Yelp (YELP) Sees Coverage Initiated By Wedbush with a $60.0 Price

September 15, 2018 - By Mona Holcomb

Yelp Inc. (NYSE:YELP) Logo

Investors sentiment increased to 1.61 in 2018 Q2. Its up 0.70, from 0.91 in 2018Q1. It increased, as 24 investors sold Yelp Inc. shares while 43 reduced holdings. 39 funds opened positions while 69 raised stakes. 66.69 million shares or 7.02% more from 62.32 million shares in 2018Q1 were reported.

14,798 are owned by Gam Ag. Hsbc Public Ltd Co invested in 0% or 22,982 shares. Raymond James And Assocs owns 22,155 shares or 0% of their US portfolio. 32,631 were reported by Ajo L P. Vanguard holds 6.85M shares or 0.01% of its portfolio. Moreover, Grp Incorporated has 0.01% invested in Yelp Inc. (NYSE:YELP). Voya Invest Mgmt Lc accumulated 0% or 32,717 shares. Cambiar Limited Company holds 0.08% or 114,522 shares. Winslow Evans & Crocker, a Massachusetts-based fund reported 500 shares. Gargoyle Inv Advisor Lc owns 9,017 shares or 0.2% of their US portfolio. Northern Trust invested in 1.02M shares. Secor Cap Lp owns 121,195 shares or 0.41% of their US portfolio. Millennium Management Limited Liability accumulated 0.03% or 497,336 shares. Two Sigma Secs Limited Liability Company invested in 0% or 8,843 shares. Grp Incorporated One Trading Limited Partnership stated it has 0.02% of its portfolio in Yelp Inc. (NYSE:YELP).

Since March 20, 2018, it had 0 insider buys, and 37 selling transactions for $13.33 million activity. 10,500 Yelp Inc. (NYSE:YELP) shares with value of $470,619 were sold by Nachman Joseph R. Shares for $94,000 were sold by Donaker Geoffrey L.

Why Has Wedbush Given Yelp (YELP) a $60.0 Price Target

Stock analysts at Wedbush initiated coverage on shares of Yelp (YELP) in a research note revealed to investors and clients on Friday, 14 September. The firm set Outperform rating on the stock. Wedbush’s PT of $60.0 suggests potential of 30.61 % from the stock’s last stock close.

The stock increased 0.24% or $0.11 during the last trading session, reaching $46.05. About 1.45 million shares traded. Yelp Inc. (YELP) has risen 4.26% since September 15, 2017 and is uptrending. It has underperformed by 11.36% the S&P500.

Analysts await Yelp Inc. (NYSE:YELP) to report earnings on November, 7. They expect $0.06 earnings per share, down 33.33 % or $0.03 from last year’s $0.09 per share. YELP’s profit will be $5.02 million for 191.88 P/E if the $0.06 EPS becomes a reality. After $0.12 actual earnings per share reported by Yelp Inc. for the previous quarter, Wall Street now forecasts -50.00 % negative EPS growth.

Yelp Inc. operates a platform that connects people with local businesses in the United States, Canada, and internationally. The company has market cap of $3.85 billion. The Company’s platform covers various local business categories, including restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others. It has a 26.27 P/E ratio. The firm provides free and paid business listing services to businesses, as well as enables businesses to deliver targeted search advertising to large local audiences through its Website and mobile application.

More notable recent Yelp Inc. (NYSE:YELP) news were published by: Seekingalpha.com which released: “Yelp: The Unexpected Recovery” on August 27, 2018, also 247Wallst.com with their article: “Short Sellers Can’t Make Up Their Minds on Social Media Stocks” published on September 13, 2018, Bizjournals.com published: “Yelp says these are the 20 most photographed businesses in Louisville (GALLERY)” on September 12, 2018. More interesting news about Yelp Inc. (NYSE:YELP) were released by: Bizjournals.com and their article: “Denver’s top 25 burger spots, according to Yelp (Photos)” published on September 11, 2018 as well as Streetinsider.com‘s news article titled: “Wedbush Starts Yelp (YELP) at Outperform; Added to Best Ideas List” with publication date: September 13, 2018.

Yelp Inc. (NYSE:YELP) Institutional Positions Chart

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