Insider Selling: Yelp SVP Sells 9,380 Shares of Stock (YELP)
Yelp (NASDAQ:YELP) SVP Joseph Nachman sold 9,380 shares of Yelp stock on the open market in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $63.02, for a total transaction of $591,127.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on YELP shares. Analysts at UBS AG raised their price target on shares of Yelp (NASDAQ:YELP) from $42.00 to $70.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Separately, analysts at Barclays Capital initiated coverage on shares of Yelp (NASDAQ:YELP) in a research note to investors on Friday, September 6th. They set an “overweight” rating on the stock. Finally, analysts at Deutsche Bank initiated coverage on shares of Yelp (NASDAQ:YELP) in a research note to investors on Friday, September 6th. They set a “buy” rating and a $81.00 price target on the stock.
Twelve analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $48.15.
Yelp (NASDAQ:YELP) traded down 1.25% on Thursday, hitting $63.77. The stock had a trading volume of 3,572,179 shares. Yelp has a 52 week low of $16.32 and a 52 week high of $66.24. The stock’s 50-day moving average is $51.86 and its 200-day moving average is $34.61. The company’s market cap is $4.159 billion. Yelp also was the target of unusually large options trading activity on Monday. Traders purchased 6,666 put options on the company. This is an increase of 111% compared to the average daily volume of 3,164 put options.
Yelp (NASDAQ:YELP) last issued its quarterly earnings data on Wednesday, July 31st. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.03. The company had revenue of $55.02 million for the quarter, compared to the consensus estimate of $53.28 million. During the same quarter in the previous year, the company posted ($0.03) earnings per share. The company’s revenue for the quarter was up 68.3% on a year-over-year basis. Analysts expect that Yelp will post $-0.11 EPS for the current fiscal year.
Yelp Inc connects people with great local businesses. Its users have contributed a total of approximately 36.
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