Yelp Inc. (NYSE:YELP) Given Consensus Rating of “Reduce” by Brokerages

Yelp Inc. (NYSE:YELP) has been assigned a consensus rating of “Reduce” from the nine research firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $37.00.

A number of equities research analysts recently weighed in on the company. StockNews.com raised Yelp from a “buy” rating to a “strong-buy” rating in a research report on Monday. The Goldman Sachs Group cut shares of Yelp from a “buy” rating to a “neutral” rating and cut their price target for the stock from $46.00 to $38.00 in a research note on Monday, October 14th. Robert W. Baird cut their price target 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. JPMorgan Chase & Co. cut their price target on shares of Yelp from $38.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. Finally, Evercore ISI upgraded shares of Yelp to a “hold” rating in a research note on Monday.

Insider Activity

In related news, insider Carmen Amara sold 12,854 shares of the business’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 in the company, valued at $3,389,992.21. The trade was a 12.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Sam Eaton sold 10,776 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $35.00, for a total transaction of $377,160.00. Following the completion of the transaction, the chief technology officer now owns 145,171 shares of the company’s stock, valued at $5,080,985. This trade represents a 6.91 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,630 shares of company stock worth $1,105,937. Insiders own 7.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of YELP. Pacer Advisors Inc. grew its holdings in Yelp by 1.8% during the 3rd quarter. Pacer Advisors Inc. now owns 2,743,899 shares of the local business review company’s stock worth $96,256,000 after acquiring an additional 48,363 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Yelp by 2.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,693,819 shares of the local business review company’s stock valued at $62,587,000 after buying an additional 33,046 shares during the period. Charles Schwab Investment Management Inc. grew 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 during the period. FMR LLC grew its holdings 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 period. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Yelp by 0.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 586,820 shares of the local business review company’s stock valued at $21,683,000 after buying an additional 4,547 shares during the period. Institutional investors own 90.11% of the company’s stock.

Yelp Stock Down 1.2 %

YELP stock opened at $36.43 on Friday. Yelp has a twelve month low of $32.56 and a twelve month high of $48.99. The company has a market cap of $2.44 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 0.71 and a beta of 1.33. The business’s 50-day simple moving average is $34.54 and its 200 day simple moving average is $35.68.

About Yelp

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.