Yelp Inc. (NYSE:YELP) Receives Average Rating of "Reduce" from Analysts

Key Points

• Yelp Inc. has received a consensus rating of "Reduce" from six research firms, with two analysts recommending a sell and four a hold.
• The company's stock price target has been adjusted to $34.00 on average, with Bank of America lowering its target from $31.00 to $30.00.
• Yelp reported $0.67 EPS for the last quarter, surpassing expectations of $0.48, and has set its FY 2025 guidance at EPS of 2.22.

Yelp Inc. (NYSE:YELP - Get Free Report) has been given a consensus rating of "Reduce" by the six research firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $34.00.

Several research firms recently weighed in on YELP. Bank of America reduced their target price on shares of Yelp from $31.00 to $30.00 and set an "underperform" rating for the company in a research note on Friday, August 8th. Wall Street Zen downgraded Yelp from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th.

Yelp Trading Down 2.5%

YELP opened at $30.94 on Friday. The business has a 50 day moving average of $32.91 and a 200-day moving average of $34.82. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 14.00, a P/E/G ratio of 0.79 and a beta of 1.03. Yelp has a 1-year low of $29.96 and a 1-year high of $41.72.

Yelp (NYSE:YELP - Get Free Report) last released its earnings results on Thursday, August 7th. The local business review company reported $0.67 EPS for the quarter, beating 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 firm had revenue of $370.39 million during the quarter, compared to analysts' expectations of $365.71 million. During the same period in the prior year, the company earned $0.54 EPS. The business's quarterly revenue was up 3.7% compared to the same quarter last year. Yelp has set its FY 2025 guidance at EPS. Equities analysts predict that Yelp will post 2.22 EPS for the current year.

Insider Buying and Selling at Yelp

In other Yelp news, Director Dan Jedda sold 2,794 shares of the business's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $35.68, for a total value of $99,689.92. Following the sale, the director owned 18,564 shares of the company's stock, valued at $662,363.52. The trade was a 13.08% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Craig Saldanha sold 1,200 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $31.17, for a total transaction of $37,404.00. Following the completion of the transaction, the insider owned 203,700 shares of the company's stock, valued at approximately $6,349,329. This represents a 0.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,494 shares of company stock worth $1,305,389 over the last three months. 8.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Yelp

Institutional investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. increased its position in shares of Yelp by 835.8% during the 2nd quarter. Osaic Holdings Inc. now owns 8,132 shares of the local business review company's stock worth $299,000 after purchasing an additional 7,263 shares in the last quarter. Neuberger Berman Group LLC bought a new stake in Yelp during the second quarter worth about $266,000. State of Wyoming increased its holdings in shares of Yelp by 100.1% during the second quarter. State of Wyoming now owns 12,208 shares of the local business review company's stock worth $418,000 after buying an additional 6,106 shares in the last quarter. Public Sector Pension Investment Board raised its stake in shares of Yelp by 4.6% in the second quarter. Public Sector Pension Investment Board now owns 255,093 shares of the local business review company's stock valued at $8,742,000 after acquiring an additional 11,158 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Yelp by 339.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,587 shares of the local business review company's stock worth $260,000 after acquiring an additional 5,862 shares in the last quarter. 90.11% of the stock is owned by institutional investors and hedge funds.

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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