Yelp (NYSE:YELP) had its price target dropped by investment analysts at Stifel Nicolaus from $40.00 to $38.00 in a report released on Thursday, Marketbeat reports. The brokerage currently has a “hold” rating on the local business review company’s stock. Stifel Nicolaus’ target price points to a potential downside of 0.76% from the stock’s previous close.

A number of other analysts have also recently weighed in on YELP. Robert W. Baird boosted their price objective on shares of Yelp from $37.00 to $44.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. B. Riley restated a “neutral” rating on shares of Yelp in a research note on Tuesday. ValuEngine cut shares of Yelp from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded shares of Yelp from a “sell” rating to a “hold” rating in a research note on Saturday, January 27th. Finally, Credit Suisse Group boosted their price objective on shares of Yelp from $48.00 to $51.00 and gave the stock an “outperform” rating in a research note on Thursday, November 2nd. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $43.55.

Shares of Yelp (NYSE:YELP) opened at $38.29 on Thursday. Yelp has a one year low of $26.93 and a one year high of $48.40. The firm has a market cap of $3,170.00, a price-to-earnings ratio of 22.26, a PEG ratio of 4.20 and a beta of 1.14.

In other Yelp news, CEO Jeremy Stoppelman sold 13,000 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $44.37, for a total value of $576,810.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Geoffrey L. Donaker sold 6,000 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $41.09, for a total transaction of $246,540.00. Following the completion of the sale, the director now directly owns 9,590 shares in the company, valued at approximately $394,053.10. The disclosure for this sale can be found here. Insiders have sold 257,085 shares of company stock worth $11,338,738 in the last ninety days. 10.10% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. Suntrust Banks Inc. bought a new stake in Yelp in the 4th quarter valued at $253,000. American International Group Inc. increased its holdings in Yelp by 3.4% in the 4th quarter. American International Group Inc. now owns 53,842 shares of the local business review company’s stock valued at $2,259,000 after buying an additional 1,747 shares during the period. UBS Asset Management Americas Inc. increased its holdings in Yelp by 7.1% in the 4th quarter. UBS Asset Management Americas Inc. now owns 55,469 shares of the local business review company’s stock valued at $2,327,000 after buying an additional 3,654 shares during the period. BlackRock Inc. increased its holdings in Yelp by 10.4% in the 4th quarter. BlackRock Inc. now owns 5,533,628 shares of the local business review company’s stock valued at $232,190,000 after buying an additional 521,218 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Yelp by 3.4% in the 4th quarter. Bank of New York Mellon Corp now owns 327,492 shares of the local business review company’s stock valued at $13,741,000 after buying an additional 10,892 shares during the period. 86.09% 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.

Analyst Recommendations for Yelp (NYSE:YELP)

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