Wedbush set a $38.00 price objective on Yelp (NYSE:YELP) in a research note released on Friday morning, TipRanks reports. The brokerage currently has a hold rating on the local business review company’s stock.
YELP has been the topic of several other research reports. DA Davidson reissued a buy rating on shares of Yelp in a research note on Friday, August 9th. ValuEngine raised Yelp from a sell rating to a hold rating in a research note on Thursday, June 27th. Credit Suisse Group reaffirmed an outperform rating and issued a $46.00 target price (up previously from $45.00) on shares of Yelp in a research note on Friday, August 9th. Stifel Nicolaus reaffirmed a hold rating and issued a $38.00 target price on shares of Yelp in a research note on Friday, August 9th. Finally, Zacks Investment Research lowered Yelp from a hold rating to a sell rating and set a $37.00 target price on the stock. in a research note on Sunday, July 14th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $38.84.
Shares of NYSE:YELP traded up $0.33 during trading on Friday, hitting $34.75. 653,828 shares of the stock were exchanged, compared to its average volume of 1,628,628. The company has a fifty day moving average price of $34.25 and a two-hundred day moving average price of $34.54. The company has a market cap of $2.49 billion, a PE ratio of 77.22, a P/E/G ratio of 2.46 and a beta of 1.02. The company has a current ratio of 3.91, a quick ratio of 3.91 and a debt-to-equity ratio of 0.26. Yelp has a 12-month low of $29.33 and a 12-month high of $49.93.
Yelp (NYSE:YELP) last announced its quarterly earnings results on Thursday, August 8th. The local business review company reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.04. The business had revenue of $246.96 million for the quarter, compared to analyst estimates of $247.63 million. Yelp had a return on equity of 4.62% and a net margin of 6.26%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.12 EPS. Equities research analysts anticipate that Yelp will post 0.68 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the business. Meeder Asset Management Inc. raised its holdings in Yelp by 271.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 1,371 shares of the local business review company’s stock valued at $47,000 after acquiring an additional 1,002 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Yelp by 379.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,603 shares of the local business review company’s stock worth $55,000 after buying an additional 1,269 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of Yelp during the 2nd quarter worth $78,000. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Yelp by 89.0% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,663 shares of the local business review company’s stock worth $91,000 after buying an additional 1,254 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its holdings in shares of Yelp by 126.0% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 4,786 shares of the local business review company’s stock worth $162,000 after buying an additional 2,668 shares during the last quarter. Institutional investors own 92.69% of the company’s stock.
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 Article: What causes a stock to be most active?
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.