Shares of Yelp Inc. (NYSE:YELP) have been given an average rating of “Hold” by the thirty-six research firms that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $35.38.

A number of research analysts have commented on YELP shares. Macquarie reiterated an “outperform” rating and set a $47.00 price target on shares of Yelp in a research report on Tuesday, March 14th. Vetr upgraded shares of Yelp from a “hold” rating to a “buy” rating and set a $36.94 target price on the stock in a report on Wednesday, May 3rd. Goldman Sachs Group, Inc. (The) upgraded shares of Yelp from a “neutral” rating to a “buy” rating and cut their target price for the stock from $42.00 to $34.00 in a report on Wednesday, May 10th. They noted that the move was a valuation call. Cantor Fitzgerald restated a “buy” rating and issued a $46.00 target price on shares of Yelp in a report on Friday, May 5th. Finally, Deutsche Bank AG cut their target price on shares of Yelp from $52.00 to $36.00 and set a “buy” rating on the stock in a report on Wednesday, May 10th.

Yelp (NYSE YELP) opened at 29.96 on Friday. Yelp has a 52-week low of $26.35 and a 52-week high of $43.41. The company’s 50-day moving average is $30.15 and its 200-day moving average is $34.76. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 404.86 and a beta of 1.66.

Yelp (NYSE:YELP) last issued its quarterly earnings results on Tuesday, May 9th. The local business review company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. Yelp had a net margin of 0.80% and a return on equity of 0.77%. The business had revenue of $197.32 million for the quarter, compared to analysts’ expectations of $198.51 million. During the same period last year, the business earned $0.08 earnings per share. The business’s quarterly revenue was up 24.4% on a year-over-year basis. On average, analysts expect that Yelp will post ($0.08) earnings per share for the current fiscal year.

In other news, COO Joseph R. Nachman sold 3,500 shares of Yelp stock in a transaction dated Thursday, April 27th. The stock was sold at an average price of $35.99, for a total transaction of $125,965.00. Following the transaction, the chief operating officer now directly owns 141,404 shares of the company’s stock, valued at approximately $5,089,129.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Laurence Wilson sold 3,128 shares of Yelp stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $28.23, for a total value of $88,303.44. Following the transaction, the senior vice president now directly owns 181,947 shares in the company, valued at $5,136,363.81. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 71,121 shares of company stock valued at $2,207,506. Corporate insiders own 11.08% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System boosted its position in Yelp by 0.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 97,398 shares of the local business review company’s stock worth $3,714,000 after buying an additional 313 shares during the last quarter. Teacher Retirement System of Texas boosted its position in Yelp by 11.8% in the first quarter. Teacher Retirement System of Texas now owns 6,167 shares of the local business review company’s stock worth $202,000 after buying an additional 653 shares during the last quarter. Millie Capital Management LLC boosted its position in Yelp by 1.2% in the first quarter. Millie Capital Management LLC now owns 64,378 shares of the local business review company’s stock worth $2,108,000 after buying an additional 775 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its position in Yelp by 11.4% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 7,696 shares of the local business review company’s stock worth $293,000 after buying an additional 789 shares during the last quarter. Finally, United Capital Financial Advisers LLC boosted its position in Yelp by 12.7% in the first quarter. United Capital Financial Advisers LLC now owns 11,447 shares of the local business review company’s stock worth $375,000 after buying an additional 1,292 shares during the last quarter. 90.69% of the stock is currently owned by hedge funds and other institutional investors.

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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 offers local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences with other consumers by posting reviews, tips, photos and videos, and to engage directly with businesses, through reviews, its Request-A-Quote and Message the Business features, and by completing transactions on the Yelp Platform.

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