Yelp Inc. (NYSE:YELP) Director Geoffrey L. Donaker sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $41.55, for a total value of $249,300.00. Following the completion of the transaction, the director now owns 6,000 shares in the company, valued at approximately $249,300. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Yelp Inc. (NYSE:YELP) opened at 41.13 on Friday. The company’s 50-day moving average price is $38.95 and its 200-day moving average price is $29.48. The company’s market cap is $3.18 billion. Yelp Inc. has a 12 month low of $14.53 and a 12 month high of $43.36.
Yelp (NYSE:YELP) last posted its quarterly earnings results on Tuesday, August 9th. The local business review company reported $0.01 EPS for the quarter, topping the Zacks’ 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 firm earned $173.40 million during the quarter, compared to analyst estimates of $169.82 million. During the same period last year, the company earned $0.12 earnings per share. The business’s revenue for the quarter was up 29.5% on a year-over-year basis. Analysts anticipate that Yelp Inc. will post ($0.19) EPS for the current year.
Institutional investors have recently bought and sold shares of the company. Emerald Acquisition Ltd. bought a new position in Yelp during the second quarter worth approximately $112,000. Legal & General Group Plc raised its position 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 worth $174,000 after buying an additional 2,197 shares during the last quarter. IBM Retirement Fund bought a new position in Yelp during the second quarter worth approximately $209,000. Private Advisor Group LLC bought a new position in Yelp during the second quarter worth approximately $231,000. Finally, Concourse Capital Management LLC bought a new position in Yelp during the second quarter worth approximately $278,000. 74.90% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have weighed in on YELP shares. Vetr lowered Yelp from a “strong-buy” rating to a “buy” rating and set a $33.32 target price on the stock. in a research note on Monday, July 4th. MKM Partners raised Yelp from a “neutral” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Thursday, June 30th. Jefferies Group reissued a “buy” rating and issued a $28.00 target price on shares of Yelp in a research note on Monday, June 27th. Needham & Company LLC reissued a “buy” rating and issued a $34.00 target price (up previously from $28.00) on shares of Yelp in a research note on Thursday, June 23rd. Finally, Deutsche Bank AG raised Yelp from a “hold” rating to a “buy” rating and increased their target price for the company from $26.00 to $33.00 in a research note on Monday, June 20th. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-one have issued a buy rating to the stock. Yelp presently has an average rating of “Hold” and an average price target of $36.02.
Yelp Company Profile
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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