Shares of Yelp Inc. (NYSE:YELP – Get Free Report) have been assigned a consensus rating of “Reduce” from the seven analysts that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $26.57.
YELP has been the topic of a number of recent research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Yelp in a report on Friday, August 7th. JPMorgan Chase & Co. began coverage on Yelp in a research report on Friday, September 11th. They issued an “underweight” rating and a $19.00 price target on the stock.
Read Our Latest Research Report on YELP
Yelp Price Performance
Yelp (NYSE:YELP – Get Free Report) last issued its earnings results on Thursday, August 6th. The local business review company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.21. Yelp had a net margin of 8.59% and a return on equity of 19.52%. The firm had revenue of $375.52 million for the quarter, compared to analysts’ expectations of $366.89 million. During the same quarter last year, the business earned $0.67 earnings per share. The business’s revenue was up 1.4% on a year-over-year basis. Research analysts anticipate that Yelp will post 1.83 earnings per share for the current year.
Insiders Place Their Bets
In other Yelp news, CFO David Schwarzbach sold 8,809 shares of the business’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $23.19, for a total value of $204,280.71. Following the sale, the chief financial officer directly owned 180,466 shares of the company’s stock, valued at approximately $4,185,006.54. The trade was a 4.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Alexander Coleman Levy sold 3,829 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $23.40, for a total transaction of $89,598.60. Following the completion of the transaction, the chief technology officer owned 54,124 shares in the company, valued at approximately $1,266,501.60. The trade was a 6.61% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 13,138 shares of company stock valued at $304,949 in the last quarter. 8.30% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in YELP. Dimensional Fund Advisors LP lifted its stake in shares of Yelp by 20.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,683,927 shares of the local business review company’s stock valued at $66,402,000 after buying an additional 457,261 shares in the last quarter. River Road Asset Management LLC raised its holdings in Yelp by 1.4% during the fourth quarter. River Road Asset Management LLC now owns 1,161,711 shares of the local business review company’s stock valued at $35,304,000 after acquiring an additional 15,849 shares during the period. Jupiter Asset Management Ltd. raised its holdings in Yelp by 4.3% during the fourth quarter. Jupiter Asset Management Ltd. now owns 884,522 shares of the local business review company’s stock valued at $26,881,000 after acquiring an additional 36,528 shares during the period. OP Asset Management Ltd purchased a new position in shares of Yelp in the first quarter valued at about $14,796,000. Finally, Bank of America Corp DE boosted its stake in shares of Yelp by 73.8% in the first quarter. Bank of America Corp DE now owns 562,739 shares of the local business review company’s stock worth $13,922,000 after acquiring an additional 238,993 shares during the period. 90.11% of the stock is owned by hedge funds and other institutional investors.
Yelp Company Profile
Yelp Inc operates an online platform that connects consumers with local businesses. Through its website and mobile applications, Yelp provides user-generated reviews, ratings, photos and other information about businesses across categories such as restaurants, home services, beauty and fitness, automotive, health and professional services.
The company generates revenue primarily by offering businesses advertising and other marketing products designed to help them reach consumers searching for local services.
Read More
- Five stocks we like better than Yelp
- CarMax Just Gave Investors a Better Reason to Believe in the Turnaround
- CoreWeave Comes With Risks: Analysts Split on What Matters Most
- Bottlenecking the Future: TSMC Prices Out the Competition
- Fervo Energy Hits Geothermal Milestone: Will It Matter For The Stock?
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.
