Recent Research Analysts’ Ratings Changes for Yelp (YELP)

Posted by on Aug 2nd, 2023

A number of firms have modified their ratings and price targets on shares of Yelp (NYSE: YELP) recently:

  • 7/28/2023 – Yelp is now covered by analysts at Craig Hallum. They set a “buy” rating and a $54.00 price target on the stock.
  • 7/25/2023 – Yelp had its price target raised by analysts at Jefferies Financial Group Inc. from $32.00 to $39.00. They now have a “hold” rating on the stock.
  • 7/21/2023 – Yelp had its price target raised by analysts at Morgan Stanley from $26.00 to $30.00. They now have an “underweight” rating on the stock.
  • 7/17/2023 – Yelp was downgraded by analysts at KeyCorp from a “sector weight” rating to an “underweight” rating. They now have a $34.00 price target on the stock.
  • 7/17/2023 – Yelp was upgraded by analysts at The Goldman Sachs Group, Inc. from a “neutral” rating to a “buy” rating. They now have a $47.00 price target on the stock, up previously from $39.00.
  • 7/14/2023 – Yelp was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
  • 7/5/2023 – Yelp was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
  • 6/27/2023 – Yelp was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
  • 6/14/2023 – Yelp was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.

Yelp Price Performance

Shares of YELP stock opened at $44.98 on Wednesday. Yelp Inc. has a fifty-two week low of $25.30 and a fifty-two week high of $45.53. The stock’s 50-day moving average is $37.49 and its two-hundred day moving average is $32.79. The firm has a market cap of $3.10 billion, a P/E ratio of 89.96 and a beta of 1.49.

Yelp (NYSE:YELP – Get Free Report) last released its quarterly earnings results on Thursday, May 4th. The local business review company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.10. The company had revenue of $312.44 million during the quarter, compared to the consensus estimate of $306.17 million. Yelp had a return on equity of 5.49% and a net margin of 2.94%. As a group, research analysts expect that Yelp Inc. will post 0.97 EPS for the current year.

Insiders Place Their Bets

In other Yelp news, CFO David A. Schwarzbach sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $40.71, for a total value of $203,550.00. Following the completion of the sale, the chief financial officer now owns 232,935 shares in the company, valued at approximately $9,482,783.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Jeremy Stoppelman sold 10,000 shares of the company’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $45.00, for a total transaction of $450,000.00. Following the sale, the chief executive officer now owns 2,173,310 shares in the company, valued at $97,798,950. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David A. Schwarzbach sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $40.71, for a total value of $203,550.00. Following the completion of the transaction, the chief financial officer now directly owns 232,935 shares in the company, valued at approximately $9,482,783.85. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,667 shares of company stock worth $2,378,635. 7.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of YELP. Cim Investment Management Inc. raised its position in Yelp by 3.6% during the 1st quarter. Cim Investment Management Inc. now owns 9,679 shares of the local business review company’s stock worth $297,000 after purchasing an additional 333 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of Yelp by 1.9% in the 1st quarter. Arizona State Retirement System now owns 20,196 shares of the local business review company’s stock worth $620,000 after purchasing an additional 367 shares during the period. IFP Advisors Inc raised its holdings in Yelp by 127.6% during the 4th quarter. IFP Advisors Inc now owns 867 shares of the local business review company’s stock valued at $37,000 after acquiring an additional 486 shares during the period. Daiwa Securities Group Inc. raised its holdings in Yelp by 24.4% during the 1st quarter. Daiwa Securities Group Inc. now owns 2,506 shares of the local business review company’s stock valued at $77,000 after acquiring an additional 492 shares during the period. Finally, Dark Forest Capital Management LP grew its position in shares of Yelp by 83.6% during the 1st quarter. Dark Forest Capital Management LP now owns 1,166 shares of the local business review company’s stock valued at $36,000 after purchasing an additional 531 shares in the last quarter. 88.46% of the stock is currently owned by institutional investors.

Yelp Inc operates a platform that connects consumers with local businesses in the United States and internationally. The company's platform covers various local business 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.

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