Media coverage about Yelp (NYSE:YELP) has trended somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Yelp earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media headlines about the local business review company an impact score of 44.9293283126471 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news stories that may have impacted Accern’s scoring:
- Angkor Awakens: A Portrait of Cambodia User Reviews (tribute.ca)
- Yelp Inc. (YELP) Downgraded by BidaskClub to “Hold” (americanbankingnews.com)
- Movie reviews: ‘Happy Death Day’ decent murder mystery turned spiritual rebirth story (ctvnews.ca)
- Reviews and reforms: the future of B.C.’s employment act (cbc.ca)
- Geoffrey L. Donaker Sells 6,000 Shares of Yelp Inc. (YELP) Stock (americanbankingnews.com)
YELP has been the topic of several research reports. Roth Capital set a $21.00 target price on Yelp and gave the stock a “sell” rating in a report on Monday, July 31st. Robert W. Baird reaffirmed a “neutral” rating on shares of Yelp in a report on Monday, July 3rd. B. Riley reaffirmed a “neutral” rating and issued a $36.00 target price on shares of Yelp in a report on Friday, August 4th. Barclays PLC reaffirmed an “equal weight” rating and issued a $36.00 target price (up from $28.00) on shares of Yelp in a report on Friday, August 4th. Finally, BidaskClub raised Yelp from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, twenty have issued a hold rating and eighteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $40.58.
Shares of Yelp (NYSE:YELP) opened at 43.65 on Monday. The company has a market cap of $3.57 billion, a P/E ratio of 276.27 and a beta of 1.34. Yelp has a 1-year low of $26.93 and a 1-year high of $46.76. The stock’s 50 day moving average is $43.67 and its 200 day moving average is $35.59.
Yelp (NYSE:YELP) last posted its quarterly earnings data on Thursday, August 3rd. The local business review company reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.12. The firm had revenue of $209.90 million during the quarter, compared to analysts’ expectations of $204.89 million. Yelp had a net margin of 1.67% and a return on equity of 1.60%. The firm’s quarterly revenue was up 21.0% on a year-over-year basis. During the same quarter last year, the company posted $0.16 EPS. On average, analysts predict that Yelp will post $0.07 earnings per share for the current year.
Yelp declared that its board has authorized a share buyback program on Thursday, August 3rd that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the local business review company to buy up to 7.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.
In related news, SVP Laurence Wilson sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $42.00, for a total transaction of $420,000.00. Following the completion of the transaction, the senior vice president now owns 191,947 shares of the company’s stock, valued at approximately $8,061,774. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Geoffrey L. Donaker sold 42,000 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $40.00, for a total transaction of $1,680,000.00. Following the transaction, the director now directly owns 47,590 shares of the company’s stock, valued at approximately $1,903,600. The disclosure for this sale can be found here. Insiders have sold a total of 232,610 shares of company stock valued at $9,758,430 in the last ninety days. 10.10% of the stock is currently owned by corporate insiders.
Yelp Inc (Yelp) connects people with local businesses by bringing ‘word of mouth’ online and providing a platform for businesses and consumers to engage and transact. The Company offers local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences with other consumers by posting reviews, tips, photos and videos, and to engage directly with businesses, through reviews, its Request-A-Quote and Message the Business features, and by completing transactions on the Yelp Platform.
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