Yelp Inc. (NYSE:YELP) Receives $37.00 Average Target Price from Analysts

Shares of Yelp Inc. (NYSE:YELP - Get Free Report) have received an average rating of "Reduce" from the nine research firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $37.00.

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

Insider Buying and Selling at Yelp

In other Yelp news, CFO David A. Schwarzbach sold 10,000 shares of Yelp stock in a transaction on Friday, November 29th. The shares were sold at an average price of $38.29, for a total value of $382,900.00. Following the sale, the chief financial officer now directly owns 211,988 shares in the company, valued at approximately $8,117,020.52. The trade was a 4.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Sam Eaton sold 10,744 shares of the firm's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $35.12, for a total value of $377,329.28. Following the transaction, the chief technology officer now owns 122,480 shares of the company's stock, valued at approximately $4,301,497.60. The trade was a 8.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 45,865 shares of company stock worth $1,734,268 in the last three months. 7.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Yelp

Hedge funds have recently bought and sold shares of the business. Quest Partners LLC grew its stake in Yelp by 132.7% in the second quarter. Quest Partners LLC now owns 27,094 shares of the local business review company's stock worth $1,001,000 after purchasing an additional 15,451 shares in the last quarter. FMR LLC boosted its position in Yelp by 13.7% during the third quarter. FMR LLC now owns 654,059 shares of the local business review company's stock valued at $22,944,000 after purchasing an additional 78,585 shares in the last quarter. Pacer Advisors Inc. raised its holdings 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 purchasing an additional 48,363 shares in the last quarter. Barclays PLC boosted its holdings in shares of Yelp by 347.9% in the 3rd quarter. Barclays PLC now owns 160,363 shares of the local business review company's stock valued at $5,627,000 after buying an additional 124,561 shares in the last quarter. Finally, Algert Global LLC raised its stake in shares of Yelp by 7.5% during the 3rd quarter. Algert Global LLC now owns 204,077 shares of the local business review company's stock worth $7,159,000 after acquiring an additional 14,213 shares in the last quarter. Hedge funds and other institutional investors own 90.11% of the company's stock.

Yelp Stock Performance

YELP stock traded up $0.47 during trading on Friday, hitting $39.54. 460,273 shares of the company traded hands, compared to its average volume of 457,737. Yelp has a 1 year low of $32.56 and a 1 year high of $46.77. The firm has a market capitalization of $2.60 billion, a PE ratio of 23.68, a P/E/G ratio of 0.71 and a beta of 1.34. The company has a 50-day moving average of $37.59 and a 200-day moving average of $35.86.

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.