Stifel Nicolaus reiterated their hold rating on shares of Yelp (NYSE:YELP) in a research report released on Friday, AnalystRatings.com reports. They currently have a $38.00 price target on the local business review company’s stock.
“We remain cautious on the intermediate-term outlook due to competitive dynamics in local advertising and execution risk, but note Yelp’s improving revenue retention / reacceleration of advertiser count are encouraging data points. Additionally, the company announced CFO Lanny Baker would be stepping down in September. We remain Target Price.”,” the firm’s analyst commented.
Several other equities research analysts have also recently commented on the company. B. Riley cut Yelp from a buy rating to a neutral rating and cut their price target for the stock from $50.00 to $42.00 in a research note on Friday, May 10th. Aegis upgraded Yelp from a sell rating to a hold rating and set a $29.00 price target for the company in a research note on Tuesday, June 4th. Zacks Investment Research cut Yelp from a hold rating to a sell rating and set a $37.00 price target for the company. in a research note on Sunday, July 14th. BMO Capital Markets started coverage on Yelp in a research note on Wednesday, April 17th. They set an outperform rating for the company. Finally, Morgan Stanley set a $32.00 price target on Yelp and gave the stock a sell rating in a research note on Monday, July 15th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have given a buy rating to the stock. Yelp currently has an average rating of Hold and an average target price of $37.74.
Shares of NYSE YELP opened at $34.98 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 5.93 and a current ratio of 5.93. Yelp has a twelve month low of $29.33 and a twelve month high of $52.50. The company has a 50 day moving average price of $34.94. The stock has a market capitalization of $2.71 billion, a PE ratio of 77.72, a P/E/G ratio of 2.07 and a beta of 1.10.
Yelp (NYSE:YELP) last issued its quarterly earnings data on Thursday, August 8th. The local business review company reported $0.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.04. Yelp had a return on equity of 4.27% and a net margin of 6.26%. The company had revenue of $246.96 million during the quarter, compared to analysts’ expectations of $247.63 million. During the same quarter in the previous year, the business earned $0.12 earnings per share. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. Equities analysts predict that Yelp will post 0.67 EPS for the current year.
A number of hedge funds have recently made changes to their positions in YELP. Meeder Asset Management Inc. grew its holdings in Yelp by 271.5% during the second quarter. Meeder Asset Management Inc. now owns 1,371 shares of the local business review company’s stock worth $47,000 after acquiring an additional 1,002 shares during the period. Steward Partners Investment Advisory LLC acquired a new stake in Yelp in the second quarter valued at $78,000. DekaBank Deutsche Girozentrale grew its holdings in Yelp by 126.0% in the second quarter. DekaBank Deutsche Girozentrale now owns 4,786 shares of the local business review company’s stock valued at $162,000 after purchasing an additional 2,668 shares during the last quarter. Pearl River Capital LLC acquired a new stake in Yelp in the first quarter valued at $212,000. Finally, Quantamental Technologies LLC acquired a new stake in Yelp in the first quarter valued at $218,000. 95.40% of the stock is currently owned by hedge funds and other institutional investors.
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.
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