JPMorgan Chase & Co. Has Lowered Expectations for Yelp (NYSE:YELP) Stock Price

Yelp (NYSE:YELP) had its price objective lowered by stock analysts at JPMorgan Chase & Co. from $33.00 to $30.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the local business review company’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 3.31% from the stock’s current price.

Other analysts have also issued reports about the company. The Goldman Sachs Group set a $33.00 target price on Yelp in a report on Tuesday, October 14th. Wall Street Zen cut shares of Yelp from a “buy” rating to a “hold” rating in a research report on Saturday. Bank of America decreased their target price on shares of Yelp from $31.00 to $30.00 and set an “underperform” rating on the stock in a report on Friday, August 8th. Zacks Research downgraded shares of Yelp from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Yelp in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $32.20.

Yelp Trading Up 0.4%

NYSE YELP traded up $0.13 during trading on Monday, reaching $29.04. The company’s stock had a trading volume of 774,845 shares, compared to its average volume of 824,791. The firm has a 50 day moving average price of $31.97 and a 200 day moving average price of $33.99. Yelp has a 12 month low of $27.91 and a 12 month high of $41.72. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 13.12, a price-to-earnings-growth ratio of 0.81 and a beta of 0.99.

Yelp (NYSE:YELP) last released its quarterly earnings results on Thursday, November 6th. The local business review company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.14. The company had revenue of $376.04 million during the quarter, compared to the consensus estimate of $368.39 million. Yelp had a net margin of 10.28% and a return on equity of 20.17%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.56 earnings per share. Yelp has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities analysts forecast that Yelp will post 2.22 EPS for the current fiscal year.

Insider Buying and Selling at Yelp

In other news, insider Carmen Amara sold 1,500 shares of Yelp stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $31.37, for a total transaction of $47,055.00. Following the sale, the insider directly owned 84,066 shares of the company’s stock, valued at approximately $2,637,150.42. This trade represents a 1.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO David A. Schwarzbach sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $31.43, for a total transaction of $314,300.00. Following the completion of the transaction, the chief financial officer owned 180,196 shares of the company’s stock, valued at approximately $5,663,560.28. This trade represents a 5.26% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 39,100 shares of company stock worth $1,254,036. 8.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Yelp

A number of hedge funds have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. acquired a new stake in Yelp in the first quarter valued at $203,000. DekaBank Deutsche Girozentrale grew its position in shares of Yelp by 424.2% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 17,080 shares of the local business review company’s stock valued at $627,000 after buying an additional 13,822 shares during the last quarter. Xponance Inc. acquired a new stake in shares of Yelp in the first quarter valued at about $259,000. CWM LLC raised its position in shares of Yelp by 406.6% during the first quarter. CWM LLC now owns 23,322 shares of the local business review company’s stock worth $864,000 after acquiring an additional 18,718 shares during the last quarter. Finally, Edgestream Partners L.P. acquired a new position in shares of Yelp in the first quarter worth approximately $2,855,000. Institutional investors and hedge funds own 90.11% of the company’s stock.

Yelp Company Profile

Yelp Inc operates a platform that connects consumers with local businesses in the United States and internationally. The company's platform covers various categories, including restaurants, shopping, beauty and fitness, health, and other categories, as well as home, local, auto, professional, pets, events, real estate, and financial services.