Yelp (NYSE:YELP) had its price objective hoisted by Stifel Nicolaus from $40.00 to $42.00 in a research note issued to investors on Thursday, August 9th, MarketBeat Ratings reports. Stifel Nicolaus currently has a hold rating on the local business review companys stock.
A number of other equities research analysts have also recently commented on the company. Zacks Investment Research cut Yelp from a hold rating to a strong sell rating in a report on Saturday, April 14th. ValuEngine raised Yelp from a sell rating to a hold rating in a report on Tuesday, May 1st. JPMorgan Chase & Co. raised their price target on Yelp from $51.00 to $53.00 and gave the company an overweight rating in a report on Friday, May 11th. Aegis cut Yelp from a buy rating to a hold rating and reduced their target price for the stock from $46.00 to $45.00 in a report on Friday, May 11th. Finally, Credit Suisse Group lifted their target price on Yelp from $55.00 to $60.00 and gave the stock an outperform rating in a report on Friday, May 11th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of Hold and an average target price of $48.13.
Shares of Yelp stock traded up $0.30 on Thursday, reaching $47.12. The companys stock had a trading volume of 849,653 shares, compared to its average volume of 3,836,578. The firm has a market cap of $3.92 billion, a price-to-earnings ratio of 673.14, a PEG ratio of 8.50 and a beta of 0.96. Yelp has a 52 week low of $36.42 and a 52 week high of $51.33.
Yelp (NYSE:YELP) last released its quarterly earnings results on Wednesday, August 8th. The local business review company reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks consensus estimate of ($0.02) by $0.14. The firm had revenue of $234.90 million for the quarter, compared to the consensus estimate of $232.26 million. Yelp had a return on equity of 0.74% and a net margin of 17.64%. The companys revenue for the quarter was up 11.9% on a year-over-year basis. During the same period last year, the business posted $0.25 EPS. research analysts expect that Yelp will post 0.28 earnings per share for the current fiscal year.
In related news, COO Joseph R. Nachman sold 10,500 shares of the businesss stock in a transaction that occurred on Thursday, July 26th. The stock was sold at an average price of $40.00, for a total value of $420,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Geoffrey L. Donaker sold 6,000 shares of the companys stock in a transaction on Tuesday, June 5th. The stock was sold at an average price of $43.49, for a total value of $260,940.00. Following the sale, the director now owns 10,055 shares of the companys stock, valued at approximately $437,291.95. The disclosure for this sale can be found here. Insiders sold 219,803 shares of company stock valued at $9,416,085 in the last quarter. 9.00% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp increased its position in shares of Yelp by 11.3% during the second quarter. Bank of New York Mellon Corp now owns 370,598 shares of the local business review companys stock worth $14,520,000 after purchasing an additional 37,729 shares in the last quarter. Verition Fund Management LLC acquired a new position in shares of Yelp during the second quarter worth $564,000. Jafra Capital Management LP acquired a new position in shares of Yelp during the second quarter worth $1,450,000. Pacific Grove Capital LP acquired a new position in shares of Yelp during the second quarter worth $1,567,000. Finally, Metropolitan Life Insurance Co. NY increased its position in shares of Yelp by 7.2% during the second quarter. Metropolitan Life Insurance Co. NY now owns 26,363 shares of the local business review companys stock worth $1,033,000 after purchasing an additional 1,760 shares in the last quarter. Institutional investors own 95.25% of the companys stock.
This article provided by NewsEdge.