Equities research analysts at Janney Montgomery Scott began coverage on shares of Yelp (NASDAQ:YELP) in a research note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
YELP has been the subject of a number of other recent research reports. Analysts at Stifel Nicolaus initiated coverage on shares of Yelp in a research note to investors on Thursday. They set a “buy” rating on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Yelp in a research note to investors on Tuesday. They now have a $80.00 price target on the stock, up previously from $50.00. Finally, analysts at Zacks downgraded shares of Yelp from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, November 1st. They now have a $78.60 price target on the stock. Fourteen research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Yelp currently has an average rating of “Hold” and a consensus price target of $64.56.
Shares of Yelp (NASDAQ:YELP) opened at 67.25 on Friday. Yelp has a 52 week low of $16.94 and a 52 week high of $75.37. The stock has a 50-day moving average of $67.94 and a 200-day moving average of $48.61. The company’s market cap is $4.445 billion.
Yelp (NASDAQ:YELP) last released its earnings data on Tuesday, October 29th. The company reported ($0.04) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.01) by $0.03. The company had revenue of $61.20 million for the quarter, compared to the consensus estimate of $59.40 million. During the same quarter in the prior year, the company posted ($0.03) earnings per share. The company’s quarterly revenue was up 68.1% on a year-over-year basis. Analysts expect that Yelp will post $-0.14 EPS for the current fiscal year.
In other Yelp news, SVP Laurence Wilson unloaded 5,250 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $68.65, for a total value of $360,412.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Yelp Inc connects people with great local businesses. Its users have contributed a total of approximately 36.
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