Shares of Yelp Inc (NYSE:YELP) have earned an average recommendation of “Hold” from the twenty-five ratings firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $41.50.

YELP has been the subject of a number of analyst reports. Stifel Nicolaus raised their target price on shares of Yelp from $40.00 to $42.00 and gave the company a “hold” rating in a research note on Thursday, August 9th. Zacks Investment Research cut shares of Yelp from a “buy” rating to a “hold” rating in a report on Friday, September 28th. Cowen set a $39.00 price target on shares of Yelp and gave the company a “hold” rating in a report on Friday, November 9th. KeyCorp reiterated a “hold” rating on shares of Yelp in a report on Thursday, August 9th. Finally, Deutsche Bank cut shares of Yelp from a “buy” rating to a “hold” rating and cut their price target for the company from $64.00 to $34.00 in a report on Friday, November 9th.

YELP stock traded down $1.58 during trading on Friday, reaching $33.72. The company had a trading volume of 1,468,342 shares, compared to its average volume of 4,151,394. Yelp has a 52 week low of $29.33 and a 52 week high of $52.50. The company has a market cap of $2.80 billion, a P/E ratio of 481.71, a PEG ratio of 4.01 and a beta of 1.30.

Yelp (NYSE:YELP) last released its quarterly earnings results on Thursday, November 8th. The local business review company reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.09. Yelp had a net margin of 18.04% and a return on equity of 1.34%. The company had revenue of $241.10 million during the quarter, compared to the consensus estimate of $245.55 million. During the same period in the prior year, the firm earned $0.29 earnings per share. Yelp’s revenue was up 8.0% on a year-over-year basis. As a group, equities research analysts anticipate that Yelp will post 0.37 earnings per share for the current year.

In related news, Director Geoffrey L. Donaker sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $45.02, for a total value of $90,040.00. Following the sale, the director now owns 8,055 shares in the company, valued at $362,636.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeremy Stoppelman sold 13,000 shares of Yelp stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $44.69, for a total transaction of $580,970.00. The disclosure for this sale can be found here. Insiders sold 185,355 shares of company stock worth $8,149,431 in the last 90 days. 9.00% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of YELP. Steward Partners Investment Advisory LLC bought a new stake in shares of Yelp during the 3rd quarter valued at $194,000. Janus Henderson Group PLC bought a new stake in Yelp in the 2nd quarter valued at $206,000. Ibex Investors LLC bought a new stake in Yelp in the 3rd quarter valued at $206,000. Hartford Investment Management Co. bought a new stake in Yelp in the 3rd quarter valued at $232,000. Finally, Gideon Capital Advisors Inc. bought a new stake in Yelp in the 2nd quarter valued at $245,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

About Yelp

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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