Evercore ISI Issues Pessimistic Forecast for Yelp (NYSE:YELP) Stock Price

Yelp (NYSE:YELP) had its price target cut by stock analysts at Evercore ISI from $45.00 to $38.00 in a report issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the local business review company’s stock. Evercore ISI’s price objective would suggest a potential upside of 26.89% from the stock’s current price.

Several other research analysts have also issued reports on the company. Zacks Research lowered Yelp from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. Wall Street Zen lowered Yelp from a “buy” rating to a “hold” rating in a research report on Saturday. Bank of America reduced their price target on shares of Yelp from $31.00 to $30.00 and set an “underperform” rating for the company in a research report on Friday, August 8th. The Goldman Sachs Group set a $33.00 price objective on shares of Yelp in a report on Tuesday, October 14th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Yelp in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $32.20.

Yelp Stock Performance

YELP traded up $0.61 during midday trading on Monday, hitting $29.95. The company had a trading volume of 256,185 shares, compared to its average volume of 825,206. The company has a market capitalization of $1.89 billion, a PE ratio of 13.56, a P/E/G ratio of 0.81 and a beta of 0.99. The firm’s 50-day simple moving average is $31.89 and its 200-day simple moving average is $33.91. Yelp has a twelve month low of $27.91 and a twelve month high of $41.72.

Yelp (NYSE:YELP) last announced its quarterly earnings results on Thursday, November 6th. The local business review company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.14. Yelp had a net margin of 10.28% and a return on equity of 20.17%. The company had revenue of $376.04 million for the quarter, compared to analysts’ expectations of $368.39 million. During the same period last year, the firm posted $0.56 earnings per share. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. Yelp has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, sell-side analysts anticipate that Yelp will post 2.22 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Carmen Amara sold 1,500 shares of the firm’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $33.04, for a total transaction of $49,560.00. Following the sale, the insider owned 82,566 shares in the company, valued at approximately $2,727,980.64. This trade represents a 1.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO David A. Schwarzbach sold 10,000 shares of the stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $33.58, for a total value of $335,800.00. Following the completion of the transaction, the chief financial officer directly owned 160,196 shares in the company, valued at approximately $5,379,381.68. This represents a 5.88% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 39,100 shares of company stock valued at $1,254,036. Corporate insiders own 8.00% of the company’s stock.

Hedge Funds Weigh In On Yelp

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bfsg LLC raised its holdings in Yelp by 110.3% in the 3rd quarter. Bfsg LLC now owns 839 shares of the local business review company’s stock worth $26,000 after acquiring an additional 440 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Yelp during the 2nd quarter valued at $28,000. MAI Capital Management increased its holdings in shares of Yelp by 1,102.0% in the 2nd quarter. MAI Capital Management now owns 1,202 shares of the local business review company’s stock worth $41,000 after purchasing an additional 1,102 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Yelp in the first quarter worth $52,000. Finally, Strs Ohio purchased a new position in shares of Yelp in the first quarter worth $56,000. Hedge funds and other institutional investors 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.