Yelp (NYSE:YELP) Price Target Cut to $30.00 by Analysts at JPMorgan Chase & Co.

Yelp (NYSE:YELP) had its target price lowered by JPMorgan Chase & Co. from $33.00 to $30.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the local business review company’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 3.31% from the company’s current price.

Several other analysts also recently commented on the stock. Bank of America reduced their price objective on shares of Yelp from $31.00 to $30.00 and set an “underperform” rating for the company in a research report on Friday, August 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of Yelp in a research note on Tuesday, October 14th. The Goldman Sachs Group set a $33.00 price target on shares of Yelp in a research note on Tuesday, October 14th. Wall Street Zen lowered shares of Yelp from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Zacks Research downgraded Yelp from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $32.20.

Yelp Stock Up 0.4%

Yelp stock traded up $0.13 during trading hours on Monday, reaching $29.04. 774,845 shares of the company’s stock were exchanged, compared to its average volume of 824,791. The firm’s 50 day simple moving average is $31.97 and its 200 day simple moving average is $33.99. Yelp has a twelve month low of $27.91 and a twelve month high of $41.72. The firm has a market capitalization of $1.83 billion, a PE ratio of 13.12, a PEG ratio of 0.81 and a beta of 0.99.

Yelp (NYSE:YELP) last announced its earnings results on Thursday, November 6th. The local business review company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.47 by $0.14. The company had revenue of $376.04 million for the quarter, compared to analyst estimates of $368.39 million. Yelp had a return on equity of 20.17% and a net margin of 10.28%.The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.56 EPS. Yelp has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts anticipate that Yelp will post 2.22 EPS for the current year.

Insider Transactions at Yelp

In other Yelp news, CFO David A. Schwarzbach sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $33.58, for a total transaction of $335,800.00. Following the completion of the sale, the chief financial officer directly owned 160,196 shares of the company’s stock, valued at approximately $5,379,381.68. The trade was a 5.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Carmen Amara sold 1,500 shares of the stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $33.04, for a total value of $49,560.00. Following the completion of the sale, the insider directly owned 82,566 shares of the company’s stock, valued at approximately $2,727,980.64. This trade represents a 1.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 39,100 shares of company stock valued at $1,254,036 over the last three months. Corporate insiders own 8.00% of the company’s stock.

Institutional Investors Weigh In On Yelp

Several institutional investors have recently bought and sold shares of YELP. Bfsg LLC boosted its holdings in Yelp by 110.3% during the 3rd quarter. Bfsg LLC now owns 839 shares of the local business review company’s stock worth $26,000 after acquiring an additional 440 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Yelp during the second quarter worth about $28,000. MAI Capital Management grew its position in Yelp by 1,102.0% in the 2nd quarter. MAI Capital Management now owns 1,202 shares of the local business review company’s stock worth $41,000 after purchasing an additional 1,102 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Yelp in the 1st quarter worth about $52,000. Finally, Strs Ohio purchased a new stake in Yelp in the 1st quarter valued at about $56,000. Institutional investors own 90.11% of the company’s stock.

Yelp Company Profile

Yelp Inc operates a platform that connects consumers with local businesses in the United States and internationally. The company's platform covers various categories, including restaurants, shopping, beauty and fitness, health, and other categories, as well as home, local, auto, professional, pets, events, real estate, and financial services.