Zacks Investment Research lowered shares of Yelp (NYSE:YELP) from a hold rating to a strong sell rating in a report released on Saturday morning.

According to Zacks, “Yelp, Inc. is a website engaged in providing information through online community offering social networking. It covers restaurants, shopping, nightlife, financial services, health and a variety of services. The company serves customers in the United States, Canada, the United Kingdom, Ireland, France, Germany, Austria, the Netherlands, Spain, Italy, Switzerland and Belgium. Yelp, Inc. is headquartered in San Francisco, California. “

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Several other research analysts have also recently issued reports on YELP. JPMorgan Chase raised their price objective on Yelp from $52.00 to $55.00 and gave the stock an overweight rating in a research note on Monday, December 18th. Bank of America raised their price objective on Yelp from $52.00 to $55.00 and gave the stock a buy rating in a research note on Wednesday, January 24th. ValuEngine cut Yelp from a hold rating to a sell rating in a research note on Friday, February 2nd. B. Riley restated a neutral rating on shares of Yelp in a research note on Tuesday, February 6th. Finally, Stifel Nicolaus reduced their price objective on Yelp from $40.00 to $38.00 and set a hold rating for the company in a research note on Thursday, February 8th. Four equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fifteen have assigned a buy rating to the company. The company has a consensus rating of Hold and an average price target of $43.58.

Shares of NYSE:YELP opened at $44.17 on Friday. Yelp has a 52-week low of $26.93 and a 52-week high of $48.40. The stock has a market capitalization of $3,639.47, a PE ratio of 631.00, a PEG ratio of 15.09 and a beta of 1.12.

Yelp (NYSE:YELP) last announced its quarterly earnings data on Wednesday, February 7th. The local business review company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.16. Yelp had a return on equity of 0.23% and a net margin of 18.05%. The firm had revenue of $218.25 million during the quarter, compared to analysts’ expectations of $215.12 million. research analysts anticipate that Yelp will post 0.11 EPS for the current year.

In other Yelp news, Director Geoffrey L. Donaker sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $43.45, for a total value of $260,700.00. Following the sale, the director now directly owns 9,590 shares of the company’s stock, valued at $416,685.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeremy Stoppelman sold 13,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $41.01, for a total value of $533,130.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 173,000 shares of company stock worth $7,443,985. 10.10% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Slow Capital Inc. acquired a new stake in Yelp in the fourth quarter valued at approximately $163,000. Oppenheimer Asset Management Inc. boosted its stake in shares of Yelp by 28,585.7% in the third quarter. Oppenheimer Asset Management Inc. now owns 4,016 shares of the local business review company’s stock worth $174,000 after acquiring an additional 4,002 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Yelp by 46.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,240 shares of the local business review company’s stock worth $178,000 after acquiring an additional 1,337 shares during the last quarter. Suntrust Banks Inc. acquired a new stake in shares of Yelp in the fourth quarter worth approximately $253,000. Finally, Parametrica Management Ltd acquired a new stake in shares of Yelp in the fourth quarter worth approximately $289,000. 87.82% of the stock is currently owned by institutional investors.

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Yelp Company Profile

Yelp Inc operates a platform that connects people with local businesses in the United States, Canada, and internationally. The company's platform covers various local business categories, including restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others.

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