Yelp (NYSE:YELP) Upgraded at Evercore ISI

Evercore ISI upgraded shares of Yelp (NYSE:YELP) to a hold rating in a research note published on Monday morning,Zacks.com reports.

A number of other research analysts also recently issued reports on YELP. Wolfe Research started coverage on shares of Yelp in a research report on Tuesday, July 16th. They set a “peer perform” rating on the stock. JPMorgan Chase & Co. cut their price objective on shares of Yelp from $38.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. StockNews.com raised shares of Yelp from a “buy” rating to a “strong-buy” rating in a report on Monday. Robert W. Baird cut their price target on Yelp from $39.00 to $37.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Finally, The Goldman Sachs Group lowered Yelp from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $46.00 to $38.00 in a research report on Monday, October 14th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $37.00.

Yelp Stock Down 1.2 %

YELP stock opened at $36.43 on Monday. The business has a fifty day moving average of $34.54 and a 200-day moving average of $35.68. The company has a market cap of $2.44 billion, a P/E ratio of 21.81, a PEG ratio of 0.71 and a beta of 1.33. Yelp has a twelve month low of $32.56 and a twelve month high of $48.99.

Insider Transactions at Yelp

In other news, insider Carmen Amara sold 12,854 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $38.17, for a total transaction of $490,637.18. Following the completion of the sale, the insider now owns 88,813 shares of the company’s stock, valued at $3,389,992.21. This represents a 12.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Sam Eaton sold 10,776 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $35.00, for a total transaction of $377,160.00. Following the sale, the chief technology officer now owns 145,171 shares in the company, valued at approximately $5,080,985. The trade was a 6.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,630 shares of company stock valued at $1,105,937 over the last three months. 7.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Yelp

A number of large investors have recently added to or reduced their stakes in YELP. Pacer Advisors Inc. boosted its position in Yelp by 1.8% during the 3rd quarter. Pacer Advisors Inc. now owns 2,743,899 shares of the local business review company’s stock worth $96,256,000 after acquiring an additional 48,363 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Yelp by 2.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,693,819 shares of the local business review company’s stock worth $62,587,000 after purchasing an additional 33,046 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Yelp by 5.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,174,607 shares of the local business review company’s stock valued at $41,205,000 after purchasing an additional 56,618 shares in the last quarter. FMR LLC grew its position in Yelp by 13.7% in the third quarter. FMR LLC now owns 654,059 shares of the local business review company’s stock valued at $22,944,000 after purchasing an additional 78,585 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Yelp by 0.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 586,820 shares of the local business review company’s stock valued at $21,683,000 after buying an additional 4,547 shares during the last quarter. Institutional investors own 90.11% of the company’s stock.

Yelp Company Profile

Yelp Inc operates a platform that connects consumers with local businesses in the United States and internationally. The company's platform covers various categories, including restaurants, shopping, beauty and fitness, health, and other categories, as well as home, local, auto, professional, pets, events, real estate, and financial services.