Yelp (NYSE:YELP) to Repurchase $200.00 million in Stock


Oppenheimer downgraded Yelp Inc (NYSE:YELP) on Wednesday, July 29 to "Perform" rating.

Both companies also reported results after the bell. Vetr raised Yelp from a "hold" rating to a "buy" rating and set a $36.94 price objective for the company in a research report on Wednesday, May 3rd.

YELP has been the topic of several other research reports. The analysts noted that the move was a valuation call. Roth Capital set a $28.00 price target on shares of Yelp and gave the company a "sell" rating in a research report on Monday, April 10th. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seventeen have assigned a buy rating to the company. Yelp has an average rating of "Hold" and a consensus price target of $35.76. The company has market cap of $3.21 billion. Yelp Inc. has a one year low of $26.93 and a one year high of $43.41. Morgan Stanley maintained it with "Equal-Weight" rating and $26 target in Thursday, July 20 report. Investors purchased 62,135 put options on the stock. This is an increase of approximately 1,632% compared to the average daily volume of 3,587 put options.

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The reason why JioPhone can't support WhatsApp for the time being is because of the operating system that the phone runs on. The deposit will be refunded in full after a period of three years, but only if the user returns the device.

The deal, which Yelp disclosed in its Q2 earnings announcement on Thursday, is subject to closing conditions, including antitrust approval. The brokerage now has a "sector perform" rating on the local business review company's stock. The online food delivery platform declared second-quarter revenue up 32 percent to $159 million, slightly above the $158 million expected on average by analysts, according to Thomson Reuters data. Florida-based Raymond James & has invested 0% in Yelp Inc (NYSE:YELP). The company expects full-year revenue in the range of $642 million to $662 million. Macquarie Group Ltd. now owns 1,723,136 shares of the local business review company's stock valued at $65,703,000 after buying an additional 794,636 shares in the last quarter. On average, equities research analysts predict that Yelp will post ($0.08) earnings per share for the current fiscal year. "(YELP) Upgraded to "Buy" at MKM Partners" was reported by Rincon Hill News and is the sole property of of Rincon Hill News. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of United States and worldwide copyright legislation. The legal version of this article can be read at $123,000 worth of Yelp Inc (NYSE:YELP) was sold by Donaker Geoffrey L on Tuesday, June 13. Baker Charles sold 12,176 shares worth $343,728. After $-0.06 actual earnings per share reported by Yelp Inc for the previous quarter, Wall Street now forecasts -50.00% EPS growth. The disclosure for this sale can be found here. Following the transaction, the director now directly owns 9,590 shares of the company's stock, valued at approximately $341,979.40.

COPYRIGHT VIOLATION WARNING: "Yelp Inc". Flinton Capital Management LLC acquired a new stake in shares of Yelp during the first quarter valued at $205,000. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Yelp by 24.2% in the first quarter. Dimensional Fund Advisors LP increased its position in Yelp by 14.3% in the fourth quarter. Teachers Advisors LLC now owns 423,099 shares of the local business review company's stock worth $16,133,000 after buying an additional 137,513 shares during the last quarter. The rating was maintained by Deutsche Bank on Wednesday, August 10 with "Buy".

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. This repurchase authorization allows the local business review company to purchase up to 7.9% of its shares through open market purchases.