Fintel reports that on September 16, 2024, B of A Securities initiated coverage of Yelp (NYSE:YELP) with a Underperform recommendation.
Analyst Price Forecast Suggests 21.43% Upside
As of August 26, 2024, the average one-year price target for Yelp is $41.82/share. The forecasts range from a low of $34.34 to a high of $50.40. The average price target represents an increase of 21.43% from its latest reported closing price of $34.44 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Yelp is 1,441MM, an increase of 4.63%. The projected annual non-GAAP EPS is 1.94.
What is the Fund Sentiment?
There are 645 funds or institutions reporting positions in Yelp. This is an decrease of 20 owner(s) or 3.01% in the last quarter. Average portfolio weight of all funds dedicated to YELP is 0.14%, an increase of 12.23%. Total shares owned by institutions increased in the last three months by 1.67% to 72,150K shares. 
The put/call ratio of YELP is 0.73, indicating a bullish outlook.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 4,362K shares representing 6.52% ownership of the company. In its prior filing, the firm reported owning 4,631K shares , representing a decrease of 6.16%. The firm decreased its portfolio allocation in YELP by 8.25% over the last quarter.
CALF - Pacer US Small Cap Cash Cows 100 ETF holds 2,731K shares representing 4.08% ownership of the company. In its prior filing, the firm reported owning 1,421K shares , representing an increase of 47.99%. The firm increased its portfolio allocation in YELP by 44.68% over the last quarter.
Pacer Advisors holds 2,696K shares representing 4.03% ownership of the company. In its prior filing, the firm reported owning 2,584K shares , representing an increase of 4.15%. The firm decreased its portfolio allocation in YELP by 3.55% over the last quarter.
Acadian Asset Management holds 2,509K shares representing 3.75% ownership of the company. In its prior filing, the firm reported owning 2,547K shares , representing a decrease of 1.51%. The firm decreased its portfolio allocation in YELP by 18.33% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,058K shares representing 3.08% ownership of the company. In its prior filing, the firm reported owning 2,053K shares , representing an increase of 0.27%. The firm decreased its portfolio allocation in YELP by 8.56% over the last quarter.
Yelp Background Information
(This description is provided by the company.)
Yelp Inc. connects people with great local businesses. With unmatched local business information, photos and review content, Yelp provides a one-stop local platform for consumers to discover, connect and transact with local businesses of all sizes by making it easy to request a quote, join a waitlist, and make a reservation, appointment or purchase. Yelp was founded in San Francisco in July 2004.
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