Yelp Inc (YELP) Director Geoffrey L. Donaker Sells 6,000 Shares of Stock

Yelp Inc (NYSE:YELP) Director Geoffrey L. Donaker sold 6,000 shares of Yelp stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $42.06, for a total transaction of $252,360.00. Following the sale, the director now directly owns 9,590 shares in the company, valued at approximately $403,355.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of Yelp Inc (NYSE:YELP) traded down $0.30 during mid-day trading on Friday, hitting $42.82. 932,900 shares of the company were exchanged, compared to its average volume of 1,211,933. The firm has a market capitalization of $3,574.17, a P/E ratio of 194.65, a P/E/G ratio of 3.91 and a beta of 1.22. Yelp Inc has a 12-month low of $26.93 and a 12-month high of $48.40.

Yelp (NYSE:YELP) last issued its earnings results on Wednesday, November 1st. The local business review company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.30. The firm had revenue of $222.40 million during the quarter, compared to the consensus estimate of $220.75 million. Yelp had a net margin of 2.31% and a return on equity of 2.20%. The company’s revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.22 earnings per share. analysts forecast that Yelp Inc will post 0.17 earnings per share for the current year.

Several hedge funds have recently modified their holdings of YELP. Russell Investments Group Ltd. grew its stake in shares of Yelp by 98.8% during the second quarter. Russell Investments Group Ltd. now owns 4,091 shares of the local business review company’s stock worth $123,000 after purchasing an additional 2,033 shares in the last quarter. Strs Ohio acquired a new position in Yelp in the second quarter valued at $108,000. Schwab Charles Investment Management Inc. boosted its stake in Yelp by 85.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 295,390 shares of the local business review company’s stock valued at $8,868,000 after acquiring an additional 136,444 shares in the last quarter. Rhumbline Advisers boosted its stake in Yelp by 12.7% in the second quarter. Rhumbline Advisers now owns 87,716 shares of the local business review company’s stock valued at $2,633,000 after acquiring an additional 9,861 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Yelp by 24.8% in the second quarter. Bank of New York Mellon Corp now owns 294,483 shares of the local business review company’s stock valued at $8,840,000 after acquiring an additional 58,509 shares in the last quarter. Hedge funds and other institutional investors own 85.69% of the company’s stock.

YELP has been the topic of a number of research analyst reports. BidaskClub lowered Yelp from a “buy” rating to a “hold” rating in a research report on Thursday, September 14th. DA Davidson initiated coverage on Yelp in a research report on Friday, September 22nd. They issued a “buy” rating and a $51.00 target price on the stock. Citigroup boosted their target price on Yelp from $42.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, October 2nd. Morgan Stanley reissued an “equal weight” rating and issued a $40.00 target price (up previously from $26.00) on shares of Yelp in a research report on Monday, October 2nd. Finally, KeyCorp reissued a “buy” rating and issued a $54.00 target price on shares of Yelp in a research report on Wednesday, October 4th. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $43.49.

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About Yelp

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 offers local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences with other consumers by posting reviews, tips, photos and videos, and to engage directly with businesses, through reviews, its Request-A-Quote and Message the Business features, and by completing transactions on the Yelp Platform.

Insider Buying and Selling by Quarter for Yelp (NYSE:YELP)

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