Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Yelp (YELP) Stock Price
News coverage about Yelp (NYSE:YELP) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Yelp earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave media headlines about the local business review company an impact score of 45.0272538146887 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
- Yelp Inc. (NYSE:YELP) Stock Traded Well Above Its 50 Day Moving Average – First News 24 (firstnewspaper24.com)
- BusinessCreator, Inc. Announces the Launch of a Brand New Reputation Repair Service (wireupdate.com)
- NORCAL Ambulance Makes the Inc. 5000 List of the Nation’s Fastest Growing Companies (pr.com)
- Inc. Magazine Names Exact Solar No. #2069 On 2017 Inc. 5000 List (prlog.org)
- Inc. Magazine Ranked Amati Auto Group NO. 1 Auto Dealer in New England (bizjournals.com)
Shares of Yelp (NYSE YELP) opened at 42.98 on Monday. Yelp has a 52-week low of $26.93 and a 52-week high of $43.71. The stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of 272.03 and a beta of 1.39. The company has a 50 day moving average of $37.91 and a 200 day moving average of $33.50.
Yelp (NYSE:YELP) last released its earnings results on Thursday, August 3rd. The local business review company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.12. The firm had revenue of $209.90 million for the quarter, compared to analyst estimates of $204.89 million. Yelp had a return on equity of 1.60% and a net margin of 1.67%. Yelp’s revenue was up 21.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.16 earnings per share. Analysts predict that Yelp will post $0.07 EPS for the current fiscal year.
Yelp declared that its board has authorized a share buyback plan on Thursday, August 3rd that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the local business review company to buy up to 7.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
YELP has been the topic of several recent analyst reports. Piper Jaffray Companies reaffirmed a “hold” rating and set a $37.00 price objective on shares of Yelp in a report on Friday, August 4th. Roth Capital upgraded shares of Yelp from a “sell” rating to a “neutral” rating and increased their target price for the company from $21.00 to $35.00 in a research report on Friday, August 4th. Morgan Stanley reiterated an “equal weight” rating and issued a $26.00 target price (down from $28.00) on shares of Yelp in a research report on Thursday, July 20th. MKM Partners upgraded shares of Yelp from a “neutral” rating to a “buy” rating and increased their target price for the company from $27.00 to $31.31 in a research report on Friday, August 4th. Finally, Cantor Fitzgerald set a $39.00 target price on shares of Yelp and gave the company a “buy” rating in a research report on Wednesday, May 24th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and nineteen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $38.13.
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In other Yelp news, Director Geoffrey L. Donaker sold 42,000 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $40.00, for a total transaction of $1,680,000.00. Following the completion of the sale, the director now directly owns 47,590 shares in the company, valued at approximately $1,903,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeremy Stoppelman sold 13,000 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $41.94, for a total value of $545,220.00. The disclosure for this sale can be found here. Insiders sold a total of 147,240 shares of company stock valued at $5,820,559 in the last quarter. 10.10% of the stock is currently owned by corporate 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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