Yelp (NYSE:YELP) Upgraded at Evercore ISI

Evercore ISI upgraded shares of Yelp (NYSE:YELP) to a hold rating in a report issued on Monday,Zacks.com reports.

Several other analysts have also recently issued reports on YELP. Morgan Stanley upped their target price on Yelp from $32.00 to $34.00 and gave the company an “underweight” rating in a report on Tuesday, July 23rd. The Goldman Sachs Group cut Yelp from a “buy” rating to a “neutral” rating and cut their target price for the stock from $46.00 to $38.00 in a research note on Monday, October 14th. Bank of America began coverage on Yelp in a report on Monday, September 16th. They set an “underperform” rating and a $30.00 price target for the company. Wolfe Research initiated coverage on shares of Yelp in a report on Tuesday, July 16th. They issued a “peer perform” rating on the stock. Finally, Robert W. Baird lowered their target price on shares of Yelp from $39.00 to $37.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $37.00.

Yelp Trading Down 3.5 %

NYSE:YELP opened at $36.89 on Monday. Yelp has a 12 month low of $32.56 and a 12 month high of $48.99. The firm has a market cap of $2.47 billion, a P/E ratio of 22.09, a price-to-earnings-growth ratio of 0.71 and a beta of 1.33. The stock has a 50 day moving average of $34.50 and a two-hundred day moving average of $35.68.

Insiders Place Their Bets

In other Yelp news, insider Carmen Amara sold 12,854 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now 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 sale was disclosed in a filing with the SEC, which is available at this link. In other Yelp news, insider Carmen Amara sold 12,854 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $38.17, for a total value of $490,637.18. Following the sale, the insider now 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 link. Also, COO Joseph R. Nachman sold 7,000 shares of the business’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $34.02, for a total value of $238,140.00. Following the transaction, the chief operating officer now directly owns 255,558 shares of the company’s stock, valued at approximately $8,694,083.16. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,630 shares of company stock worth $1,105,937 over the last three months. Company insiders own 7.40% of the company’s stock.

Institutional Investors Weigh In On Yelp

A number of hedge funds and other institutional investors have recently modified their holdings of YELP. Pacer Advisors Inc. lifted its stake in Yelp by 1.8% during the third quarter. Pacer Advisors Inc. now owns 2,743,899 shares of the local business review company’s stock worth $96,256,000 after purchasing an additional 48,363 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Yelp by 2.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,693,819 shares of the local business review company’s stock worth $62,587,000 after buying an additional 33,046 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Yelp by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,174,607 shares of the local business review company’s stock valued at $41,205,000 after buying an additional 56,618 shares in the last quarter. FMR LLC grew its position in shares of Yelp by 13.7% in the 3rd quarter. FMR LLC now owns 654,059 shares of the local business review company’s stock valued at $22,944,000 after buying an additional 78,585 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Yelp by 0.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 586,820 shares of the local business review company’s stock worth $21,683,000 after acquiring an additional 4,547 shares in the last quarter. 90.11% of the stock is currently 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.