Yelp (NYSE:YELP) Reaching An Inflection Point; Guggenheim Coverage Initiated as Neutral


How Guggenheim Currently Rates Yelp (NYSE:YELP)

The Investment firm Guggenheim has have started coverage on Yelp (NYSE:YELP)’s stock, rating it Neutral. This was issued in an analyst research report on Monday, 21 December.

From a total of 29 analysts covering Yelp (NYSE:YELP) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $62 while the lowest target price is $17.5. The mean of all analyst targets is $31.5 with a 15.26% above today’s ($26.74) stock price. Yelp was the topic of 36 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets upgraded shares on November 13 to “Outperform” rating. SunTrust maintained shares with “Buy” rating and $32 target share price in a report from a September 25. Barclays Capital maintained YELP stock in a recent report from October 29 with “Equal-Weight” rating. Northland Capital maintained the rating on September 24. Northland Capital has a “Under Perform” rating and a $17.75 price target on shares. Finally, Roth Capital initiated the stock with “Sell” rating in a report issued on an October 28.

Approximately 270,164 shares of stock traded hands. Yelp Inc (NYSE:YELP) has declined 41.65% since May 18, 2015 and is downtrending. It has underperformed by 35.84% the S&P500.

The overall sentiment of institutions has decreased to 0.63 in Q2 2015. Its down 0.87, from 1.5 in 2015Q2. The ratio dived, as 90 institutions have sold all the shares of Yelp Inc that they owned while 60 funds have taken shares off the table. 29 funds have purchased shares for the first time while 65 added to their positions. These institutions now hold 49.74 million shares or 17.75% less than the 60.47 million shares they owned in 2015Q2.

The Fund Tybourne Capital Management Hk Ltd currently is holding shares equating to 9.38% of its total portfolio in Yelp Inc representing a total of 6.15 million shares. Another fund,Stonerise Capital Management Llc, is holding a total of 891,800 shares equating to 8.54% of their holdings. Additionally, Dragoneer Investment Group Llc has a 767,636 share stake in Yelp Inc which represents 6.54% of their total portfolio. The Fund, Brightfield Capital Management Llc, based out of New York, has also built up a stake in the stock, which represents a total of 5.56% of their total portfolio. Finally Kerrisdale Advisers Llc, a fund which is based in the state of New York reported a total holdings of 739,664 shares.

Insider activity is a very important aspect to track on any stock. Going back to March 5, 2015, shareholders of Yelp Inc have witnessed 0 buys, and a total of 14 sales equating to a net activity of approximately $2.41 million . Donaker Geoffrey L sold 6,000 shares worth approximately $134,297. Nachman Joseph R sold 385 shares worth approximately $9,123. Wilson Laurence sold 385 shares worth approximately $9,123. Stoppelman Jeremy sold 8,000 shares worth approximately $284,878. The company insider Krolik Robert J sold 15,000 shares worth $729,797.

Yelp Inc. connects people with local businesses by bringing ‘word of mouth’ online and providing a platform for businesses and clients to engage and transact. The company has a market cap of $2.07 billion. The Firm provides local business review sites. It has 240.21 P/E ratio. Yelp provides a platform for clients to share their everyday local business experiences, through reviews, tips, photos and videos, and engage directly with businesses, through reviews and its Message the Business feature.

According to Zacks Investment Research, “Yelp, Inc. is a website engaged in providing information through online community offering social networking. It covers restaurants, shopping, nightlife, financial services, health and a variety of services. The company serves customers in the United States, Canada, the United Kingdom, Ireland, France, Germany, Austria, the Netherlands, Spain, Italy, Switzerland and Belgium. Yelp, Inc. is headquartered in San Francisco, California.”