Somewhat Positive News Coverage Somewhat Unlikely to Affect Yelp (YELP) Stock Price
Media headlines about Yelp (NYSE:YELP) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Yelp earned a daily sentiment score of 0.23 on Accern’s scale. Accern also assigned news coverage about the local business review company an impact score of 45.6669345130642 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Insider Selling: Yelp Inc. (YELP) Director Sells 6,000 Shares of Stock (americanbankingnews.com)
- U.S. Rep. David Valadao visits Artsakh, reviews HALO Trust’s de-mining efforts (armradio.am)
- SonoSim, Inc. Ranks in Top 20 Fastest-Growing Education Companies on Inc. 5000 List (advfn.com)
- Uber reviews Asia business amid U.S. bribery probe: source (msn.com)
- Uber Reviews Asia Business Over Bribery Allegations in U.S.: Bloomberg (nytimes.com)
Yelp (NYSE:YELP) opened at 43.61 on Friday. The company has a market cap of $3.57 billion, a PE ratio of 276.01 and a beta of 1.41. Yelp has a 12-month low of $26.93 and a 12-month high of $44.25. The stock has a 50 day moving average of $41.55 and a 200-day moving average of $34.22.
Yelp (NYSE:YELP) last issued 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 Zacks’ consensus estimate of ($0.03) by $0.12. The firm had revenue of $209.90 million during the quarter, compared to the consensus estimate of $204.89 million. Yelp had a return on equity of 1.60% and a net margin of 1.67%. The company’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same quarter last year, the company posted $0.16 EPS. On average, equities research analysts anticipate that Yelp will post $0.07 earnings per share for the current fiscal year.
Yelp announced that its Board of Directors has initiated a share buyback plan on Thursday, August 3rd that allows the company to buyback $200.00 million in shares. This buyback authorization allows the local business review company to reacquire up to 7.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.
A number of equities analysts recently weighed in on the stock. KeyCorp restated a “buy” rating and set a $54.00 target price on shares of Yelp in a report on Wednesday, September 6th. BidaskClub downgraded shares of Yelp from a “buy” rating to a “hold” rating in a report on Thursday, September 14th. Jefferies Group LLC boosted their target price on shares of Yelp from $43.00 to $49.00 and gave the stock a “buy” rating in a report on Friday, August 25th. Zacks Investment Research upgraded shares of Yelp from a “sell” rating to a “hold” rating and set a $48.00 target price on the stock in a report on Tuesday, August 8th. Finally, Cowen and Company restated a “market perform” rating and set a $38.00 target price (up from $33.00) on shares of Yelp in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and nineteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $38.60.
In related news, SVP Laurence Wilson sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $42.00, for a total value of $420,000.00. Following the completion of the sale, the senior vice president now owns 191,947 shares in the company, valued at approximately $8,061,774. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Charles Baker sold 3,921 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $41.45, for a total value of $162,525.45. Following the completion of the sale, the chief financial officer now owns 112,941 shares of the company’s stock, valued at approximately $4,681,404.45. The disclosure for this sale can be found here. In the last quarter, insiders have sold 184,240 shares of company stock valued at $7,521,549. Corporate insiders own 10.10% of the company’s stock.
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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