Will the Recent B.Riley FBR Upgrade Help Yelp Inc (NYSE:YELP) Shares This Week?

May 18, 2018 - By Cecil Scoggins

Yelp Inc. (NYSE:YELP) Logo

Investors sentiment increased to 1.33 in Q4 2017. Its up 0.48, from 0.85 in 2017Q3. It improved, as 37 investors sold Yelp Inc. shares while 49 reduced holdings. 44 funds opened positions while 70 raised stakes. 60.57 million shares or 0.90% more from 60.04 million shares in 2017Q3 were reported.

Sumitomo Mitsui Asset Mgmt Limited stated it has 2.54 million shares or 1.6% of all its holdings. Bank & Trust Of America Corporation De has invested 0% of its portfolio in Yelp Inc. (NYSE:YELP). Gsa Partners Ltd Liability Partnership holds 13,002 shares. Century Incorporated has 0% invested in Yelp Inc. (NYSE:YELP) for 43,027 shares. Moreover, Kayne Anderson Rudnick Inv Management Ltd has 0.02% invested in Yelp Inc. (NYSE:YELP) for 63,068 shares. Amer Trust Investment Advsr Lc invested in 77,725 shares. Swiss Natl Bank invested in 132,364 shares. Wells Fargo Mn holds 362,804 shares. Balyasny Asset Mgmt Llc, a Illinois-based fund reported 27,964 shares. Engineers Gate Manager Lp has invested 0.07% in Yelp Inc. (NYSE:YELP). Dimensional Fund Lp accumulated 0% or 86,107 shares. Fred Alger reported 0% in Yelp Inc. (NYSE:YELP). Portolan Cap Mngmt Limited Liability has 100,629 shares. Paloma Prns Mngmt Com invested in 0.01% or 13,719 shares. Lucus Advisors Ltd Liability Co invested 0.48% in Yelp Inc. (NYSE:YELP).

Since December 12, 2017, it had 0 insider buys, and 30 selling transactions for $11.35 million activity. Stoppelman Jeremy sold $554,663 worth of stock or 13,000 shares. Nachman Joseph R had sold 14,500 shares worth $657,273 on Tuesday, March 20.

Yelp Inc (NYSE:YELP) Stock Upgrade

In a note made public on Friday morning, B.Riley FBR decided to upgrade shares of Yelp Inc (NYSE:YELP) to a Buy rating. The firm currently has a respectable $58.0000 target price on YELP shares.

Yelp Inc. (NYSE:YELP) Ratings Coverage

Among 15 analysts covering Yelp (NYSE:YELP), 6 have Buy rating, 2 Sell and 7 Hold. Therefore 40% are positive. Yelp has $60 highest and $36.5000 lowest target. $48.04’s average target is 4.43% above currents $46 stock price. Yelp had 18 analyst reports since December 6, 2017 according to SRatingsIntel. The stock has “Buy” rating by J.P. Morgan on Monday, December 18. The rating was downgraded by PiperJaffray to “Underweight” on Thursday, December 7. Barclays Capital maintained the shares of YELP in report on Thursday, February 8 with “Equal-Weight” rating. The firm has “Buy” rating by SunTrust given on Thursday, February 8. Aegis Capital downgraded the stock to “Hold” rating in Friday, May 11 report. The rating was maintained by Piper Jaffray on Thursday, May 3 with “Sell”. The firm has “Sell” rating by Piper Jaffray given on Thursday, February 8. Credit Suisse maintained the shares of YELP in report on Friday, May 11 with “Outperform” rating. The stock of Yelp Inc. (NYSE:YELP) has “Overweight” rating given on Monday, December 18 by JP Morgan. The rating was maintained by Morgan Stanley with “Equal-Weight” on Thursday, February 8.

The stock increased 1.70% or $0.77 during the last trading session, reaching $46. About 269,418 shares traded. Yelp Inc. (NYSE:YELP) has risen 27.04% since May 18, 2017 and is uptrending. It has outperformed by 15.49% the S&P500.

Analysts await Yelp Inc. (NYSE:YELP) to report earnings on August, 2. They expect $0.02 earnings per share, down 77.78 % or $0.07 from last year’s $0.09 per share. YELP’s profit will be $1.67M for 575.00 P/E if the $0.02 EPS becomes a reality. After $-0.03 actual earnings per share reported by Yelp Inc. for the previous quarter, Wall Street now forecasts -166.67 % 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 26.29 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: Twst.com which released: “Yelp! Inc.: Yelp Releases Local Economic Outlook for Q2 2018” on May 15, 2018, also Bizjournals.com with their article: “Yelp: Here are the top 50 places to eat around the Valley in 2018” published on May 17, 2018, Businesswire.com published: “Yelp Announces Date of First Quarter 2018 Financial Results” on April 26, 2018. More interesting news about Yelp Inc. (NYSE:YELP) were released by: 247Wallst.com and their article: “What to Look For in Yelp Earnings” published on May 10, 2018 as well as Seekingalpha.com‘s news article titled: “Yelp: Another Dip Opportunity” with publication date: May 14, 2018.

Yelp Inc. (NYSE:YELP) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.