Yelp Inc. (NYSE:YELP – Get Free Report) shares traded down 6.5% during trading on Monday . The company traded as low as $24.22 and last traded at $23.91. 73,050 shares traded hands during trading, a decline of 94% from the average daily volume of 1,290,208 shares. The stock had previously closed at $25.56.

YELP has been the subject of a number of research analyst reports. Evercore set a $30.00 price target on Yelp in a research note on Monday, May 11th. Morgan Stanley cut their price objective on Yelp from $28.00 to $24.00 and set an “underweight” rating on the stock in a research report on Friday, May 15th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Yelp in a research note on Friday. Zacks Research upgraded Yelp from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 14th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Yelp from $22.00 to $26.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $27.57.

Read Our Latest Analysis on YELP

The stock has a market cap of $1.33 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 2.76 and a beta of 0.46. The business has a fifty day moving average of $24.87 and a 200-day moving average of $24.83. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.75 and a quick ratio of 1.74.

Yelp (NYSE:YELP – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The local business review company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.36 by $0.21. Yelp had a return on equity of 19.52% and a net margin of 8.59%.The company had revenue of $375.52 million for the quarter, compared to the consensus estimate of $366.89 million. During the same period last year, the business posted $0.67 EPS. Yelp’s quarterly revenue was up 1.4% on a year-over-year basis. Equities research analysts anticipate that Yelp Inc. will post 1.84 earnings per share for the current year.

In other news, Director Christine Barone sold 15,507 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $22.95, for a total transaction of $355,885.65. Following the transaction, the director owned 15,928 shares in the company, valued at approximately $365,547.60. This trade represents a 49.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 17,507 shares of company stock worth $402,481 in the last 90 days. Company insiders own 8.30% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in YELP. OP Asset Management Ltd bought a new stake in Yelp during the 1st quarter valued at $14,796,000. Qube Research & Technologies Ltd raised its position in shares of Yelp by 399.0% in the 2nd quarter. Qube Research & Technologies Ltd now owns 725,214 shares of the local business review company’s stock worth $24,853,000 after acquiring an additional 579,894 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Yelp by 20.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,683,927 shares of the local business review company’s stock worth $66,402,000 after acquiring an additional 457,261 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Yelp by 1,144.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 351,006 shares of the local business review company’s stock worth $12,029,000 after purchasing an additional 322,810 shares during the last quarter. Finally, LSV Asset Management lifted its stake in shares of Yelp by 11.6% during the 4th quarter. LSV Asset Management now owns 2,682,238 shares of the local business review company’s stock worth $81,513,000 after purchasing an additional 279,300 shares during the last quarter. 90.11% of the stock is owned by hedge funds and other institutional investors.

(Get Free Report)

Yelp is a digital platform that connects consumers with local businesses through user-generated reviews, ratings and multimedia content. The company’s flagship offerings include the Yelp website and mobile applications for iOS and Android, where users can search for and discover restaurants, shops, service providers and other points of interest. In addition to crowd-sourced reviews and photographs, Yelp provides business profile pages featuring hours, contact information, menus and direct messaging capabilities.

Yelp generates revenue primarily through advertising services sold to small and medium-sized enterprises.

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