Yelp (YELP) Given Hold Rating at Zacks Investment Research

Zacks Investment Research restated their hold rating on shares of Yelp (NYSE:YELP) in a report issued on Saturday.

According to Zacks, “Yelp, Inc. is a website engaged in providing information through online community offering social networking. It covers restaurants, shopping, nightlife, financial services, health and a variety of services. The company serves customers in the United States, Canada, the United Kingdom, Ireland, France, Germany, Austria, the Netherlands, Spain, Italy, Switzerland and Belgium. Yelp, Inc. is headquartered in San Francisco, California. “

A number of other research analysts also recently commented on YELP. Citigroup raised their target price on shares of Yelp from $42.00 to $50.00 and gave the company a buy rating in a research report on Monday, October 2nd. Robert W. Baird raised their target price on shares of Yelp from $37.00 to $44.00 and gave the company a neutral rating in a research report on Friday, November 3rd. KeyCorp reissued a buy rating and set a $54.00 target price on shares of Yelp in a research report on Wednesday, October 4th. Credit Suisse Group raised their target price on shares of Yelp from $48.00 to $51.00 and gave the company an outperform rating in a research report on Thursday, November 2nd. Finally, Morgan Stanley reissued an equal weight rating and set a $40.00 target price (up previously from $26.00) on shares of Yelp in a research report on Monday, October 2nd. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $43.49.

Yelp (YELP) traded up $1.39 during mid-day trading on Friday, reaching $45.39. 2,540,493 shares of the company traded hands, compared to its average volume of 849,667. The stock has a market cap of $3,762.33, a P/E ratio of 206.33, a PEG ratio of 4.24 and a beta of 1.22. Yelp has a 52 week low of $26.93 and a 52 week high of $48.40.

Yelp (NYSE:YELP) last posted its quarterly earnings results on Wednesday, November 1st. The local business review company reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.30. The company had revenue of $222.40 million for the quarter, compared to the consensus estimate of $220.75 million. Yelp had a net margin of 2.31% and a return on equity of 2.20%. The firm’s revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.22 EPS. analysts expect that Yelp will post 0.17 EPS for the current year.

In related news, insider Laurence Wilson sold 25,000 shares of Yelp stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $44.08, for a total value of $1,102,000.00. Following the completion of the sale, the insider now directly owns 195,610 shares in the company, valued at approximately $8,622,488.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeremy Stoppelman sold 13,000 shares of Yelp stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $43.50, for a total transaction of $565,500.00. The disclosure for this sale can be found here. Insiders sold a total of 339,956 shares of company stock worth $15,157,798 over the last 90 days. Company insiders own 10.10% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in YELP. Russell Investments Group Ltd. boosted its stake in Yelp by 98.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,091 shares of the local business review company’s stock worth $123,000 after purchasing an additional 2,033 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Yelp by 85.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 295,390 shares of the local business review company’s stock worth $8,868,000 after purchasing an additional 136,444 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Yelp by 24.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 294,483 shares of the local business review company’s stock worth $8,840,000 after purchasing an additional 58,509 shares in the last quarter. Legal & General Group Plc boosted its stake in Yelp by 14.2% in the 2nd quarter. Legal & General Group Plc now owns 27,305 shares of the local business review company’s stock worth $818,000 after purchasing an additional 3,400 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Yelp by 46.3% in the 2nd quarter. American Century Companies Inc. now owns 17,206 shares of the local business review company’s stock worth $517,000 after purchasing an additional 5,446 shares in the last quarter. Institutional investors own 85.69% of the company’s stock.

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About Yelp

Yelp Inc (Yelp) connects people with local businesses by bringing ‘word of mouth’ online and providing a platform for businesses and consumers to engage and transact. The Company offers local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences with other consumers by posting reviews, tips, photos and videos, and to engage directly with businesses, through reviews, its Request-A-Quote and Message the Business features, and by completing transactions on the Yelp Platform.

Analyst Recommendations for Yelp (NYSE:YELP)

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