Yelp (NYSE:YELP) had its price target trimmed by Stifel Nicolaus from $40.00 to $38.00 in a research note published on Thursday morning, MarketBeat.com reports. The brokerage currently has a hold rating on the local business review company’s stock.

YELP has been the topic of a number of other reports. Zacks Investment Research raised shares of Yelp from a hold rating to a buy rating and set a $52.00 price objective on the stock in a research note on Tuesday, November 21st. Bank of America upped their price objective on shares of Yelp from $52.00 to $55.00 and gave the company a buy rating in a research note on Wednesday, January 24th. Royal Bank of Canada raised shares of Yelp from a sector perform rating to an outperform rating and upped their price objective for the company from $36.00 to $55.00 in a research note on Thursday, November 2nd. BidaskClub lowered shares of Yelp from a buy rating to a hold rating in a research note on Friday, October 13th. Finally, Goldman Sachs Group reaffirmed a neutral rating and issued a $42.00 price objective on shares of Yelp in a research note on Wednesday, October 11th. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eighteen have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $43.46.

Shares of Yelp (NYSE YELP) opened at $38.29 on Thursday. Yelp has a 12 month low of $26.93 and a 12 month high of $48.40. The company has a market cap of $3,173.82, a price-to-earnings ratio of 22.26, a PEG ratio of 3.51 and a beta of 1.14.

In other Yelp news, COO Joseph R. Nachman sold 5,260 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $46.92, for a total transaction of $246,799.20. Following the transaction, the chief operating officer now owns 114,414 shares in the company, valued at $5,368,304.88. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jeremy Stoppelman sold 13,000 shares of the company’s stock in a transaction on Friday, November 24th. The stock was 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. Insiders have sold a total of 257,085 shares of company stock worth $11,338,738 in the last quarter. 10.10% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. raised its holdings in Yelp by 28,585.7% during the third quarter. Oppenheimer Asset Management Inc. now owns 4,016 shares of the local business review company’s stock worth $174,000 after buying an additional 4,002 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Yelp by 46.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,240 shares of the local business review company’s stock worth $178,000 after buying an additional 1,337 shares during the last quarter. Commerzbank Aktiengesellschaft FI acquired a new position in Yelp during the third quarter worth $204,000. Ameritas Investment Partners Inc. acquired a new position in Yelp during the second quarter worth $205,000. Finally, ProShare Advisors LLC acquired a new position in Yelp during the second quarter worth $215,000. Hedge funds and other institutional investors own 86.09% of the company’s stock.

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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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