Roth Capital set a $21.00 price target on Yelp Inc. (NYSE:YELP) in a research report released on Monday, July 31st. The firm currently has a sell rating on the local business review company’s stock.

Several other equities research analysts have also weighed in on YELP. Pacific Crest raised shares of Yelp from a sector weight rating to an overweight rating and upped their target price for the stock from $33.41 to $43.00 in a report on Tuesday, April 11th. Cantor Fitzgerald reaffirmed an overweight rating on shares of Yelp in a report on Monday, April 10th. Loop Capital reaffirmed a hold rating on shares of Yelp in a report on Wednesday, April 19th. Vetr lowered shares of Yelp from a strong-buy rating to a buy rating and set a $36.94 target price on the stock. in a report on Thursday, April 20th. Finally, Cowen and Company reissued a market perform rating and set a $39.00 price objective on shares of Yelp in a report on Monday, April 24th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eighteen have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $37.95.

Yelp (NYSE YELP) traded up 2.69% on Monday, reaching $42.03. 3,520,108 shares of the company’s stock were exchanged. Yelp has a 12-month low of $26.93 and a 12-month high of $43.41. The firm has a 50 day moving average of $33.08 and a 200-day moving average of $33.42. The company has a market cap of $3.44 billion, a P/E ratio of 266.01 and a beta of 1.48.

Yelp (NYSE:YELP) last announced its quarterly earnings results on Thursday, August 3rd. The local business review company reported $0.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.12. Yelp had a net margin of 1.67% and a return on equity of 1.60%. The firm had revenue of $209.90 million for the quarter, compared to analyst estimates of $204.89 million. During the same quarter in the previous year, the firm posted $0.16 EPS. The business’s revenue for the quarter was up 21.0% on a year-over-year basis. Equities analysts expect that Yelp will post $0.07 EPS for the current fiscal year.

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Yelp declared that its board has authorized a stock repurchase plan on Thursday, August 3rd that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the local business review company to repurchase up to 7.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

In related news, COO Joseph R. Nachman sold 3,789 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $28.23, for a total value of $106,963.47. Following the completion of the transaction, the chief operating officer now directly owns 137,615 shares of the company’s stock, valued at $3,884,871.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Laurence Wilson sold 10,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $42.00, for a total transaction of $420,000.00. Following the completion of the transaction, the senior vice president now directly owns 191,947 shares of the company’s stock, valued at $8,061,774. The disclosure for this sale can be found here. Insiders sold 119,751 shares of company stock valued at $4,261,130 over the last three months. 10.10% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in the stock. Jackson Square Partners LLC increased its stake in shares of Yelp by 2.3% in the second quarter. Jackson Square Partners LLC now owns 2,070,578 shares of the local business review company’s stock valued at $62,158,000 after buying an additional 46,328 shares in the last quarter. FMR LLC acquired a new stake in shares of Yelp during the second quarter valued at about $2,402,000. Vanguard Group Inc. increased its stake in shares of Yelp by 4.1% in the second quarter. Vanguard Group Inc. now owns 5,935,362 shares of the local business review company’s stock valued at $178,180,000 after buying an additional 231,754 shares in the last quarter. Stonerise Capital Management LLC increased its stake in shares of Yelp by 30.8% in the second quarter. Stonerise Capital Management LLC now owns 339,700 shares of the local business review company’s stock valued at $10,198,000 after buying an additional 80,000 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Yelp by 171.3% in the second quarter. Northern Trust Corp now owns 968,313 shares of the local business review company’s stock valued at $29,069,000 after buying an additional 611,461 shares in the last quarter. 94.79% of the stock is owned by institutional investors and hedge funds.

Yelp Company Profile

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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