JPMorgan Chase & Co. Cuts Yelp (NYSE:YELP) Price Target to $30.00

Yelp (NYSE:YELP) had its target price decreased by JPMorgan Chase & Co. from $33.00 to $30.00 in a report issued on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the local business review company’s stock.

YELP has been the subject of several other research reports. Zacks Research cut shares of Yelp from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. The Goldman Sachs Group set a $33.00 price target on shares of Yelp in a research report on Tuesday, October 14th. Wall Street Zen downgraded Yelp from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Bank of America reduced their target price on Yelp from $31.00 to $30.00 and set an “underperform” rating for the company in a research report on Friday, August 8th. Finally, Evercore ISI decreased their target price on Yelp from $45.00 to $38.00 and set an “outperform” rating on the stock in a research note on Monday. One analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Yelp presently has an average rating of “Reduce” and a consensus price target of $32.20.

Yelp Stock Performance

Shares of YELP opened at $29.73 on Monday. The stock’s 50-day simple moving average is $31.85 and its 200 day simple moving average is $33.88. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 13.45, a price-to-earnings-growth ratio of 0.81 and a beta of 0.99. Yelp has a 52-week low of $27.91 and a 52-week high of $41.72.

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

Insider Buying and Selling at Yelp

In other Yelp news, CFO David A. Schwarzbach sold 10,000 shares of Yelp stock in a transaction dated 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 owned 160,196 shares of the company’s stock, valued at $5,379,381.68. The trade was a 5.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Craig Saldanha sold 1,200 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $32.98, for a total value of $39,576.00. Following the completion of the transaction, the insider owned 201,300 shares of the company’s stock, valued at $6,638,874. The trade was a 0.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 39,100 shares of company stock worth $1,254,036 over the last 90 days. Corporate insiders own 8.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of YELP. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Yelp in the 2nd quarter worth approximately $28,000. Bfsg LLC raised its position in Yelp by 110.3% in the 3rd quarter. Bfsg LLC now owns 839 shares of the local business review company’s stock worth $26,000 after purchasing an additional 440 shares during the period. MAI Capital Management lifted its stake in Yelp by 1,102.0% in the second 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 during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Yelp during the first quarter valued at about $52,000. Finally, Strs Ohio purchased a new stake in Yelp during the first quarter valued at about $56,000. 90.11% of the stock is currently owned by institutional investors.

About Yelp

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.