Roth Capital Reiterates $21.00 Price Target for Yelp Inc. (NYSE:YELP)

Roth Capital set a $21.00 price objective on Yelp Inc. (NYSE:YELP) in a report issued on Monday, July 31st. The firm currently has a sell rating on the local business review company’s stock.

Several other research analysts have also recently issued reports on the stock. BidaskClub cut shares of Yelp from a hold rating to a sell rating in a report on Friday, July 28th. Morgan Stanley reissued an equal weight rating and set a $26.00 target price (down previously from $28.00) on shares of Yelp in a report on Thursday, July 20th. Robert W. Baird reissued a neutral rating on shares of Yelp in a report on Monday, July 3rd. Jefferies Group LLC reissued a buy rating and set a $37.00 target price on shares of Yelp in a report on Friday, June 23rd. Finally, Zacks Investment Research cut shares of Yelp from a hold rating to a sell rating in a report on Wednesday, June 14th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eighteen have issued a buy rating to the company. Yelp presently has an average rating of Hold and an average price target of $37.95.

Yelp (NYSE:YELP) opened at 41.81 on Monday. The company has a market cap of $3.42 billion, a price-to-earnings ratio of 264.62 and a beta of 1.48. The firm has a 50-day moving average price of $34.76 and a 200 day moving average price of $33.40. Yelp has a one year low of $26.93 and a one year high of $43.41.

Yelp (NYSE:YELP) last posted its quarterly earnings data on Thursday, August 3rd. The local business review company reported $0.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.12. Yelp had a net margin of 1.67% and a return on equity of 1.60%. The business had revenue of $209.90 million during the quarter, compared to the consensus estimate of $204.89 million. During the same period in the previous year, the firm posted $0.16 earnings per share. The business’s revenue for the quarter was up 21.0% compared to the same quarter last year. Equities analysts expect that Yelp will post $0.07 earnings per share for the current fiscal year.

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Yelp announced that its board has approved a stock buyback program on Thursday, August 3rd that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the local business review company to buy up to 7.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

In other news, Director Geoffrey L. Donaker sold 4,000 shares of the stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $28.23, for a total value of $112,920.00. Following the completion of the transaction, the director now owns 9,590 shares in the company, valued at approximately $270,725.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeremy Stoppelman sold 13,000 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $41.74, for a total transaction of $542,620.00. The disclosure for this sale can be found here. Insiders sold a total of 148,251 shares of company stock valued at $5,488,625 in the last 90 days. Company insiders own 10.10% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its position in Yelp by 14.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 97,695 shares of the local business review company’s stock valued at $3,725,000 after buying an additional 12,259 shares during the period. FMR LLC acquired a new position in Yelp during the fourth quarter valued at $12,756,000. Teachers Advisors LLC increased its position in Yelp by 48.2% in the fourth quarter. Teachers Advisors LLC now owns 423,099 shares of the local business review company’s stock valued at $16,133,000 after buying an additional 137,513 shares during the period. Palisade Capital Management LLC NJ acquired a new position in Yelp during the first quarter valued at $267,000. Finally, Nationwide Fund Advisors acquired a new position in Yelp during the first quarter valued at $4,608,000. Hedge funds and other institutional investors own 95.37% of the company’s stock.

About Yelp

Yelp Inc (Yelp) connects people with local businesses by bringing ‘word of mouth’ online and providing a platform for businesses and consumers to engage and transact. The Company offers local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences with other consumers by posting reviews, tips, photos and videos, and to engage directly with businesses, through reviews, its Request-A-Quote and Message the Business features, and by completing transactions on the Yelp Platform.

Analyst Recommendations for Yelp (NYSE:YELP)

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