Yelp (YELP) Receives Coverage Optimism Rating of 0.09
Media coverage about Yelp (NYSE:YELP) has been trending somewhat positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Yelp earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned headlines about the local business review company an impact score of 45.9173713068977 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- 2017 Team Reviews: Stewart-Haas Racing (ca.sports.yahoo.com)
- Crust 54 Spreads Holiday Cheer Via Gift Card Special and Party Catering Services (prweb.com)
- UPDATE: Integumen Reviews Products And Issues Shares Amid Shaving Deal (ALLISS) (morningstar.co.uk)
- I, Tonya User Reviews (tribute.ca)
- Abuse claims of Human Services residents up, reviews slower (cumberlink.com)
A number of equities research analysts have recently weighed in on the company. KeyCorp reaffirmed a “buy” rating and set a $54.00 price target on shares of Yelp in a report on Tuesday, October 17th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $44.00 price target on shares of Yelp in a report on Wednesday, November 1st. B. Riley reaffirmed a “hold” rating and set a $39.00 price target on shares of Yelp in a report on Thursday, November 2nd. Credit Suisse Group reaffirmed an “outperform” rating and set a $48.00 price target (up previously from $40.00) on shares of Yelp in a report on Wednesday, October 18th. Finally, ValuEngine cut Yelp from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $43.49.
Yelp (NYSE:YELP) last posted its quarterly earnings results on Wednesday, November 1st. The local business review company reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.30. The firm had revenue of $222.40 million for the quarter, compared to analyst estimates of $220.75 million. Yelp had a net margin of 2.31% and a return on equity of 2.20%. The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.22 earnings per share. analysts anticipate that Yelp will post 0.17 EPS for the current year.
In other Yelp news, CEO Jeremy Stoppelman sold 13,000 shares of Yelp stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $43.69, for a total value of $567,970.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Geoffrey L. Donaker sold 6,000 shares of Yelp stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $42.11, for a total transaction of $252,660.00. Following the completion of the transaction, the director now owns 9,590 shares in the company, valued at approximately $403,834.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 339,956 shares of company stock worth $15,214,278. 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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