Yelp Inc. (NYSE:YELP) Given Average Rating of “Reduce” by Brokerages

Shares of Yelp Inc. (NYSE:YELP) have been given a consensus rating of “Reduce” by the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $37.00.

YELP has been the subject of several recent research reports. Robert W. Baird lowered their target price on shares of Yelp from $39.00 to $37.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Bank of America assumed coverage on shares of Yelp in a research report on Monday, September 16th. They set an “underperform” rating and a $30.00 price objective for the company. StockNews.com raised shares of Yelp from a “buy” rating to a “strong-buy” rating in a report on Monday, November 11th. Evercore ISI raised Yelp to a “hold” rating in a report on Monday, November 11th. Finally, The Goldman Sachs Group cut Yelp from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $46.00 to $38.00 in a research report on Monday, October 14th.

Yelp Trading Down 1.2 %

Shares of NYSE YELP opened at $39.71 on Tuesday. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of 23.78, a price-to-earnings-growth ratio of 0.71 and a beta of 1.35. Yelp has a twelve month low of $32.56 and a twelve month high of $48.99. The business has a 50 day simple moving average of $36.17 and a 200-day simple moving average of $35.60.

Insider Activity

In other Yelp news, insider Carmen Amara sold 12,854 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $38.17, for a total transaction of $490,637.18. Following the transaction, the insider now owns 88,813 shares of the company’s stock, valued at approximately $3,389,992.21. This trade represents a 12.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Sam Eaton sold 10,744 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $35.12, for a total transaction of $377,329.28. Following the completion of the sale, the chief technology officer now directly owns 122,480 shares of the company’s stock, valued at approximately $4,301,497.60. This represents a 8.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,865 shares of company stock valued at $1,537,218. Insiders own 7.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Pacer Advisors Inc. raised its position in Yelp by 1.8% in the third quarter. Pacer Advisors Inc. now owns 2,743,899 shares of the local business review company’s stock worth $96,256,000 after acquiring an additional 48,363 shares in the last quarter. State Street Corp grew its stake in shares of Yelp by 0.9% in the 3rd quarter. State Street Corp now owns 2,553,227 shares of the local business review company’s stock worth $89,567,000 after purchasing an additional 23,719 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Yelp by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,759,229 shares of the local business review company’s stock worth $61,724,000 after purchasing an additional 64,381 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Yelp by 2.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,693,819 shares of the local business review company’s stock worth $62,587,000 after purchasing an additional 33,046 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Yelp by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,174,607 shares of the local business review company’s stock worth $41,205,000 after buying an additional 56,618 shares in the last quarter. 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.