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.
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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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.
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