Yelp Inc. (NYSE:YELP) CEO Jeremy Stoppelman sold 13,000 shares of the stock in a transaction that occurred on Thursday, September 29th. The shares were sold at an average price of $41.52, for a total value of $539,760.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Jeremy Stoppelman also recently made the following trade(s):
- On Friday, September 23rd, Jeremy Stoppelman sold 263,000 shares of Yelp stock. The stock was sold at an average price of $40.00, for a total value of $10,520,000.00.
Yelp Inc. (NYSE:YELP) opened at 42.10 on Wednesday. The firm’s 50 day moving average price is $38.69 and its 200 day moving average price is $29.30. The firm’s market cap is $3.26 billion. Yelp Inc. has a 52-week low of $14.53 and a 52-week high of $42.16.
Yelp (NYSE:YELP) last released its earnings results on Tuesday, August 9th. The local business review company reported $0.01 EPS for the quarter, topping the consensus estimate 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 business earned $173.40 million during the quarter, compared to analysts’ expectations of $169.82 million. During the same quarter last year, the firm posted $0.12 earnings per share. The firm’s revenue was up 29.5% on a year-over-year basis. Equities research analysts anticipate that Yelp Inc. will post ($0.19) EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in YELP. Emerald Acquisition Ltd. acquired a new stake in Yelp during the second quarter valued at approximately $112,000. Legal & General Group Plc boosted its stake in Yelp by 62.0% in the second quarter. Legal & General Group Plc now owns 5,742 shares of the local business review company’s stock valued at $174,000 after buying an additional 2,197 shares in the last quarter. IBM Retirement Fund acquired a new stake in Yelp during the second quarter valued at approximately $209,000. Private Advisor Group LLC acquired a new stake in Yelp during the second quarter valued at approximately $231,000. Finally, Concourse Capital Management LLC acquired a new stake in Yelp during the second quarter valued at approximately $278,000. 74.90% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently commented on YELP. Vetr raised Yelp from a “hold” rating to a “buy” rating and set a $42.74 target price for the company in a research report on Monday. Macquarie raised their target price on Yelp from $39.00 to $46.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 7th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $42.00 target price on shares of Yelp in a research report on Tuesday, September 27th. Maxim Group raised their target price on Yelp from $42.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday, September 26th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $42.00 target price on shares of Yelp in a research report on Tuesday, September 6th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $35.61.
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.
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