Yelp (NYSE:YELP) had its target price hoisted by DA Davidson to $48.00 in a research report report published on Thursday morning, The Fly reports. They currently have a buy rating on the local business review company’s stock.

A number of other analysts also recently weighed in on the stock. Morgan Stanley downgraded shares of Yelp from an equal weight rating to an underweight rating and reduced their target price for the stock from $31.00 to $29.00 in a report on Thursday, January 10th. Needham & Company LLC initiated coverage on shares of Yelp in a report on Tuesday, January 8th. They issued a hold rating on the stock. ValuEngine downgraded shares of Yelp from a hold rating to a sell rating in a report on Saturday, November 10th. Goldman Sachs Group assumed coverage on shares of Yelp in a report on Monday, February 4th. They set a buy rating and a $42.00 price target on the stock. Finally, SunTrust Banks reiterated a hold rating on shares of Yelp in a report on Monday, December 10th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the stock. Yelp presently has an average rating of Hold and a consensus price target of $39.52.

Yelp stock opened at $39.94 on Thursday. Yelp has a twelve month low of $29.33 and a twelve month high of $52.50. The stock has a market capitalization of $3.32 billion, a PE ratio of 88.76, a price-to-earnings-growth ratio of 3.07 and a beta of 1.05.

Yelp (NYSE:YELP) last posted its earnings results on Wednesday, February 13th. The local business review company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.07. Yelp had a net margin of 5.87% and a return on equity of 3.64%. The firm had revenue of $243.70 million for the quarter, compared to the consensus estimate of $241.11 million. During the same period in the previous year, the firm posted $0.19 EPS. The business’s quarterly revenue was up 11.1% on a year-over-year basis. On average, research analysts anticipate that Yelp will post 0.68 earnings per share for the current year.

In other Yelp news, Director Geoffrey L. Donaker sold 2,000 shares of the company’s stock in a transaction dated Tuesday, November 20th. The shares were sold at an average price of $30.37, for a total value of $60,740.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Alan Ramsay sold 6,355 shares of the company’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $31.20, for a total transaction of $198,276.00. Following the completion of the transaction, the insider now owns 28,879 shares in the company, valued at $901,024.80. The disclosure for this sale can be found here. Insiders have sold a total of 32,611 shares of company stock worth $1,112,557 over the last quarter. 9.00% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc grew its stake in Yelp by 0.6% in the 3rd quarter. Vanguard Group Inc now owns 6,889,974 shares of the local business review company’s stock worth $338,987,000 after acquiring an additional 42,759 shares in the last quarter. Janus Henderson Group PLC grew its stake in Yelp by 31.3% in the 3rd quarter. Janus Henderson Group PLC now owns 6,910 shares of the local business review company’s stock worth $340,000 after acquiring an additional 1,646 shares in the last quarter. Macquarie Group Ltd. grew its stake in Yelp by 15.3% in the 3rd quarter. Macquarie Group Ltd. now owns 1,274,593 shares of the local business review company’s stock worth $62,710,000 after acquiring an additional 168,930 shares in the last quarter. Retirement Systems of Alabama purchased a new stake in shares of Yelp in the 4th quarter worth approximately $8,297,000. Finally, Verition Fund Management LLC lifted its position in shares of Yelp by 149.7% in the 3rd quarter. Verition Fund Management LLC now owns 35,934 shares of the local business review company’s stock worth $1,768,000 after purchasing an additional 21,545 shares during the period. Institutional investors and hedge funds own 91.53% 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.

Featured Story: How Do You Calculate Return on Equity (ROE)?

The Fly

Analyst Recommendations for Yelp (NYSE:YELP)

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.