Yelp Inc Gets a Hold Rating from Barclays

By Carrie Williams

In a report issued on November 2, Deepak Mathivanan from Barclays maintained a Hold rating on Yelp Inc (NYSE: YELP), with a price target of $43. The company’s shares closed on Friday at $46.07, close to its 52-week high of $48.17.

According to TipRanks.com, Mathivanan is a 4-star analyst with an average return of 20.0% and a 55.2% success rate. Mathivanan covers the Technology sector, focusing on stocks such as Endurance International, Rightside Group, and Facebook Inc.

Currently, the analyst consensus on Yelp Inc is Moderate Buy and the average price target is $46.60, representing a 1.2% upside.

In a report issued on November 2, Cantor Fitzgerald also maintained a Hold rating on the stock with a $47 price target.

Based on Yelp Inc’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $222 million and quarterly net profit of $7.95 million. In comparison, last year the company earned revenue of $186 million and had a net profit of $2.07 million.

Based on the recent corporate insider activity of 103 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2017, Laurence Wilson, the CAO of YELP sold 10,000 shares for a total of $420,000.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Yelp, Inc. hosts an online database of user-generated reviews of local businesses. It provides reviews on local businesses, which include restaurants, boutiques and salons, dentists, mechanics and plumbers.