Yelp (YELP) Earning Somewhat Favorable News Coverage, Study Shows
Media coverage about Yelp (NYSE:YELP) has been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Yelp earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news coverage about the local business review company an impact score of 45.443578650797 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern’s rankings:
- Insider Selling: Yelp Inc. (YELP) CEO Sells 13,000 Shares of Stock (americanbankingnews.com)
- CA State Senator Scott Wiener Visits Yelp (yelpblog.com)
- Cramer: Why the Yelp-GrubHub partnership is a match made in heaven (cnbc.com)
- Crosslink Capital Inc Buys Oracle Corp, Zendesk Inc, Applied Materials Inc, Sells Coupa Software Inc, Yelp Inc … – GuruFocus.com (gurufocus.com)
- Alipay connects with Yelp – Finextra (finextra.com)
Several analysts have recently commented on YELP shares. Zacks Investment Research upgraded shares of Yelp from a “sell” rating to a “hold” rating and set a $48.00 price target on the stock in a research report on Tuesday, August 8th. Cowen and Company restated a “market perform” rating and set a $38.00 target price (up previously from $33.00) on shares of Yelp in a research report on Wednesday, August 9th. B. Riley restated a “neutral” rating and set a $36.00 target price on shares of Yelp in a research report on Wednesday, August 9th. UBS AG reaffirmed a “sell” rating and set a $30.00 price target (up previously from $28.00) on shares of Yelp in a research note on Wednesday, August 9th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $37.00 price target (up previously from $26.00) on shares of Yelp in a research note on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eighteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $37.95.
Yelp (NYSE YELP) opened at 41.43 on Friday. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 262.22 and a beta of 1.48. Yelp has a 12-month low of $26.93 and a 12-month high of $43.41. The stock has a 50 day moving average of $34.42 and a 200 day moving average of $33.40.
Yelp (NYSE:YELP) last announced its quarterly earnings results on Thursday, August 3rd. The local business review company reported $0.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.12. The firm had revenue of $209.90 million for the quarter, compared to analyst estimates of $204.89 million. Yelp had a net margin of 1.67% and a return on equity of 1.60%. The business’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.16 EPS. Equities research analysts anticipate that Yelp will post $0.07 earnings per share for the current year.
Yelp announced that its Board of Directors has initiated a stock buyback plan on Thursday, August 3rd that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the local business review company to reacquire up to 7.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
In other Yelp news, CFO Charles Baker sold 12,176 shares of the business’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $28.23, for a total value of $343,728.48. Following the sale, the chief financial officer now owns 116,862 shares of the company’s stock, valued at approximately $3,299,014.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Laurence Wilson sold 3,128 shares of the business’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $28.23, for a total transaction of $88,303.44. Following the completion of the sale, the senior vice president now directly owns 181,947 shares in the company, valued at approximately $5,136,363.81. The disclosure for this sale can be found here. Insiders sold a total of 148,251 shares of company stock worth $5,488,625 in the last three months. Insiders own 10.10% of the company’s stock.
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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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