director Geoffrey L. Donaker sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 7th. The stock was sold at an average price of $41.93, for a total value of $251,580.00. Following the completion of the sale, the director now owns 11,079 shares in the company, valued at $464,542.47. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Jeremy Stoppelman sold 13,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 27th. The shares were sold at an average price of $40.00, for a total value of $520,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 183,236 shares of company stock valued at $7,370,108. 11.08% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of YELP. BlackRock Inc. boosted its stake in shares of Yelp by 86.4% in the third quarter. BlackRock Inc. now owns 128,923 shares of the local business review company’s stock worth $5,376,000 after buying an additional 59,771 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Yelp by 156.7% in the third quarter. TIAA CREF Investment Management LLC now owns 507,684 shares of the local business review company’s stock worth $21,170,000 after buying an additional 309,884 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of 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. G2 Investment Partners Management LLC boosted its stake in shares of Yelp by 46.1% in the third quarter. G2 Investment Partners Management LLC now owns 90,021 shares of the local business review company’s stock worth $3,754,000 after buying an additional 28,405 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Yelp by 5.3% in the third quarter. Daiwa Securities Group Inc. now owns 76,394 shares of the local business review company’s stock worth $3,185,000 after buying an additional 3,857 shares in the last quarter. Institutional investors own 74.24% of the company’s stock.

About Yelp

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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