Shares of Yelp Inc (NYSE:YELP) have been given a consensus recommendation of “Hold” by the nineteen ratings firms that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $39.28.
Several research analysts recently issued reports on the stock. SunTrust Banks set a $37.00 target price on shares of Yelp and gave the stock a “hold” rating in a report on Sunday, November 3rd. Evercore ISI set a $38.00 price target on shares of Yelp and gave the company a “hold” rating in a report on Friday, August 9th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $44.00 price target (up from $42.00) on shares of Yelp in a research report on Friday, August 9th. Needham & Company LLC reiterated a “hold” rating on shares of Yelp in a research note on Wednesday. Finally, DA Davidson reiterated a “buy” rating on shares of Yelp in a research note on Friday, August 9th.
Shares of YELP stock traded down $0.12 during trading hours on Friday, hitting $34.23. The company’s stock had a trading volume of 666,631 shares, compared to its average volume of 1,546,196. The company has a 50 day moving average of $33.86 and a 200 day moving average of $34.01. The stock has a market cap of $2.43 billion, a PE ratio of 76.07, a price-to-earnings-growth ratio of 3.00 and a beta of 1.01. The company has a current ratio of 3.67, a quick ratio of 3.67 and a debt-to-equity ratio of 0.26. Yelp has a 12-month low of $30.12 and a 12-month high of $40.99.
Several institutional investors have recently modified their holdings of YELP. Meeder Asset Management Inc. grew its holdings in Yelp by 271.5% in the second quarter. Meeder Asset Management Inc. now owns 1,371 shares of the local business review company’s stock valued at $47,000 after purchasing an additional 1,002 shares during the period. Tower Research Capital LLC TRC grew its stake in Yelp by 379.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,603 shares of the local business review company’s stock valued at $55,000 after acquiring an additional 1,269 shares during the period. Steward Partners Investment Advisory LLC acquired a new stake in Yelp in the 2nd quarter valued at $78,000. Ladenburg Thalmann Financial Services Inc. increased its holdings in Yelp by 89.0% in 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 acquiring an additional 1,254 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its holdings in Yelp by 126.0% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 4,786 shares of the local business review company’s stock worth $162,000 after acquiring an additional 2,668 shares in the last quarter. Institutional investors and hedge funds own 92.45% of the company’s stock.
Yelp Company Profile
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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