Yelp Inc. (NYSE:YELP) was upgraded by Zacks Investment Research from a “sell” score to a “hold” score in a analysis report issued on Tuesday.

According to Zacks, “Yelp, Inc. is an internet site engaged in offering info via on-line group providing social networking. It covers eating places, purchasing, nightlife, monetary providers, well being and quite a lot of providers. The firm serves clients within the United States, Canada, the United Kingdom, Ireland, France, Germany, Austria, the Netherlands, Spain, Italy, Switzerland and Belgium. Yelp, Inc. is headquartered in San Francisco, California. “

Several different analysis analysts have additionally issued reviews on the corporate. Pacific Crest raised Yelp from a “sector weight” score to an “overweight” score and upped their goal worth for the corporate from $33.41 to $43.00 in a analysis report on Tuesday, April 11th. Wells Fargo & Company raised Yelp from an “underperform” score to a “market perform” score and set a $27.00 goal worth on the inventory in a analysis report on Friday, May fifth. Vetr lowered Yelp from a “strong-buy” score to a “buy” score and set a $36.94 goal worth on the inventory. in a analysis report on Thursday, April 20th. Jefferies Group LLC reaffirmed a “buy” score and set a $37.00 goal worth on shares of Yelp in a analysis report on Friday, June 23rd. Finally, Morgan Stanley reaffirmed an “equal weight” score and set a $26.00 goal worth (down from $28.00) on shares of Yelp in a analysis report on Thursday, July 20th. Two funding analysts have rated the inventory with a promote score, seventeen have issued a maintain score and eighteen have given a purchase score to the corporate’s inventory. The inventory has a mean score of “Hold” and a mean worth goal of $37.89.

Shares of Yelp (YELP) opened at 41.55 on Tuesday. The firm’s 50 day shifting common worth is $31.40 and its 200 day shifting common worth is $33.39. Yelp has a 52-week low of $26.93 and a 52-week excessive of $43.41. The inventory has a market capitalization of $three.35 billion, a PE ratio of 561.49 and a beta of 1.48.

Yelp (NYSE:YELP) final introduced its earnings outcomes on Thursday, August third. The local enterprise evaluate firm reported $zero.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($zero.03) by $zero.12. Yelp had a return on fairness of 1.64% and a internet margin of 1.67%. The firm had income of $209.90 million for the quarter, in contrast to analyst estimates of $204.89 million. During the identical interval within the prior yr, the corporate posted $zero.16 EPS. The agency’s quarterly income was up 21.zero% in contrast to the identical quarter final yr. On common, equities analysis analysts anticipate that Yelp will publish $zero.06 EPS for the present yr.

Yelp declared that its Board of Directors has permitted a share repurchase plan on Thursday, August third that allows the corporate to buyback $200.00 million in shares. This buyback authorization permits the local enterprise evaluation firm to purchase up to 7.9% of its shares by means of open market purchases. Shares buyback plans are often an indication that the corporate’s board of administrators believes its shares are undervalued.

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In associated information, CEO Jeremy Stoppelman bought 13,00zero shares of the inventory in a transaction that occurred on Friday, August 4th. The inventory was bought at a mean worth of $40.00, for a complete worth of $520,00zero.00. The transaction was disclosed in a authorized submitting with the Securities & Exchange Commission, which is accessible by means of this hyperlink. Also, Director Geoffrey L. Donaker bought four,00zero shares of the inventory in a transaction that occurred on Tuesday, May 30th. The shares have been bought at a mean worth of $27.65, for a complete worth of $110,600.00. Following the completion of the sale, the director now instantly owns 9,590 shares of the corporate’s inventory, valued at roughly $265,163.50. The disclosure for this sale may be discovered right here. Insiders have bought 109,751 shares of firm inventory valued at $three,841,130 within the final three months. Insiders personal 10.10% of the corporate’s inventory.

Several giant buyers have lately purchased and bought shares of YELP. JPMorgan Chase & Co. boosted its stake in Yelp by 1,568.eight% within the second quarter. JPMorgan Chase & Co. now owns 241,193 shares of the local enterprise evaluation firm’s inventory valued at $7,240,00zero after shopping for a further 226,740 shares within the final quarter. Radnor Capital Management LLC boosted its stake in Yelp by 22.9% within the second quarter. Radnor Capital Management LLC now owns 12,540 shares of the local enterprise evaluation firm’s inventory valued at $376,00zero after shopping for a further 2,340 shares within the final quarter. Cipher Capital LP boosted its stake in Yelp by 124.7% within the second quarter. Cipher Capital LP now owns 25,101 shares of the local enterprise evaluate firm’s inventory valued at $754,00zero after shopping for a further 13,932 shares within the final quarter. Delta Lloyd Asset Management N.V. purchased a brand new stake in Yelp in the course of the second quarter valued at roughly $1,102,00zero. Finally, Dorsey Asset Management LLC purchased a brand new stake in Yelp through the second quarter valued at roughly $22,095,00zero. 94.79% of the inventory is owned by hedge funds and different institutional buyers.

Yelp Company Profile

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 evaluate websites. Yelp offers 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 immediately 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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