Yelp Inc. (NYSE:YELP) Director Geoffrey L. Donaker sold 6,000 shares of the company’s stock in a transaction dated Tuesday, October 11th. The shares were sold at an average price of $40.64, for a total transaction of $243,840.00. Following the completion of the sale, the director now directly owns 6,000 shares in the company, valued at $243,840. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Yelp Inc. (NYSE:YELP) opened at 36.50 on Monday. The stock’s 50 day moving average is $39.18 and its 200 day moving average is $30.23. Yelp Inc. has a 1-year low of $14.53 and a 1-year high of $43.36. The company’s market cap is $2.82 billion.
Yelp (NYSE:YELP) last posted its quarterly earnings results on Tuesday, August 9th. The local business review company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.08. Yelp had a negative net margin of 7.20% and a negative return on equity of 6.14%. The company had revenue of $173.40 million for the quarter, compared to analyst estimates of $169.82 million. During the same quarter in the previous year, the firm posted $0.12 earnings per share. The company’s quarterly revenue was up 29.5% compared to the same quarter last year. Equities analysts anticipate that Yelp Inc. will post ($0.19) earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Yelp by 3.4% in the second quarter. Vanguard Group Inc. now owns 4,627,569 shares of the local business review company’s stock valued at $140,493,000 after buying an additional 150,902 shares during the period. Jackson Square Partners LLC raised its stake in Yelp by 4.5% in the second quarter. Jackson Square Partners LLC now owns 2,211,457 shares of the local business review company’s stock valued at $67,139,000 after buying an additional 95,977 shares during the period. Marshall Wace LLP raised its stake in Yelp by 7,215.4% in the second quarter. Marshall Wace LLP now owns 1,580,204 shares of the local business review company’s stock valued at $47,975,000 after buying an additional 1,558,603 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in Yelp by 5.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,489,593 shares of the local business review company’s stock valued at $45,224,000 after buying an additional 75,756 shares during the period. Finally, Macquarie Group Ltd. raised its stake in Yelp by 1.6% in the second quarter. Macquarie Group Ltd. now owns 1,450,951 shares of the local business review company’s stock valued at $44,051,000 after buying an additional 22,868 shares during the period. 74.90% of the stock is currently owned by institutional investors.
A number of brokerages have recently issued reports on YELP. Zacks Investment Research raised shares of Yelp from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Tuesday, July 12th. Mizuho raised shares of Yelp from a “neutral” rating to a “buy” rating and upped their target price for the company from $24.00 to $40.00 in a report on Wednesday, August 10th. RBC Capital Markets reaffirmed an “outperform” rating and issued a $48.00 target price (up from $36.00) on shares of Yelp in a report on Thursday, August 11th. Vetr cut shares of Yelp from a “buy” rating to a “hold” rating and set a $42.74 target price on the stock. in a report on Tuesday, September 27th. Finally, Royal Bank Of Canada upped their target price on shares of Yelp from $36.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, August 10th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Yelp presently has an average rating of “Hold” and a consensus price target of $36.03.
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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