Cowen set a $39.00 target price on Yelp (NYSE:YELP) in a research report sent to investors on Friday. The firm currently has a hold rating on the local business review company’s stock.

Several other analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Yelp from a buy rating to a hold rating in a research note on Friday, September 28th. Wedbush reissued an outperform rating and set a $60.00 price target on shares of Yelp in a report on Thursday, September 13th. Robert W. Baird boosted their price target on shares of Yelp from $44.00 to $45.00 and gave the company a neutral rating in a report on Thursday, August 9th. Royal Bank of Canada boosted their price target on shares of Yelp to $62.00 and gave the company an outperform rating in a report on Monday, September 17th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Yelp to $57.00 and gave the company an overweight rating in a report on Thursday, August 9th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the stock. Yelp presently has an average rating of Hold and a consensus price target of $42.45.

YELP stock traded down $11.57 during trading on Friday, hitting $31.93. 25,345,839 shares of the company’s stock traded hands, compared to its average volume of 1,450,994. Yelp has a 52 week low of $29.33 and a 52 week high of $52.50. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of 498.22, a PEG ratio of 7.52 and a beta of 1.29.

Yelp (NYSE:YELP) last released its earnings results on Thursday, November 8th. The local business review company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.09. Yelp had a net margin of 17.64% and a return on equity of 0.74%. The firm had revenue of $241.10 million during the quarter, compared to analyst estimates of $245.55 million. During the same quarter in the previous year, the firm earned $0.29 earnings per share. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, equities research analysts predict that Yelp will post 0.3 earnings per share for the current fiscal year.

In related news, Director Geoffrey L. Donaker sold 2,000 shares of the company’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $44.74, for a total value of $89,480.00. Following the completion of the sale, the director now owns 8,055 shares of the company’s stock, valued at $360,380.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeremy Stoppelman sold 13,000 shares of the company’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $47.00, for a total transaction of $611,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 223,500 shares of company stock valued at $10,135,885. Corporate insiders own 9.00% of the company’s stock.

A number of hedge funds have recently bought and sold shares of YELP. Steward Partners Investment Advisory LLC acquired a new stake in Yelp in the third quarter worth about $194,000. Janus Henderson Group PLC acquired a new stake in Yelp in the second quarter worth about $206,000. Hartford Investment Management Co. acquired a new stake in Yelp in the third quarter worth about $232,000. Gideon Capital Advisors Inc. acquired a new stake in Yelp in the second quarter worth about $245,000. Finally, Brasada Capital Management LP lifted its holdings in Yelp by 833.3% in the third quarter. Brasada Capital Management LP now owns 5,600 shares of the local business review company’s stock worth $276,000 after purchasing an additional 5,000 shares during the period. 86.05% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Yelp (NYSE:YELP)

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