Yelp (NYSE:YELP) Shares Up 1.9%

Yelp Inc (NYSE:YELP) shot up 1.9% during trading on Friday . The company traded as high as $37.08 and last traded at $37.22, 62,326 shares changed hands during mid-day trading. A decline of 95% from the average session volume of 1,277,180 shares. The stock had previously closed at $36.52.

A number of brokerages recently commented on YELP. Oppenheimer restated a “hold” rating on shares of Yelp in a research note on Friday, August 9th. Evercore ISI set a $38.00 target price on Yelp and gave the company a “hold” rating in a research note on Friday, August 9th. Zacks Investment Research lowered Yelp from a “hold” rating to a “sell” rating and set a $37.00 target price for the company. in a research note on Sunday, July 14th. Aegis upgraded Yelp from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $44.00 target price (up from $42.00) on shares of Yelp in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the stock. Yelp currently has a consensus rating of “Hold” and a consensus target price of $37.74.

The company has a debt-to-equity ratio of 0.26, a current ratio of 3.91 and a quick ratio of 3.91. The firm has a 50 day simple moving average of $34.00 and a 200-day simple moving average of $34.60. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 83.20, a price-to-earnings-growth ratio of 2.37 and a beta of 1.02.



Yelp (NYSE:YELP) last released its quarterly earnings data on Thursday, August 8th. The local business review company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04. Yelp had a return on equity of 4.62% and a net margin of 6.26%. The firm had revenue of $246.96 million during the quarter, compared to analyst estimates of $247.63 million. During the same period in the prior year, the company posted $0.12 earnings per share. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, sell-side analysts forecast that Yelp Inc will post 0.68 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale raised its stake in Yelp by 126.0% during the second 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. Capital Fund Management S.A. raised its stake in Yelp by 401.4% during the second quarter. Capital Fund Management S.A. now owns 202,356 shares of the local business review company’s stock worth $6,917,000 after acquiring an additional 162,000 shares in the last quarter. Aurora Investment Counsel grew its holdings in shares of Yelp by 4.5% during the second quarter. Aurora Investment Counsel now owns 63,521 shares of the local business review company’s stock worth $2,226,000 after purchasing an additional 2,748 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Yelp by 2.3% during the second quarter. Fisher Asset Management LLC now owns 3,075,596 shares of the local business review company’s stock worth $105,124,000 after purchasing an additional 68,669 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its holdings in shares of Yelp by 421.4% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 365,000 shares of the local business review company’s stock worth $12,476,000 after purchasing an additional 295,000 shares during the last quarter. Hedge funds and other institutional investors own 92.77% of the company’s stock.

Yelp Company Profile (NYSE:YELP)

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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