Yelp Inc Receives a Rating Update from a Top Analyst

Oppenheimer analyst Jason Helfstein maintained a Hold rating on Yelp Inc (NYSE: YELP) today. The company’s shares closed yesterday at $47.75, close to its 52-week high of $48.40.

Helfstein noted:

“We are maintaining our Perform rating after Yelp reported better 1Q results, but mixed guidance, as 2Q EBITDA is below the Street and FY guidance was in line. 1Q beat on revenue and EBITDA, though the latter is mostly associated with the sale of Eat24. Mobile Web UV and App Unique Devices growths decelerated. Yelp is shifting toward non-term contracts, resulting in lower monetization in the short term. 2Q EBITDA guided 10% below consensus. Request-a-Quote “requests” exceeded 4M in 1Q18 covering 1M professionals. Management commentary on $23M annual revenue run- rate suggests majority of the professionals are receiving requests for free. On ’19E, stock trading at 3x sales and 16x EBITDA, which seems fair for a late-stage, sub- scale internet platform.”

According to TipRanks.com, Helfstein is a top 100 analyst with an average return of 18.7% and a 67.8% success rate. Helfstein covers the Technology sector, focusing on stocks such as Endurance International, ANGI Homeservices Inc, and IAC/InterActiveCorp.

Yelp Inc has an analyst consensus of Hold, with a price target consensus of $44.75.

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Yelp Inc’s market cap is currently $4B and has a P/E ratio of 27.76. The company has a Price to Book ratio of 3.64.

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.

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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.