Yelp (NYSE:YELP) Downgraded by Jefferies Financial Group

Jefferies Financial Group lowered shares of Yelp (NYSE:YELP) from a buy rating to a hold rating in a research note released on Monday, Anlyst Ratings reports. They currently have $32.00 target price on the local business review company’s stock. Jefferies Financial Group also issued estimates for Yelp’s Q4 2020 earnings at $0.01 EPS, FY2020 earnings at ($0.54) EPS, FY2021 earnings at $0.27 EPS and FY2022 earnings at $0.57 EPS. The analysts noted that the move was a valuation call.

Other equities research analysts have also issued reports about the company. Stifel Nicolaus boosted their price objective on Yelp from $22.00 to $24.00 and gave the stock a hold rating in a research note on Friday, November 6th. Morgan Stanley boosted their price objective on Yelp from $19.00 to $26.00 and gave the stock an underweight rating in a research note on Tuesday, January 5th. Royal Bank of Canada upgraded Yelp to a buy rating and set a $34.00 price target for the company in a research report on Thursday, December 24th. Credit Suisse Group upped their price target on Yelp from $34.00 to $35.00 and gave the company an outperform rating in a research report on Friday, November 6th. Finally, ValuEngine upgraded Yelp from a hold rating to a buy rating in a research report on Friday, December 18th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $29.82.

NYSE:YELP opened at $31.40 on Monday. Yelp has a 12 month low of $12.89 and a 12 month high of $37.49. The stock has a 50 day moving average of $30.84 and a two-hundred day moving average of $24.94. The firm has a market cap of $2.32 billion, a P/E ratio of -184.70 and a beta of 1.44.

Yelp (NYSE:YELP) last posted its quarterly earnings data on Thursday, November 5th. The local business review company reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.29. Yelp had a negative return on equity of 1.64% and a negative net margin of 1.29%. The company had revenue of $220.80 million during the quarter, compared to analyst estimates of $202.20 million. During the same period in the previous year, the business earned $0.14 EPS. Yelp’s quarterly revenue was down 15.9% on a year-over-year basis. Analysts anticipate that Yelp will post -0.95 earnings per share for the current year.

In other Yelp news, CEO Jeremy Stoppelman sold 346,830 shares of the company’s stock in a transaction on Monday, January 4th. The stock was sold at an average price of $29.98, for a total transaction of $10,397,963.40. Following the transaction, the chief executive officer now directly owns 474,970 shares in the company, valued at $14,239,600.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 1,146,830 shares of company stock worth $35,541,963 over the last 90 days. 9.50% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership lifted its stake in Yelp by 33.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,272,599 shares of the local business review company’s stock worth $25,567,000 after purchasing an additional 319,174 shares in the last quarter. California State Teachers Retirement System lifted its stake in Yelp by 3.0% during the third quarter. California State Teachers Retirement System now owns 107,769 shares of the local business review company’s stock worth $2,165,000 after purchasing an additional 3,126 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in Yelp by 2,376.1% during the second quarter. Public Employees Retirement System of Ohio now owns 43,753 shares of the local business review company’s stock worth $1,012,000 after purchasing an additional 41,986 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Yelp by 18.8% in the third quarter. Fisher Asset Management LLC now owns 4,020,503 shares of the local business review company’s stock valued at $80,772,000 after acquiring an additional 636,874 shares in the last quarter. Finally, Mackay Shields LLC raised its stake in shares of Yelp by 42.6% in the third quarter. Mackay Shields LLC now owns 124,100 shares of the local business review company’s stock valued at $2,493,000 after acquiring an additional 37,100 shares in the last quarter. Institutional investors own 94.97% of the company’s stock.

Yelp Company Profile

Yelp Inc operates a platform that connects consumers with local businesses in the United States, Canada, and internationally. The company's platform covers various local business categories, including restaurants, shopping, home and local services, beauty and fitness, health, and other categories.

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Analyst Recommendations for Yelp (NYSE:YELP)

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