Yelp (NYSE:YELP) had its target price trimmed by Stifel Nicolaus to $34.00 in a report published on Friday morning, The Fly reports. The brokerage currently has a hold rating on the local business review company’s stock.

Several other equities analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Yelp from a buy rating to a hold rating in a research report on Tuesday, September 4th. Royal Bank of Canada increased their price objective on shares of Yelp to $62.00 and gave the company an outperform rating in a research report on Monday, September 17th. ValuEngine lowered shares of Yelp from a hold rating to a sell rating in a research report on Tuesday, August 7th. SunTrust Banks set a $50.00 price objective on shares of Yelp and gave the company a buy rating in a research report on Wednesday, August 8th. Finally, Jefferies Financial Group increased their price objective on shares of Yelp from $53.00 to $55.00 and gave the company a buy rating in a research report on Thursday, August 9th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $42.45.

NYSE YELP traded down $11.57 on Friday, hitting $31.93. 25,345,839 shares of the stock were exchanged, compared to its average volume of 1,450,994. Yelp has a 52 week low of $29.33 and a 52 week high of $52.50. The firm has a market capitalization of $3.75 billion, a P/E ratio of 498.22, a price-to-earnings-growth ratio of 7.52 and a beta of 1.29.

Yelp (NYSE:YELP) last posted its quarterly earnings results on Thursday, November 8th. The local business review company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.09. Yelp had a net margin of 17.64% and a return on equity of 0.74%. The firm had revenue of $241.10 million for the quarter, compared to analyst estimates of $245.55 million. During the same period in the prior year, the firm posted $0.29 earnings per share. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. As a group, sell-side analysts expect that Yelp will post 0.3 EPS for the current fiscal year.

In related news, Director Geoffrey L. Donaker sold 4,000 shares of the company’s stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $43.94, for a total value of $175,760.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Geoffrey L. Donaker sold 2,000 shares of the company’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $46.96, for a total transaction of $93,920.00. Following the completion of the transaction, the director now owns 8,055 shares in the company, valued at $378,262.80. The disclosure for this sale can be found here. Insiders sold 223,500 shares of company stock worth $10,135,885 over the last 90 days. 9.00% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in YELP. Amalgamated Bank grew its stake in shares of Yelp by 16.0% in the second quarter. Amalgamated Bank now owns 12,383 shares of the local business review company’s stock valued at $485,000 after acquiring an additional 1,708 shares in the last quarter. Fred Alger Management Inc. grew its stake in shares of Yelp by 145.6% in the second quarter. Fred Alger Management Inc. now owns 186,427 shares of the local business review company’s stock valued at $7,304,000 after acquiring an additional 110,513 shares in the last quarter. Cornerstone Wealth Management LLC acquired a new position in shares of Yelp in the second quarter valued at about $1,827,000. Douglas Lane & Associates LLC grew its stake in shares of Yelp by 35.1% in the second quarter. Douglas Lane & Associates LLC now owns 639,749 shares of the local business review company’s stock valued at $25,065,000 after acquiring an additional 166,278 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD grew its stake in shares of Yelp by 15.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,096,725 shares of the local business review company’s stock valued at $82,149,000 after acquiring an additional 285,890 shares in the last quarter. Institutional investors and hedge funds own 86.05% of the company’s stock.

About Yelp

Yelp Inc operates a platform that connects people with local businesses in the United States, Canada, and internationally. The company's platform covers various local business categories, including restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others.

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The Fly

Analyst Recommendations for Yelp (NYSE:YELP)

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