Analysts Set Yelp Inc. (NYSE:YELP) PT at $34.00

Shares of Yelp Inc. (NYSE:YELP) have earned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $35.00.

Several research firms recently weighed in on YELP. The Goldman Sachs Group set a $33.00 price objective on shares of Yelp in a report on Tuesday. Evercore ISI set a $45.00 price target on shares of Yelp and gave the stock an “outperform” rating in a research report on Monday. Bank of America dropped their price target on shares of Yelp from $31.00 to $30.00 and set an “underperform” rating on the stock in a research report on Friday, August 8th. Zacks Research upgraded shares of Yelp from a “hold” rating to a “strong-buy” rating in a research report on Monday. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Yelp in a research report on Tuesday.

Yelp Stock Down 0.5%

YELP stock opened at $33.54 on Thursday. The company has a market capitalization of $2.11 billion, a P/E ratio of 15.17, a PEG ratio of 0.85 and a beta of 0.98. The company has a 50-day simple moving average of $31.67 and a 200 day simple moving average of $34.27. Yelp has a fifty-two week low of $29.96 and a fifty-two week high of $41.72.

Yelp (NYSE:YELP) last posted its quarterly earnings data on Thursday, August 7th. The local business review company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.19. The business had revenue of $370.39 million during the quarter, compared to the consensus estimate of $365.71 million. Yelp had a net margin of 10.28% and a return on equity of 20.17%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.54 earnings per share. Yelp has set its FY 2025 guidance at EPS. Equities analysts anticipate that Yelp will post 2.22 EPS for the current year.

Insiders Place Their Bets

In other Yelp news, insider Carmen Amara sold 1,500 shares of the business’s stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $31.37, for a total transaction of $47,055.00. Following the sale, the insider owned 84,066 shares in the company, valued at approximately $2,637,150.42. The trade was a 1.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Craig Saldanha sold 1,200 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $30.93, for a total value of $37,116.00. Following the sale, the insider owned 202,500 shares in the company, valued at approximately $6,263,325. The trade was a 0.59% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,400 shares of company stock worth $1,200,130. 8.00% of the stock is owned by corporate insiders.

Institutional Trading of Yelp

Institutional investors and hedge funds have recently bought and sold shares of the stock. Principal Financial Group Inc. raised its holdings in Yelp by 2.2% during the 1st quarter. Principal Financial Group Inc. now owns 374,536 shares of the local business review company’s stock worth $13,869,000 after buying an additional 8,239 shares during the period. Jump Financial LLC acquired a new stake in Yelp during the 1st quarter worth about $1,945,000. Elevate Capital Advisors LLC acquired a new stake in Yelp during the 1st quarter worth about $2,766,000. Jefferies Financial Group Inc. raised its holdings in Yelp by 169.1% during the 1st quarter. Jefferies Financial Group Inc. now owns 16,662 shares of the local business review company’s stock worth $617,000 after buying an additional 10,471 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in Yelp by 272.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 56,595 shares of the local business review company’s stock worth $2,160,000 after buying an additional 41,400 shares during the period. 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.