Yelp (NYSE:YELP) Trading 1.9% Higher

Yelp Inc (NYSE:YELP) traded up 1.9% during trading on Friday . The company traded as high as $37.08 and last traded at $37.22, 62,326 shares were traded during trading. A decline of 95% from the average session volume of 1,277,180 shares. The stock had previously closed at $36.52.

A number of equities research analysts have recently commented on the company. ValuEngine raised Yelp from a “sell” rating to a “hold” rating in a research report on Thursday, June 27th. Zacks Investment Research lowered Yelp from a “hold” rating to a “sell” rating and set a $37.00 price target on the stock. in a research report on Sunday, July 14th. Evercore ISI set a $38.00 price target on Yelp and gave the stock a “hold” rating in a research report on Friday, August 9th. Credit Suisse Group reaffirmed an “outperform” rating and set a $46.00 price target (up previously from $45.00) on shares of Yelp in a research report on Friday, August 9th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $38.00 price target on shares of Yelp in a research report on Friday, August 9th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company. Yelp currently has a consensus rating of “Hold” and an average target price of $37.74.

The stock has a 50-day moving average of $34.00 and a 200-day moving average of $34.60. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 83.20, a price-to-earnings-growth ratio of 2.37 and a beta of 1.02. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.91 and a current ratio of 3.91.

Yelp (NYSE:YELP) last announced its earnings results on Thursday, August 8th. The local business review company reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.04. Yelp had a return on equity of 4.62% and a net margin of 6.26%. The business had revenue of $246.96 million for the quarter, compared to analyst estimates of $247.63 million. During the same quarter last year, the firm earned $0.12 EPS. Yelp’s revenue for the quarter was up 5.1% compared to the same quarter last year. Sell-side analysts predict that Yelp Inc will post 0.68 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its stake in Yelp by 28.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,022,480 shares of the local business review company’s stock valued at $35,776,000 after purchasing an additional 224,363 shares in the last quarter. Geode Capital Management LLC grew its stake in Yelp by 13.0% in the fourth quarter. Geode Capital Management LLC now owns 1,053,283 shares of the local business review company’s stock valued at $36,854,000 after purchasing an additional 121,261 shares in the last quarter. Rhumbline Advisers grew its stake in Yelp by 2.2% in the first quarter. Rhumbline Advisers now owns 259,378 shares of the local business review company’s stock valued at $8,949,000 after purchasing an additional 5,465 shares in the last quarter. Texas Permanent School Fund grew its stake in Yelp by 2.4% in the first quarter. Texas Permanent School Fund now owns 51,238 shares of the local business review company’s stock valued at $1,768,000 after purchasing an additional 1,218 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake in Yelp by 5.1% in the first quarter. California Public Employees Retirement System now owns 133,349 shares of the local business review company’s stock valued at $4,601,000 after purchasing an additional 6,488 shares in the last quarter. 92.77% of the stock is currently owned by institutional investors and hedge funds.

Yelp Company Profile (NYSE:YELP)

Yelp Inc operates a platform that connects consumers with local businesses in the United States, Canada, and internationally. The company's platform covers various local business categories, including restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others.

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