Analysts at UBS AG raised their target price on shares of Yelp (NASDAQ:YELP) from $42.00 to $70.00 in a research report issued to clients and investors on Thursday, American Banking & Market News reports. The firm currently has a “neutral” rating on the stock. UBS AG’s price target points to a potential upside of 8.39% from the company’s current price.
A number of other analysts have also recently weighed in on YELP. Analysts at Barclays Capital initiated coverage on shares of Yelp (NASDAQ:YELP) in a research note to investors on Friday, September 6th. They set an “overweight” rating on the stock. Separately, analysts at Deutsche Bank initiated coverage on shares of Yelp (NASDAQ:YELP) in a research note to investors on Friday, September 6th. They set a “buy” rating and a $81.00 price target on the stock. Finally, analysts at MKM Partners raised their price target on shares of Yelp (NASDAQ:YELP) from $55.00 to $71.00 in a research note to investors on Monday, August 5th. They now have a “buy” rating on the stock.
Twelve investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Yelp currently has a consensus rating of “Buy” and a consensus price target of $48.15.
Shares of Yelp (NASDAQ:YELP) traded down 1.19% on Thursday, hitting $63.81. 3,310,784 shares of the company’s stock traded hands. Yelp has a one year low of $16.32 and a one year high of $66.24. The stock’s 50-day moving average is $51.52 and its 200-day moving average is $34.61. The company’s market cap is $4.162 billion. Yelp also was the recipient of unusually large options trading activity on Monday. Stock investors acquired 6,666 put options on the company. This represents an increase of approximately 111% compared to the typical volume of 3,164 put options.
Yelp (NASDAQ:YELP) last announced its earnings results on Wednesday, July 31st. The company reported ($0.01) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.04) by $0.03. The company had revenue of $55.02 million for the quarter, compared to the consensus estimate of $53.28 million. During the same quarter in the prior year, the company posted ($0.03) earnings per share. The company’s quarterly revenue was up 68.3% on a year-over-year basis. On average, analysts predict that Yelp will post $-0.11 earnings per share for the current fiscal year.
In other Yelp news, CEO Jeremy Stoppelman unloaded 14,706 shares of the company’s stock on the open market in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $62.14, for a total transaction of $913,830.84. The sale was disclosed in a filing with the SEC, which is available at this link.
Yelp Inc connects people with great local businesses. Its users have contributed a total of approximately 36.