Yelp Inc. (NYSE:YELP)‘s inventory had its “equal weight” score reaffirmed by Morgan Stanley in a word issued to buyers on Thursday. They presently have a $26.00 goal worth on the local enterprise assessment firm’s inventory, down from their earlier goal worth of $28.00. Morgan Stanley’s worth goal suggests a possible draw back of 19.03% from the inventory’s earlier shut.

A lot of different analysis analysts have additionally issued studies on YELP. B. Riley reiterated a “neutral” score and set a $25.00 worth goal on shares of Yelp in a analysis report on Monday, May 15th. BidaskClub upgraded Yelp from a “sell” score to a “hold” score in a analysis report on Wednesday, July 12th. Loop Capital reiterated a “hold” score on shares of Yelp in a analysis report on Wednesday, April 19th. William Blair reiterated a “market perform” score on shares of Yelp in a analysis report on Wednesday, May 10th. Finally, Robert W. Baird decreased their worth goal on Yelp from $40.00 to $26.00 and set a “neutral” score for the corporate in a analysis report on Wednesday, May 10th. Three equities analysis analysts have rated the inventory with a promote score, seventeen have assigned a maintain score and sixteen have issued a purchase score to the inventory. The inventory presently has a mean score of “Hold” and a consensus worth goal of $34.90.

Yelp (NYSE YELP) traded down zero.90% throughout noon buying and selling on Thursday, reaching $32.11. The firm’s inventory had a buying and selling quantity of 1,316,883 shares. Yelp has a 1-yr low of $26.93 and a 1-yr excessive of $43.41. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 433.92 and a beta of 1.46. The firm’s 50-day shifting common worth is $30.45 and its 200-day shifting common worth is $33.85.

Yelp (NYSE:YELP) final introduced its quarterly earnings outcomes on Tuesday, May ninth. The local enterprise evaluation firm reported ($zero.06) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($zero.08) by $zero.02. Yelp had a return on fairness of zero.77% and a internet margin of zero.80%. The firm had income of $197.32 million in the course of the quarter, in contrast to analyst estimates of $198.51 million. During the identical quarter within the earlier yr, the agency posted $zero.08 EPS. The agency’s quarterly income was up 24.four% on a yr-over-yr foundation. On common, analysts predict that Yelp will submit ($zero.08) earnings per share for the present fiscal yr.

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In associated information, SVP Laurence Wilson bought three,128 shares of the inventory in a transaction that occurred on Tuesday, May 23rd. The inventory was bought at a mean worth of $28.23, for a complete transaction of $88,303.44. Following the completion of the sale, the senior vice chairman now owns 181,947 shares within the firm, valued at roughly $5,136,363.81. The sale was disclosed in a submitting with the SEC, which is obtainable by means of the SEC web site. Also, CFO Charles Baker bought 12,176 shares of the inventory in a transaction that occurred on Tuesday, May 23rd. The shares have been bought at a mean worth of $28.23, for a complete worth of $343,728.48. Following the sale, the chief monetary officer now owns 116,862 shares of the corporate’s inventory, valued at roughly $three,299,014.26. The disclosure for this sale could be discovered right here. In the final quarter, insiders have bought 63,751 shares of firm inventory valued at $1,940,715. 10.10% of the inventory is at present owned by company insiders.

Quite a few hedge funds have lately made modifications to their positions within the inventory. FNY Partners Fund LP elevated its stake in shares of Yelp by 18,650.zero% within the first quarter. FNY Partners Fund LP now owns three,750 shares of the local enterprise evaluate firm’s inventory valued at $122,000 after shopping for a further three,730 shares over the past quarter. Neuburgh Advisers LLC acquired a brand new stake in shares of Yelp through the first quarter valued at $133,000. Independent Portfolio Consultants Inc. acquired a brand new stake in shares of Yelp in the course of the first quarter valued at $159,000. FNY Managed Accounts LLC acquired a brand new stake in shares of Yelp in the course of the first quarter valued at $163,000. Finally, Tyers Asset Management LLC acquired a brand new stake in shares of Yelp through the first quarter valued at $169,000. Hedge funds and different institutional buyers personal 89.18% of the corporate’s inventory.

About Yelp

Yelp Inc (Yelp) connects individuals with local companies by bringing ‘word of mouth’ on-line and offering a platform for companies and shoppers to interact and transact. The Company presents local enterprise evaluation websites. Yelp supplies a platform for shoppers to share their on a regular basis local enterprise experiences with different shoppers by posting reviews, ideas, pictures and movies, and to interact instantly with companies, by way of reviews, its Request-A-Quote and Message the Business options, and by finishing transactions on the Yelp Platform.

Analyst Recommendations for Yelp (NYSE:YELP)

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