Yelp (YELP) Earning Somewhat Positive Media Coverage, Study Shows

Media stories about Yelp (NYSE:YELP) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Yelp earned a news impact score of 0.16 on Accern’s scale. Accern also gave news articles about the local business review company an impact score of 45.4556300982568 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the news articles that may have impacted Accern Sentiment’s analysis:

Several research analysts recently issued reports on YELP shares. Morgan Stanley reissued an “equal weight” rating and issued a $26.00 price target (down previously from $28.00) on shares of Yelp in a research report on Thursday, July 20th. Wells Fargo & Company raised shares of Yelp from an “underperform” rating to a “market perform” rating and set a $27.00 price objective on the stock in a research note on Friday, May 5th. Jefferies Group LLC reaffirmed a “buy” rating and set a $37.00 price objective on shares of Yelp in a research note on Friday, June 23rd. BidaskClub raised shares of Yelp from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Goldman Sachs Group, Inc. (The) raised shares of Yelp from a “neutral” rating to a “buy” rating and decreased their price target for the company from $42.00 to $34.00 in a research note on Wednesday, May 10th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eighteen have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $37.95.

Shares of Yelp (NYSE YELP) opened at 41.81 on Friday. The firm’s 50-day moving average is $34.76 and its 200-day moving average is $33.40. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 264.62 and a beta of 1.48. Yelp has a 12-month low of $26.93 and a 12-month high of $43.41.

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

Yelp declared that its Board of Directors has approved a stock repurchase program on Thursday, August 3rd that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the local business review company to repurchase up to 7.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

In related news, SVP Laurence Wilson sold 3,128 shares of Yelp stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $28.23, for a total value of $88,303.44. Following the sale, the senior vice president now owns 181,947 shares in the company, valued at $5,136,363.81. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Geoffrey L. Donaker sold 4,000 shares of Yelp stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $27.65, for a total transaction of $110,600.00. Following the completion of the sale, the director now owns 9,590 shares in the company, valued at approximately $265,163.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 148,251 shares of company stock worth $5,488,625. 10.10% of the stock is owned by insiders.

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Yelp Company Profile

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.

Insider Buying and Selling by Quarter for Yelp (NYSE:YELP)

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