Yelp Inc (NYSE:YELP) Director Geoffrey L. Donaker sold 6,000 shares of the stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $44.08, for a total value of $264,480.00. Following the transaction, the director now owns 10,055 shares of the company’s stock, valued at approximately $443,224.40. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Yelp Inc (NYSE YELP) opened at $46.62 on Friday. The stock has a market cap of $3,864.29, a PE ratio of 1,554.00, a P/E/G ratio of 7.18 and a beta of 1.11. Yelp Inc has a one year low of $26.93 and a one year high of $48.40.
YELP has been the subject of a number of research reports. Zacks Investment Research cut Yelp from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. Bank of America increased their target price on Yelp from $52.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. JPMorgan Chase & Co. increased their target price on Yelp from $52.00 to $55.00 and gave the stock an “overweight” rating in a report on Monday, December 18th. KeyCorp set a $54.00 target price on Yelp and gave the stock a “buy” rating in a report on Thursday, November 16th. Finally, Piper Jaffray Companies reiterated an “underweight” rating and set a $37.00 target price (down previously from $38.00) on shares of Yelp in a report on Thursday, December 7th. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eighteen have assigned a buy rating to the company. Yelp currently has a consensus rating of “Hold” and a consensus price target of $43.66.
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Yelp Company Profile
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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