Yelp Inc. (NYSE:YELP) Given Average Rating of "Reduce" by Analysts

Key Points

• Yelp Inc. has received an average analyst rating of "Reduce", with two analysts recommending a sell and five suggesting a hold, while the average price target stands at $34.00.
• Recent insider transactions include the sale of 1,500 shares by Carmen Amara and 1,200 shares by Craig Saldanha, reflecting decreases in their ownership positions.
• Yelp reported strong quarterly earnings with an EPS of $0.67, surpassing estimates of $0.48, while year-over-year revenue rose by 3.7%.

Shares of Yelp Inc. (NYSE:YELP - Get Free Report) have earned an average rating of "Reduce" from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $34.00.

A number of equities research analysts recently commented on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Yelp in a research report on Saturday, September 27th. Wall Street Zen lowered Yelp from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, Bank of America dropped their target price on Yelp from $31.00 to $30.00 and set an "underperform" rating on the stock in a research report on Friday, August 8th.

Insiders Place Their Bets

In other Yelp news, insider Carmen Amara sold 1,500 shares of the company's stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $31.37, for a total value of $47,055.00. Following the sale, the insider owned 84,066 shares in the company, valued at approximately $2,637,150.42. This represents a 1.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Craig Saldanha sold 1,200 shares of the company's stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $30.93, for a total value of $37,116.00. Following the completion of the sale, the insider owned 202,500 shares in the company, valued at approximately $6,263,325. This represents a 0.59% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,400 shares of company stock worth $1,211,130. Corporate insiders own 8.00% of the company's stock.

Institutional Investors Weigh In On Yelp

Several hedge funds have recently bought and sold shares of YELP. Advisors Asset Management Inc. lifted its position in shares of Yelp by 14.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 3,056 shares of the local business review company's stock valued at $105,000 after buying an additional 386 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of Yelp by 0.7% during the 2nd quarter. California State Teachers Retirement System now owns 58,298 shares of the local business review company's stock valued at $1,998,000 after buying an additional 393 shares in the last quarter. Police & Firemen s Retirement System of New Jersey lifted its position in shares of Yelp by 3.4% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 14,436 shares of the local business review company's stock valued at $495,000 after buying an additional 478 shares in the last quarter. Hancock Whitney Corp lifted its position in shares of Yelp by 7.4% during the 1st quarter. Hancock Whitney Corp now owns 6,986 shares of the local business review company's stock valued at $259,000 after buying an additional 480 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Yelp by 0.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 76,376 shares of the local business review company's stock valued at $2,828,000 after buying an additional 506 shares in the last quarter. Hedge funds and other institutional investors own 90.11% of the company's stock.

Yelp Stock Up 1.5%

YELP opened at $31.64 on Thursday. Yelp has a 52-week low of $29.96 and a 52-week high of $41.72. The company has a market cap of $2.00 billion, a P/E ratio of 14.32, a price-to-earnings-growth ratio of 0.78 and a beta of 0.98. The firm's 50-day moving average price is $31.79 and its 200-day moving average price is $34.44.

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

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.

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