Yelp Inc Gets a Hold Rating from Barclays

Barclays analyst Deepak Mathivanan maintained a Hold rating on Yelp Inc (NYSE: YELP) on May 11 and set a price target of $47. The company’s shares closed on Friday at $44.02.

According to TipRanks.com, Mathivanan is a 4-star analyst with an average return of 17.4% and a 69.1% success rate. Mathivanan covers the Technology sector, focusing on stocks such as Mercadolibre, Webcom Group, and Wix.com Ltd.

Currently, the analyst consensus on Yelp Inc is Hold and the average price target is $45.38, representing a 3.1% upside.

In a report issued on May 11, Oppenheimer also maintained a Hold rating on the stock.

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Based on Yelp Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $2.29 million. In comparison, last year the company had a GAAP net loss of $4.78 million.

Based on the recent corporate insider activity of 109 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of YELP in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Yelp, Inc. hosts an online database of user-generated reviews of local businesses. It provides reviews on local businesses, which include restaurants, boutiques and salons, dentists, mechanics and plumbers.