Yelp Inc. (YELP) Given a $30.00 Price Target by Roth Capital Analysts

Yelp Inc. (YELP) Given a $30.00 Price Target by Roth Capital Analysts

Yelp Inc. (NYSE:YELP) received a $30.00 price objective from stock analysts at Roth Capital in a research note issued to investors on Tuesday. The brokerage currently has a “sell” rating on the local business review company’s stock. Roth Capital’s price target indicates a potential downside of 27.55% from the company’s current price.

A number of other equities analysts also recently issued reports on the company. B. Riley reiterated a “neutral” rating and set a $36.00 price target on shares of Yelp in a research note on Thursday, November 3rd. MKM Partners reiterated a “buy” rating and set a $48.00 price target on shares of Yelp in a research note on Friday, December 23rd. Piper Jaffray Companies set a $36.00 price target on Yelp and gave the company a “hold” rating in a research note on Wednesday, November 2nd. Vetr upgraded Yelp from a “buy” rating to a “strong-buy” rating and set a $41.70 price target for the company in a research note on Wednesday, November 30th. Finally, Macquarie reiterated an “outperform” rating and set a $49.00 price target on shares of Yelp in a research note on Sunday, December 4th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nineteen have issued a buy rating to the stock. Yelp currently has an average rating of “Hold” and an average target price of $37.87.

Shares of Yelp (NYSE:YELP) opened at 41.41 on Tuesday. Yelp has a 12-month low of $14.53 and a 12-month high of $43.41. The company’s market cap is $3.25 billion. The company’s 50-day moving average price is $40.63 and its 200 day moving average price is $37.67.

In other Yelp news, SVP Michael Stoppelman sold 8,736 shares of the stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $38.19, for a total value of $333,627.84. Following the transaction, the senior vice president now directly owns 132,903 shares in the company, valued at $5,075,565.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Geoffrey L. Donaker sold 4,000 shares of the stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $36.73, for a total transaction of $146,920.00. Following the completion of the transaction, the director now owns 4,000 shares in the company, valued at $146,920. The disclosure for this sale can be found here. Insiders sold 168,236 shares of company stock worth $6,720,358 in the last 90 days. 11.08% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aperio Group LLC raised its stake in Yelp by 0.8% in the third quarter. Aperio Group LLC now owns 12,530 shares of the local business review company’s stock worth $523,000 after buying an additional 98 shares during the period. State Board of Administration of Florida Retirement System raised its stake in Yelp by 0.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 97,398 shares of the local business review company’s stock worth $3,714,000 after buying an additional 313 shares during the period. Prudential Financial Inc. raised its stake in 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 during the period. Commerzbank Aktiengesellschaft FI raised its stake in Yelp by 11.4% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 7,696 shares of the local business review company’s stock worth $293,000 after buying an additional 789 shares during the period. Finally, California State Teachers Retirement System raised its stake in Yelp by 0.9% in the third quarter. California State Teachers Retirement System now owns 146,294 shares of the local business review company’s stock worth $6,100,000 after buying an additional 1,300 shares during the period. Institutional investors and hedge funds own 73.52% of the company’s stock.

Yelp Company Profile

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.

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