Stock inside Investors Spotlight: Yelp Inc.'s (YELP)
- Author: Eleanor Harrison May 12, 2017,
May 12, 2017, 2:15
Baird on Thursday indicated Yelp's analyst rating as "Neutral" with its price target of 26 highlighting a potential decrease of -11.47% from Yelp's current price of 29.37. Cantor Fitzgerald reiterated an "overweight" rating and issued a $46.00 price objective on shares of Yelp in a research note on Monday, February 6th.
Historically, if we look at price target revisions, three weeks ago Yelp Inc (NYSE:YELP)'s price target was revised on 04/11/17 by the analysts, however the bullish price estimates of the stock set at $52 while the bearish estimates kept at $27.50 over the next one year. The company was maintained on Thursday, June 23 by Needham. Finally, Loop Capital restated a "hold" rating on shares of Yelp in a research note on Wednesday, April 19th. On Wednesday, August 10 the stock rating was maintained by Citigroup with "Neutral".
The target price for Yelp Inc. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and sixteen have issued a buy rating to the company's stock. Fmr Ltd has invested 0% in Yelp Inc (NYSE:YELP). The current share price indicate that stock is -0.55% away from its one year high and is moving 101.89% ahead of its 52-week low. The recent change has given its price a -16.13% deficit over SMA 50 and -34.74% deficit over its 52-week high. This is an increase of approximately 183% compared to the average daily volume of 762 call options.
Yelp (NYSE:YELP) last issued its earnings results on Tuesday, May 9th. The local business review company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.03 by $0.24. During the same quarter in the prior year, the business earned $0.11 EPS. Sei Investments Co. now owns 541,704 shares of the local business review company's stock worth $17,741,000 after buying an additional 143,191 shares during the last quarter.
Yelp Inc. on 02/09/2017 reported its EPS as $0.1 with the analysts projecting the EPS of the stock as $0.03.
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According to Zacks brokerage recommendations, Yelp Inc. US Bancorp DE boosted its stake in shares of Yelp by 3,181.0% in the third quarter. The shares were sold at an average price of $34.44, for a total transaction of $268,080.96. Following the transaction, the chief operating officer now owns 141,404 shares in the company, valued at approximately $5,089,129.96. Also, SVP Michael Stoppelman sold 7,784 shares of the stock in a transaction on Wednesday, February 22nd. The shares were sold at an average price of $35.99, for a total transaction of $125,965.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,284 shares of company stock valued at $1,337,606.
A number of other equities analysts also recently commented on YELP. Neuburgh Advisers LLC bought a new stake in Yelp during the first quarter worth about $133,000.
Over the last 5 years, Yelp Inc. has averaged a 26.50% YoY EPS growth rate and a 53.60% revenue growth rate. Victory Capital Management Inc. now owns 1,462,916 shares of the local business review company's stock worth $47,911,000 after buying an additional 14,005 shares during the period. Finally, Tyers Asset Management LLC purchased a new stake in shares of Yelp during the first quarter worth about $169,000.
A number of large investors have recently added to or reduced their stakes in YELP. Yelp blamed the shortfall on local advertisers fleeing its site during January and February, and the company sure doesn't seem to think those ad buyers will be coming back any time soon.