Yelp Inc. (NYSE:YELP) COO Joseph R. Nachman sold 5,000 shares of the stock in a transaction on Monday, October 10th. The shares were sold at an average price of $41.06, for a total value of $205,300.00. Following the completion of the sale, the chief operating officer now owns 122,023 shares of the company’s stock, valued at approximately $5,010,264.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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 value of $93,924.60.
Shares of Yelp Inc. (NYSE:YELP) opened at 36.50 on Monday. The firm’s 50-day moving average is $39.18 and its 200-day moving average is $30.23. Yelp Inc. has a 12-month low of $14.53 and a 12-month high of $43.36. The firm’s market cap is $2.82 billion.
Yelp (NYSE:YELP) last announced its earnings results on Tuesday, August 9th. The local business review company reported $0.01 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $173.40 million for the quarter, compared to analyst estimates of $169.82 million. During the same quarter in the prior year, the business posted $0.12 EPS. The business’s revenue was up 29.5% compared to the same quarter last year. Analysts predict that Yelp Inc. will post ($0.19) earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Marshall Wace LLP raised its position in shares of 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 worth $47,975,000 after buying an additional 1,558,603 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its position in shares of Yelp by 1,840.8% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 526,360 shares of the local business review company’s stock worth $15,980,000 after buying an additional 499,239 shares during the last quarter. UBS Group AG raised its position in shares of 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 during the last quarter. Orbis Allan Gray Ltd acquired a new position in shares of Yelp during the first quarter worth about $7,734,000. Finally, Tairen Capital Ltd acquired a new position in shares of Yelp during the second quarter worth about $9,293,000. Hedge funds and other institutional investors own 74.90% of the company’s stock.
A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded Yelp from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a report on Tuesday, July 12th. Mizuho upgraded Yelp from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $24.00 to $40.00 in a report on Wednesday, August 10th. RBC Capital Markets reiterated an “outperform” rating and set a $48.00 price objective (up from $36.00) on shares of Yelp in a report on Thursday, August 11th. Vetr lowered Yelp from a “buy” rating to a “hold” rating and set a $42.74 price objective for the company. in a report on Tuesday, September 27th. Finally, Royal Bank Of Canada increased their price objective on Yelp from $36.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, August 10th. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price 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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