Yelp Inc. (NYSE:YELP) COO Joseph R. Nachman sold 25,864 shares of the business’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $41.36, for a total transaction of $1,069,735.04. Following the completion of the transaction, the chief operating officer now owns 142,887 shares of the company’s stock, valued at approximately $5,909,806.32. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Joseph R. Nachman also recently made the following trade(s):
- On Tuesday, August 23rd, Joseph R. Nachman sold 2,508 shares of Yelp stock. The shares were sold at an average price of $37.45, for a total transaction of $93,924.60.
Yelp Inc. (NYSE:YELP) opened at 40.66 on Monday. The company’s market cap is $3.14 billion. The stock’s 50 day moving average is $39.03 and its 200 day moving average is $29.62. Yelp Inc. has a 1-year low of $14.53 and a 1-year high of $43.36.
Yelp (NYSE:YELP) last posted its earnings results on Tuesday, August 9th. The local business review company reported $0.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.08. The business had revenue of $173.40 million for the quarter, compared to analyst estimates of $169.82 million. Yelp had a negative net margin of 7.20% and a negative return on equity of 6.14%. Yelp’s revenue was up 29.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.12 EPS. Equities analysts anticipate that Yelp Inc. will post ($0.19) earnings per share for the current fiscal year.
Several analysts have commented on YELP shares. Tigress Financial reiterated a “buy” rating on shares of Yelp in a research report on Tuesday, June 14th. Deutsche Bank AG upgraded shares of Yelp from a “hold” rating to a “buy” rating and upped their target price for the company from $26.00 to $33.00 in a research report on Monday, June 20th. Needham & Company LLC reiterated a “buy” rating and set a $34.00 target price (up previously from $28.00) on shares of Yelp in a research report on Thursday, June 23rd. Vetr cut shares of Yelp from a “strong-buy” rating to a “buy” rating and set a $33.07 target price for the company. in a research report on Thursday, June 23rd. Finally, Jefferies Group reiterated a “buy” rating and set a $28.00 target price on shares of Yelp in a research report on Monday, June 27th. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-one have issued a buy rating to the company. Yelp has a consensus rating of “Hold” and a consensus price target of $36.03.
A number of hedge funds have recently bought and sold shares of YELP. Emerald Acquisition Ltd. purchased a new stake in Yelp during the second quarter worth $112,000. Legal & General Group Plc raised 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 worth $174,000 after buying an additional 2,197 shares during the period. IBM Retirement Fund purchased a new stake in Yelp during the second quarter worth $209,000. Private Advisor Group LLC purchased a new stake in Yelp during the second quarter worth $231,000. Finally, Concourse Capital Management LLC purchased a new stake in Yelp during the second quarter worth $278,000. 74.90% of the stock is currently owned by institutional investors and hedge funds.
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.