The Yelp Inc (YELP) Given “Neutral” Rating at Susquehanna Bancshares Inc

The Yelp Inc (YELP) Given “Neutral” Rating at Susquehanna Bancshares Inc

Other equities research analysts have also recently issued reports about the company. Vetr cut Yelp from a “buy” rating to a “hold” rating and set a $44.44 price objective for the company. in a research note on Wednesday, February 1st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $46.00 price objective on shares of Yelp in a research note on Monday, February 6th. Royal Bank of Canada set a $55.00 price objective on Yelp and gave the stock a “buy” rating in a research note on Monday, February 6th. Roth Capital set a $30.00 price objective on Yelp and gave the stock a “sell” rating in a research note on Tuesday, February 7th. Finally, Wedbush lifted their price objective on Yelp from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Friday, February 10th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and sixteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $35.36.

Yelp Inc (NYSE:YELP)‘s stock had its “neutral” rating reiterated by Susquehanna Bancshares Inc in a report issued on Friday, May 12th. They presently have a $22.00 price target on the local business review company’s stock, down from their prior price target of $35.00. Susquehanna Bancshares Inc’s price target would indicate a potential downside of 23.58% from the stock’s previous close.

Yelp (NYSE YELP) opened at 28.79 on Friday. Yelp has a 52 week low of $25.93 and a 52 week high of $43.41. The company has a market cap of $2.32 billion, a PE ratio of 389.05 and a beta of 2.11. The company’s 50-day moving average price is $31.40 and its 200 day moving average price is $35.43.

Yelp (NYSE:YELP) last released its earnings results on Tuesday, May 9th. The local business review company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. The company had revenue of $197.32 million during the quarter, compared to the consensus estimate of $198.51 million. Yelp had a negative return on equity of 2.34% and a negative net margin of 2.42%. The firm’s quarterly revenue was up 24.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.08 earnings per share. On average, analysts anticipate that Yelp will post ($0.08) EPS for the current year. In other news, Director Geoffrey L. Donaker sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $36.00, for a total value of $144,000.00. Following the transaction, the director now owns 9,590 shares of the company’s stock, valued at $345,240. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Joseph R. Nachman sold 3,500 shares of the stock in a transaction that occurred on Thursday, April 27th. The stock was sold at an average price of $35.99, for a total value of $125,965.00. Following the sale, the chief operating officer now directly owns 141,404 shares in the company, valued at approximately $5,089,129.96. The disclosure for this sale can be found here. Insiders sold 67,121 shares of company stock worth $2,105,186 in the last ninety days. 11.08% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of YELP. Chicago Equity Partners LLC bought a new stake in shares of Yelp during the third quarter worth about $700,000. Stoneridge Investment Partners LLC bought a new stake in shares of Yelp during the third quarter worth about $1,019,000. Bank of New York Mellon Corp increased its stake in shares of Yelp by 2.9% in the third quarter. Bank of New York Mellon Corp now owns 223,954 shares of the local business review company’s stock worth $9,339,000 after buying an additional 6,291 shares in the last quarter. US Bancorp DE increased its stake in shares of Yelp by 3,181.0% in the third quarter. US Bancorp DE now owns 3,970 shares of the local business review company’s stock worth $165,000 after buying an additional 3,849 shares in the last quarter. Finally, Prudential Financial Inc. increased its stake in shares of Yelp by 4.3% in the third quarter. Prudential Financial Inc. now owns 14,500 shares of the local business review company’s stock worth $605,000 after buying an additional 600 shares in the last quarter. 74.24% of the stock is currently owned by institutional investors and hedge funds. About Yelp

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “YELP”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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