Yelp’s (YELP) “Hold (C-)” Rating Reiterated at Weiss Ratings

by · The Cerbat Gem

Weiss Ratings reaffirmed their hold (c-) rating on shares of Yelp (NYSE:YELP – Free Report) in a research note published on Tuesday morning,Weiss Ratings reports.

A number of other analysts also recently weighed in on the stock. Bank of America reduced their target price on shares of Yelp from $31.00 to $30.00 and set an “underperform” rating on the stock in a research report on Friday, August 8th. Wall Street Zen downgraded shares of Yelp from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, Evercore ISI set a $45.00 target price on shares of Yelp and gave the stock an “outperform” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $35.00.

Read Our Latest Stock Report on Yelp

Yelp Trading Down 2.3%

Shares of NYSE YELP opened at $32.69 on Tuesday. Yelp has a 12 month low of $29.96 and a 12 month high of $41.72. The firm has a market capitalization of $2.06 billion, a PE ratio of 14.79, a price-to-earnings-growth ratio of 0.85 and a beta of 0.98. The firm has a fifty day simple moving average of $31.63 and a two-hundred day simple moving average of $34.24.

Yelp (NYSE:YELP – Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The local business review company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.48 by $0.19. Yelp had a net margin of 10.28% and a return on equity of 20.17%. The business had revenue of $370.39 million during the quarter, compared to analyst estimates of $365.71 million. During the same period in the prior year, the business earned $0.54 EPS. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. Yelp has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Yelp will post 2.22 earnings per share for the current year.

Insider Activity at Yelp

In related news, CFO David A. Schwarzbach sold 10,000 shares of the stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $33.58, for a total transaction of $335,800.00. Following the sale, the chief financial officer directly owned 160,196 shares of the company’s stock, valued at approximately $5,379,381.68. This represents a 5.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Carmen Amara sold 1,500 shares of the stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $31.37, for a total transaction of $47,055.00. Following the sale, the insider directly owned 84,066 shares in the company, valued at $2,637,150.42. This trade represents a 1.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,400 shares of company stock valued at $1,200,130. 8.00% of the stock is owned by insiders.

Institutional Trading of Yelp

Institutional investors have recently bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Yelp during the 2nd quarter valued at about $28,000. Farther Finance Advisors LLC boosted its holdings in shares of Yelp by 307.4% during the 1st quarter. Farther Finance Advisors LLC now owns 1,096 shares of the local business review company’s stock valued at $42,000 after acquiring an additional 827 shares during the last quarter. MAI Capital Management boosted its holdings in shares of Yelp by 1,102.0% during the 2nd quarter. MAI Capital Management now owns 1,202 shares of the local business review company’s stock valued at $41,000 after acquiring an additional 1,102 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Yelp during the 1st quarter valued at about $52,000. Finally, Strs Ohio purchased a new stake in shares of Yelp during the 1st quarter valued at about $56,000. 90.11% of the stock is owned by hedge funds and other institutional investors.

About Yelp

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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.

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