Yelp Inc Receives a Hold from Wells Fargo

Wells Fargo analyst Peter Stabler maintained a Hold rating on Yelp Inc (NYSE: YELP) today and set a price target of $47. The company’s shares closed yesterday at $47.75, close to its 52-week high of $48.40.

According to TipRanks.com, Stabler is a 5-star analyst with an average return of 26.6% and a 78.8% success rate. Stabler covers the Technology sector, focusing on stocks such as ANGI Homeservices Inc, IAC/InterActiveCorp, and Match Group Inc.

Currently, the analyst consensus on Yelp Inc is Hold and the average price target is $44.75, representing a -6.3% downside.

In a report released today, 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 December 31, the company reported a quarterly net profit of $142 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.