News headlines about Yelp (NYSE:YELP) have been trending somewhat positive on Monday, according to Accern. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Yelp earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave news headlines about the local business review company an impact score of 44.474570856556 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- BioStem Technologies Inc. Applies for Uplisting to the OTCQX Market (markets.businessinsider.com)
- Cherubim Interests, Inc. Shareholder Update (econotimes.com)
- Louisianans make the happiest tourists, according to reviews (wwltv.com)
- SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Yelp Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of March 19, 2018 – YELP (finance.yahoo.com)
- Blockchain Start Up Cool Cousin Welcomes Former Yelp Exec to its Advisory Board (themerkle.com)
Shares of Yelp (NYSE YELP) opened at $41.73 on Monday. The firm has a market cap of $3,460.00, a price-to-earnings ratio of 24.26, a P/E/G ratio of 6.43 and a beta of 1.14. Yelp has a fifty-two week low of $26.93 and a fifty-two week high of $48.40.
A number of research analysts have commented on YELP shares. Zacks Investment Research upgraded shares of Yelp from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research report on Tuesday, November 21st. Bank of America increased their price target on shares of Yelp from $52.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Royal Bank of Canada upgraded shares of Yelp from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $36.00 to $55.00 in a research report on Thursday, November 2nd. Morgan Stanley reduced their price target on shares of Yelp from $43.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 8th. Finally, ValuEngine cut shares of Yelp from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eighteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $43.66.
In related news, COO Joseph R. Nachman sold 5,260 shares of Yelp stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $46.92, for a total value of $246,799.20. Following the sale, the chief operating officer now owns 114,414 shares in the company, valued at $5,368,304.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jeremy Stoppelman sold 13,000 shares of Yelp stock in a transaction on Friday, November 24th. The shares were sold at an average price of $47.59, for a total transaction of $618,670.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 244,085 shares of company stock worth $10,713,318. 10.10% of the stock is currently owned by company insiders.
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.
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