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| PNN | 7644 |
| Work Detail | Yelp Inc. (NYSE:YELP)‘s stock had its “buy” rating reiterated by Jefferies Group in a report released on Tuesday. They currently have a $42.00 price objective on the local business review company’s stock. Jefferies Group’s target price points to a potential upside of 8.30% from the stock’s current price. Shares of Yelp (NYSE:YELP) traded up 2.50% on Tuesday, hitting $39.75. The stock had a trading volume of 444,699 shares. The firm’s market capitalization is $3.07 billion. Yelp has a 1-year low of $14.53 and a 1-year high of $39.86. The firm has a 50 day moving average of $34.35 and a 200-day moving average of $26.23. Yelp (NYSE:YELP) last released its quarterly earnings results on Tuesday, August 9th. The local business review company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.08. The firm earned $173.40 million during the quarter, compared to the consensus estimate of $169.82 million. During the same period in the previous year, the company posted $0.12 EPS. The company’s revenue for the quarter was up 29.5% compared to the same quarter last year. Equities analysts predict that Yelp will post ($0.19) earnings per share for the current year. Several other research analysts have also recently weighed in on YELP. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $38.00 price target on shares of Yelp in a report on Monday, May 9th. B. Riley reaffirmed a “neutral” rating and issued a $22.00 price target on shares of Yelp in a report on Thursday, May 12th. Vetr raised shares of Yelp from a “strong sell” rating to a “sell” rating and set a $22.00 price target on the stock in a report on Thursday, May 12th. Maxim Group initiated coverage on shares of Yelp in a report on Friday, June 3rd. They issued a “buy” rating and a $41.00 price target on the stock. Finally, Citigroup reaffirmed a “buy” rating and issued a $27.00 price target on shares of Yelp in a report on Tuesday, June 7th. Five analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nineteen have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $34.20. In related news, COO Geoffrey L. Donaker sold 6,000 shares of Yelp stock in a transaction on Wednesday, June 8th. The shares were sold at an average price of $27.11, for a total transaction of $162,660.00. Following the transaction, the chief operating officer now owns 6,000 shares in the company, valued at approximately $162,660. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Joseph R. Nachman sold 2,508 shares of Yelp stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $37.45, for a total transaction of $93,924.60. The disclosure for this sale can be found here. A number of hedge funds recently made changes to their positions in YELP. UBS Group AG boosted its stake in shares of Yelp by 107.1% in the first quarter. UBS Group AG now owns 31,436 shares of the local business review company’s stock valued at $625,000 after buying an additional 474,072 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Yelp by 2.8% in the second quarter. Fisher Asset Management LLC now owns 391,351 shares of the local business review company’s stock valued at $11,670,000 after buying an additional 10,486 shares during the last quarter. Maverick Capital Ltd. boosted its stake in shares of Yelp by 177.6% in the fourth quarter. Maverick Capital Ltd. now owns 4,360,359 shares of the local business review company’s stock valued at $125,578,000 after buying an additional 2,789,557 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new stake in shares of Yelp during the first quarter valued at approximately $364,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Yelp during the first quarter valued at approximately $475,000. 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 provides local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences, through reviews, tips, photos and videos, and engages directly with businesses, through reviews, phone calls and its Message the Business feature |
| Country | United States , Northern America |
| Industry | Financial Services |
| Entry Date | 15 Oct 2016 |
| Source | http://www.com-unik.info/2016/09/06/yelp-inc-yelp-given-buy-rating-at-jefferies-group.html |
