Goldman Sachs Group started coverage on shares of Yelp (NYSE:YELP) in a report issued on Monday, February 4th, Marketbeat Ratings reports. The brokerage issued a buy rating and a $42.00 price objective on the local business review company’s stock.
YELP has been the topic of several other reports. Needham & Company LLC assumed coverage on Yelp in a research note on Tuesday, January 8th. They set a hold rating on the stock. Royal Bank of Canada dropped their price objective on Yelp to $38.00 and set a positive rating on the stock in a research note on Friday, November 9th. KeyCorp began coverage on Yelp in a research note on Thursday, December 20th. They set a sector weight rating and a $33.86 target price on the stock. SunTrust Banks reiterated a hold rating on shares of Yelp in a research note on Monday, December 10th. Finally, Wedbush cut Yelp from an outperform rating to a neutral rating and lowered their target price for the stock from $60.00 to $32.00 in a research note on Friday, November 9th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company’s stock. Yelp currently has an average rating of Hold and a consensus target price of $39.71.
NYSE YELP opened at $38.89 on Monday. Yelp has a 12-month low of $29.33 and a 12-month high of $52.50. The firm has a market capitalization of $3.15 billion, a P/E ratio of 555.57, a price-to-earnings-growth ratio of 3.03 and a beta of 1.05.
In related news, Director Geoffrey L. Donaker sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 20th. The stock was sold at an average price of $30.37, for a total transaction of $60,740.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Alan Ramsay sold 6,355 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $31.20, for a total value of $198,276.00. Following the transaction, the insider now owns 28,879 shares of the company’s stock, valued at approximately $901,024.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,611 shares of company stock valued at $1,036,357. 9.00% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC grew its stake in shares of Yelp by 142.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 850 shares of the local business review company’s stock worth $30,000 after acquiring an additional 500 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Yelp by 271.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,227 shares of the local business review company’s stock worth $78,000 after acquiring an additional 1,627 shares during the last quarter. Rehmann Capital Advisory Group purchased a new stake in shares of Yelp in the third quarter worth $161,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Yelp in the third quarter worth $194,000. Finally, Ibex Investors LLC purchased a new stake in shares of Yelp in the third quarter worth $206,000. 91.53% of the stock is currently owned by institutional investors.
Yelp Company Profile
Yelp Inc operates a platform that connects people 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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