Yelp Inc. (NYSE:YELP) Director Geoffrey L. Donaker sold 6,000 shares of the company’s stock in a transaction dated Tuesday, September 27th. The shares were sold at an average price of $39.97, for a total transaction of $239,820.00. Following the completion of the transaction, the director now owns 6,000 shares in the company, valued at $239,820. The transaction was disclosed in a filing with the SEC, which is available at this link.
Yelp Inc. (NYSE:YELP) opened at 40.98 on Friday. The company has a 50-day moving average price of $38.33 and a 200-day moving average price of $28.72. Yelp Inc. has a 52 week low of $14.53 and a 52 week high of $41.85. The stock’s market cap is $3.17 billion.
Yelp (NYSE:YELP) last announced its quarterly earnings results on Tuesday, August 9th. The local business review company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.08. Yelp had a negative return on equity of 6.14% and a negative net margin of 7.20%. The firm had revenue of $173.40 million for the quarter, compared to analysts’ expectations of $169.82 million. During the same period in the prior year, the business posted $0.12 earnings per share. The business’s revenue was up 29.5% compared to the same quarter last year. Analysts anticipate that Yelp Inc. will post ($0.19) earnings per share for the current year.
A number of research analysts have issued reports on YELP shares. Vetr lowered shares of Yelp from a “strong-buy” rating to a “buy” rating and set a $33.32 target price on the stock. in a report on Monday, July 4th. MKM Partners upgraded shares of Yelp from a “neutral” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Thursday, June 30th. Jefferies Group reiterated a “buy” rating and set a $28.00 price objective on shares of Yelp in a report on Monday, June 27th. Needham & Company LLC reiterated a “buy” rating and set a $34.00 price objective (up from $28.00) on shares of Yelp in a report on Thursday, June 23rd. Finally, Deutsche Bank AG upgraded shares of Yelp from a “hold” rating to a “buy” rating and increased their price objective for the stock from $26.00 to $33.00 in a report on Monday, June 20th. Four investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and nineteen have given a buy rating to the company’s stock. Yelp presently has a consensus rating of “Hold” and a consensus target price of $35.61.
A number of hedge funds have recently made changes to their positions in YELP. UBS Group AG raised its position in Yelp by 107.1% in the first quarter. UBS Group AG now owns 31,436 shares of the local business review company’s stock worth $625,000 after buying an additional 474,072 shares in the last quarter. Fisher Asset Management LLC raised its position in Yelp by 2.8% in the second quarter. Fisher Asset Management LLC now owns 391,351 shares of the local business review company’s stock worth $11,670,000 after buying an additional 10,486 shares in the last quarter. Geduld E E acquired a new position in Yelp during the second quarter worth approximately $304,000. OMERS ADMINISTRATION Corp acquired a new position in Yelp during the first quarter worth approximately $364,000. Finally, Canada Pension Plan Investment Board acquired a new position in Yelp during the first quarter worth approximately $475,000. Hedge funds and other institutional investors own 74.90% of the company’s stock.
Yelp Inc (Yelp) connects people with local businesses by bringing word of mouth online and providing a platform for businesses and consumers to engage and transact. The Company provides local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences, through reviews, tips, photos and videos, and engages directly with businesses, through reviews, phone calls and its Message the Business feature.
Receive News & Ratings for Yelp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yelp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.