B.Riley FBR Seems to Have Gained Confidence In Yelp Inc (NYSE:YELP), Upgrades Stocks

May 18, 2018 - By Winifred Garcia

Yelp Inc. (NYSE:YELP) Logo

Investors sentiment increased to 1.33 in 2017 Q4. Its up 0.48, from 0.85 in 2017Q3. It increased, 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.

Eminence Cap L P has invested 1.33% in Yelp Inc. (NYSE:YELP). Victory Capital Mgmt invested in 0% or 32,580 shares. Metropolitan Life Insur New York holds 0.01% or 25,308 shares. Macquarie Gp Limited holds 0.05% or 730,680 shares in its portfolio. Smith Thomas W owns 8.51% invested in Yelp Inc. (NYSE:YELP) for 241,480 shares. Principal Financial Grp invested in 48,045 shares or 0% of the stock. Zacks Invest Management holds 0.02% or 19,995 shares in its portfolio. Fuller And Thaler Asset Mgmt, California-based fund reported 233,650 shares. Sumitomo Mitsui Asset Management has invested 1.6% of its portfolio in Yelp Inc. (NYSE:YELP). Ahl Ptnrs Limited Liability Partnership has invested 0.02% in Yelp Inc. (NYSE:YELP). Dimensional Fund Advisors Limited Partnership reported 86,107 shares stake. Great West Life Assurance Can has invested 0% in Yelp Inc. (NYSE:YELP). Oppenheimer holds 0.01% of its portfolio in Yelp Inc. (NYSE:YELP) for 9,274 shares. Hap Trading Limited Liability has invested 0.45% of its portfolio in Yelp Inc. (NYSE:YELP). Teacher Retirement Of Texas stated it has 26,592 shares.

Since December 12, 2017, it had 0 buys, and 30 sales for $11.35 million activity. Nachman Joseph R sold $645,257 worth of Yelp Inc. (NYSE:YELP) on Friday, April 20. Stoppelman Jeremy sold $561,935 worth of stock.

Yelp Inc (NYSE:YELP) Stock Upgrade

The stock rating of Yelp Inc (NYSE:YELP) shares was increased by expert analysts at B.Riley FBR to a respectable “Buy”. They currently have a TP of $58.0000 on YELP. B.Riley FBR’s TP gives a possible upside of 26.09 % from the current stock price of the company.

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 company was maintained on Wednesday, January 24 by Bank of America. As per Monday, December 18, the company rating was maintained by J.P. Morgan. The stock of Yelp Inc. (NYSE:YELP) has “Buy” rating given on Wednesday, February 7 by RBC Capital Markets. The firm earned “Buy” rating on Thursday, February 8 by Bank of America. The company was maintained on Thursday, February 8 by Credit Suisse. The stock of Yelp Inc. (NYSE:YELP) earned “Overweight” rating by JP Morgan on Monday, December 18. On Thursday, February 8 the stock rating was maintained by Stifel Nicolaus with “Hold”. Piper Jaffray maintained the shares of YELP in report on Thursday, February 8 with “Sell” rating. The company was downgraded on Thursday, December 7 by PiperJaffray. The stock has “Equal-Weight” rating by Morgan Stanley 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 $1.67 million 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: Benzinga.com which released: “Alon Rosin’s Yelp Trade Ahead Of Earnings” on May 10, 2018, also Benzinga.com with their article: “Benzinga’s Top Upgrades, Downgrades For May 18, 2018” published on May 18, 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: Seekingalpha.com and their article: “Yelp: Another Dip Opportunity” published on May 14, 2018 as well as Seekingalpha.com‘s news article titled: “Yelp +3.4% as B. Riley boosts to Buy” with publication date: May 18, 2018.

Yelp Inc. (NYSE:YELP) Institutional Positions Chart

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