Yelp (NYSE:YELP) Upgraded at StockNews.com

StockNews.com upgraded shares of Yelp (NYSE:YELP) from a buy rating to a strong-buy rating in a report published on Monday.

A number of other equities analysts have also recently issued reports on YELP. Wolfe Research began coverage on Yelp in a report on Tuesday, July 16th. They issued a “peer perform” rating on the stock. Bank of America initiated 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. Morgan Stanley boosted their price target on shares of Yelp from $32.00 to $34.00 and gave the company an “underweight” rating in a report on Tuesday, July 23rd. JPMorgan Chase & Co. lowered their price objective on shares of Yelp from $38.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Finally, The Goldman Sachs Group cut Yelp from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $46.00 to $38.00 in a research report on Monday, October 14th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $37.00.

Yelp Price Performance

YELP stock opened at $36.89 on Monday. The firm has a market cap of $2.47 billion, a PE ratio of 22.09, a P/E/G ratio of 0.71 and a beta of 1.33. Yelp has a 12 month low of $32.56 and a 12 month high of $48.99. The firm has a 50 day simple moving average of $34.50 and a 200 day simple moving average of $35.68.

Insider Activity

In other news, insider Carmen Amara sold 12,854 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $38.17, for a total transaction of $490,637.18. Following the completion of the sale, the insider now directly owns 88,813 shares of the company’s stock, valued at $3,389,992.21. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Carmen Amara sold 12,854 shares of Yelp stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $38.17, for a total value of $490,637.18. Following the completion of the sale, the insider now owns 88,813 shares of the company’s stock, valued at approximately $3,389,992.21. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Sam Eaton sold 10,776 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $35.00, for a total value of $377,160.00. Following the transaction, the chief technology officer now directly owns 145,171 shares in the company, valued at approximately $5,080,985. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,630 shares of company stock worth $1,105,937 in the last ninety days. Corporate insiders own 7.40% of the company’s stock.

Institutional Investors Weigh In On Yelp

Several hedge funds and other institutional investors have recently made changes to their positions in YELP. BNP Paribas Financial Markets increased its position in Yelp by 9.0% in the 1st quarter. BNP Paribas Financial Markets now owns 63,126 shares of the local business review company’s stock worth $2,487,000 after buying an additional 5,234 shares during the period. Texas Permanent School Fund Corp increased its stake in Yelp by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 59,927 shares of the local business review company’s stock valued at $2,361,000 after acquiring an additional 776 shares during the period. Duality Advisers LP acquired a new position in shares of Yelp in the first quarter valued at $235,000. SG Americas Securities LLC raised its stake in shares of Yelp by 207.2% in the 1st quarter. SG Americas Securities LLC now owns 12,804 shares of the local business review company’s stock valued at $504,000 after buying an additional 8,636 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in Yelp in the first quarter valued at about $70,000. 90.11% of the stock is owned by institutional investors and hedge funds.

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.