Shares of Yelp Inc (NYSE:YELP) have been given an average rating of “Hold” by the twenty-one analysts that are covering the company, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $28.38.

Several analysts have recently weighed in on the company. Morgan Stanley decreased their price objective on Yelp from $31.00 to $15.00 and set an “underweight” rating on the stock in a report on Monday, March 30th. JPMorgan Chase & Co. decreased their price target on Yelp from $36.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 18th. Robert W. Baird decreased their price target on Yelp from $30.00 to $22.00 in a research note on Monday, April 13th. BTIG Research started coverage on Yelp in a research note on Wednesday, June 10th. They issued a “neutral” rating on the stock. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Yelp in a research note on Friday, May 8th.

Shares of NYSE:YELP traded up $0.12 during trading on Friday, hitting $22.39. 904,878 shares of the stock were exchanged, compared to its average volume of 1,685,473. Yelp has a 1-year low of $12.89 and a 1-year high of $39.37. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 69.97 and a beta of 1.48. The company’s fifty day simple moving average is $22.82 and its 200-day simple moving average is $26.84. The company has a debt-to-equity ratio of 0.23, a quick ratio of 4.23 and a current ratio of 4.23.

Yelp (NYSE:YELP) last announced its quarterly earnings data on Thursday, May 7th. The local business review company reported ($0.22) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.13). Yelp had a return on equity of 3.24% and a net margin of 2.34%. The firm had revenue of $249.00 million for the quarter, compared to analyst estimates of $226.38 million. During the same period in the previous year, the business posted $0.02 EPS. Yelp’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, research analysts forecast that Yelp will post -0.81 earnings per share for the current fiscal year.

In other news, COO Joseph R. Nachman sold 2,635 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $20.81, for a total transaction of $54,834.35. Following the completion of the sale, the chief operating officer now owns 146,890 shares in the company, valued at $3,056,780.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Laurence Wilson sold 1,179 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $21.31, for a total value of $25,124.49. Following the sale, the insider now owns 179,783 shares of the company’s stock, valued at approximately $3,831,175.73. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,126 shares of company stock valued at $215,751. Corporate insiders own 9.50% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in YELP. River Road Asset Management LLC bought a new stake in shares of Yelp during the fourth quarter worth $51,892,000. Norges Bank bought a new stake in shares of Yelp during the fourth quarter worth $28,061,000. UBS Asset Management Americas Inc. raised its position in shares of Yelp by 966.3% during the fourth quarter. UBS Asset Management Americas Inc. now owns 872,985 shares of the local business review company’s stock worth $30,406,000 after acquiring an additional 791,111 shares during the last quarter. Prescott General Partners LLC raised its position in shares of Yelp by 14.0% during the first quarter. Prescott General Partners LLC now owns 5,651,016 shares of the local business review company’s stock worth $101,888,000 after acquiring an additional 694,990 shares during the last quarter. Finally, Tenzing Global Management LLC raised its position in shares of Yelp by 61.3% during the first quarter. Tenzing Global Management LLC now owns 1,250,000 shares of the local business review company’s stock worth $22,538,000 after acquiring an additional 475,000 shares during the last quarter. Institutional investors own 91.75% of the company’s stock.

About Yelp

Yelp Inc operates a platform that connects consumers 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.

Featured Story: Secondary Public Offerings

Analyst Recommendations for Yelp (NYSE:YELP)

Receive News & Ratings for Yelp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yelp and related companies with MarketBeat.com's FREE daily email newsletter.