Brokerage firm research analysts covering Yelp Inc. Vetr now has $35.95 cost goal on the nearby enterprise review firm’s inventory. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. Competitors include Google Inc, TripAdvisor Inc and GrubHub Inc. The 50-day moving average is $42.98 and the 200 day moving average is recorded at $47.23. The shares have been rated as hold from 14 Wall Street Analysts.
Advertisement
Several analysts have recently commented on the stock. (NYSE:YELP) has been given a high momentum style score. The company has a market cap of $2.58 billion and a P/E ratio of 70.67.
(NYSE:YELP) last issued its quarterly earnings data on Wednesday, April 29th. Yelp sees third-quarter net revenue of between $139 million and $142 million, well below current projections of $153 million in sales.
The developments announced Tuesday raised more doubts about Yelp’s ability to survive on its own, although CEO Jeremy Stoppelman told analysts in a conference company that he “is building the company to operate independently over the long-term”.
As of this writing, shares of Yelp were down 15.29% at $28.36 per share in after-hours trading.
The firm maintained its “buy” rating and $68 price target on the stock. Finally, B. Riley re-stated a sell rating and set a $30.50 price objective on shares of Yelp in a study report on Saturday, July 11th. The stock presently has an average rating of “Buy” and an average price target of $61.14. The stock is down -38% year-to-date, and has been especially volatile since May when the company juggled the idea of selling itself. The stock was sold at the average price of $35.61, for a total value of $284,880.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Advertisement
Yelp Inc. connects people with great local businesses. The Company’s users have contributed a total of approximately 52.8 million cumulative reviews of nearly every type of local business, from restaurants, boutiques and salons to dentists, mechanics and plumbers. Its platform provides local businesses with a range of free and paid services, which help them to engage with consumers at moment when they are deciding where to spend their money. As of December 31, 2012, the Company was active in 53 Yelp markets in the United States and 44 Yelp markets internationally. The Business’s products contain Search, Improved List, Free Internet Business Accounts as well as Other Advertisements, and Call to Actions.
