Yelp (YELP) Earns Hold Rating from Zacks Investment Research

Zacks Investment Research reiterated their hold rating on shares of Yelp (NYSE:YELP) in a research note issued to investors 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. “

Several other research firms have also weighed in on YELP. Piper Jaffray Companies reaffirmed an underweight rating and set a $37.00 target price (down from $38.00) on shares of Yelp in a report on Thursday, December 7th. Evercore ISI initiated coverage on shares of Yelp in a report on Tuesday, December 5th. They issued an in-line rating and a $46.00 price target for the company. Robert W. Baird boosted their price target on shares of Yelp from $37.00 to $44.00 and gave the stock a neutral rating in a report on Friday, November 3rd. JPMorgan Chase & Co. boosted their price target on shares of Yelp from $52.00 to $55.00 and gave the stock an overweight rating in a report on Monday, December 18th. Finally, KeyCorp reissued a buy rating and issued a $54.00 price target on shares of Yelp in a report on Thursday, November 2nd. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty have given a buy rating to the stock. The stock has an average rating of Hold and an average target price of $43.49.

Yelp (NYSE YELP) traded up $1.39 during trading hours on Friday, hitting $45.39. 2,540,493 shares of the stock traded hands, compared to its average volume of 849,667. The stock has a market cap of $3,762.33, a price-to-earnings ratio of 206.33, a price-to-earnings-growth ratio of 4.24 and a beta of 1.22. Yelp has a 52-week low of $26.93 and a 52-week high of $48.40.

Yelp (NYSE:YELP) last posted its earnings results on Wednesday, November 1st. The local business review company reported $0.29 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.30. The firm had revenue of $222.40 million during the quarter, compared to analyst estimates of $220.75 million. Yelp had a net margin of 2.31% and a return on equity of 2.20%. The business’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.22 EPS. sell-side analysts anticipate that Yelp will post 0.17 earnings per share for the current fiscal year.

In other news, CEO Jeremy Stoppelman sold 13,000 shares of the business’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $43.63, for a total transaction of $567,190.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Laurence Wilson sold 25,000 shares of the business’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $44.08, for a total transaction of $1,102,000.00. Following the transaction, the insider now directly owns 195,610 shares in the company, valued at approximately $8,622,488.80. The disclosure for this sale can be found here. Insiders have sold 339,956 shares of company stock valued at $15,157,798 in the last ninety days. Insiders own 10.10% of the company’s stock.

Several hedge funds have recently made changes to their positions in YELP. Russell Investments Group Ltd. boosted its position in shares of Yelp by 98.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,091 shares of the local business review company’s stock valued at $123,000 after acquiring an additional 2,033 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Yelp by 28,585.7% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 4,016 shares of the local business review company’s stock valued at $174,000 after acquiring an additional 4,002 shares during the last quarter. Commerzbank Aktiengesellschaft FI acquired a new position in shares of Yelp during the 3rd quarter valued at about $204,000. Ameritas Investment Partners Inc. acquired a new position in shares of Yelp during the 2nd quarter valued at about $205,000. Finally, ProShare Advisors LLC acquired a new position in shares of Yelp during the 2nd quarter valued at about $215,000. 85.69% of the stock is currently owned by hedge funds and other institutional investors.

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About Yelp

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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