Trade Report: Today, B. Riley Reaffirmed “Neutral” Rating for Yelp Inc. (YELP)

Today, B. Riley Reaffirmed “Neutral” Rating for Yelp Inc. (YELP)

Yelp Inc. (NYSE:YELP)‘s stock had its “neutral” rating reaffirmed by equities researchers at B. Riley in a research report issued on Tuesday. They currently have a $36.00 target price on the local business review company’s stock. B. Riley’s price objective would indicate a potential downside of 6.52% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on the stock. Vetr upgraded shares of Yelp from a “buy” rating to a “strong-buy” rating and set a $43.15 price target for the company in a research report on Monday, October 17th. Cantor Fitzgerald restated a “buy” rating on shares of Yelp in a report on Friday, August 19th. Zacks Investment Research cut shares of Yelp from a “hold” rating to a “sell” rating in a report on Thursday, October 20th. Finally, Wells Fargo & Co. cut shares of Yelp from a “market perform” rating to an “underperform” rating and lifted their price objective for the company from $27.59 to $30.38 in a report on Wednesday, July 13th. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eighteen have given a buy rating to the company’s stock. Yelp has a consensus rating of “Hold” and an average price target of $37.00.

Yelp (NYSE:YELP) traded down 1.23% during midday trading on Tuesday, reaching $38.51. 538,633 shares of the company were exchanged. Yelp has a 52 week low of $14.53 and a 52 week high of $43.36. The firm has a 50-day moving average price of $36.39 and a 200-day moving average price of $33.37. The company’s market capitalization is $3.02 billion.

Yelp (NYSE:YELP) last announced its quarterly earnings results on Wednesday, November 2nd. The local business review company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.25. Yelp had a negative net margin of 5.23% and a negative return on equity of 4.58%. The business earned $186.20 million during the quarter, compared to analysts’ expectations of $183 million. During the same period last year, the business earned $0.03 earnings per share. The business’s revenue for the quarter was up 29.7% on a year-over-year basis. Equities research analysts anticipate that Yelp will post ($0.14) earnings per share for the current fiscal year.

In related news, Director Geoffrey L. Donaker sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 18th. The shares were sold at an average price of $36.59, for a total value of $146,360.00. Following the transaction, the director now owns 4,000 shares in the company, valued at $146,360. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeremy Stoppelman sold 263,000 shares of the firm’s stock in a transaction that occurred on Friday, September 23rd. The shares were sold at an average price of $40.00, for a total transaction of $10,520,000.00. The disclosure for this sale can be found here. Insiders own 11.08% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Dai Ichi Life Holdings Inc. acquired a new position in Yelp during the third quarter valued at approximately $1,250,000. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Yelp during the third quarter valued at about $8,922,000. Whale Rock Capital Management LLC increased its stake in shares of Yelp by 82.0% in the third quarter. Whale Rock Capital Management LLC now owns 272,960 shares of the local business review company’s stock valued at $11,382,000 after buying an additional 122,960 shares during the period. Ardsley Advisory Partners purchased a new stake in shares of Yelp during the third quarter valued at about $250,000. Finally, HBK Investments L P purchased a new stake in shares of Yelp during the third quarter valued at about $767,000. Hedge funds and other institutional investors own 74.92% of the company’s stock.

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