SunTrust Banks Analysts Give Yelp (YELP) a $50.00 Price Target
A number of other equities research analysts have also recently commented on the stock. Zacks Investment Research cut shares of Yelp from a buy rating to a hold rating in a research report on Thursday, November 16th. Goldman Sachs Group restated a neutral rating and set a $42.00 price target on shares of Yelp in a research note on Wednesday, October 11th. KeyCorp restated a buy rating and set a $54.00 price target on shares of Yelp in a research note on Tuesday, October 17th. Needham & Company LLC restated a buy rating and set a $49.00 price target on shares of Yelp in a research note on Thursday, November 2nd. Finally, JPMorgan Chase & Co. upped their price target on shares of Yelp from $52.00 to $55.00 and gave the company an overweight rating in a research note on Monday, December 18th. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $43.55.
Yelp (NYSE YELP) traded down $0.83 during trading hours on Thursday, reaching $37.80. 1,208,348 shares of the company were exchanged, compared to its average volume of 1,698,494. Yelp has a 12 month low of $26.93 and a 12 month high of $48.40. The stock has a market capitalization of $3,725.03, a PE ratio of 22.46, a price-to-earnings-growth ratio of 4.20 and a beta of 1.14.
Several institutional investors and hedge funds have recently made changes to their positions in YELP. Prudential Financial Inc. acquired a new stake in shares of Yelp during the second quarter valued at about $249,000. BlackRock Inc. grew its holdings in shares of Yelp by 84.9% in the second quarter. BlackRock Inc. now owns 5,232,684 shares of the local business review company’s stock valued at $157,084,000 after purchasing an additional 2,403,240 shares in the last quarter. ProShare Advisors LLC acquired a new position in shares of Yelp in the second quarter valued at approximately $215,000. Northern Trust Corp grew its holdings in shares of Yelp by 171.3% in the second quarter. Northern Trust Corp now owns 968,313 shares of the local business review company’s stock valued at $29,069,000 after purchasing an additional 611,461 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Yelp by 4.1% in the second quarter. Vanguard Group Inc. now owns 5,935,362 shares of the local business review company’s stock worth $178,180,000 after acquiring an additional 231,754 shares during the last quarter. Institutional investors and hedge funds own 86.09% of the company’s stock.
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.
Receive News & Ratings for Yelp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yelp and related companies with MarketBeat.com's FREE daily email newsletter.