Yelp Target of Unusually High Options Trading (YELP)
Shares of Yelp (NASDAQ:YELP) was the recipient of unusually large options trading on Friday. Stock investors bought 8,447 put options on the stock, AnalystRatingsNetwork reports. This represents an increase of 135% compared to the typical volume of 3,596 put options.
In other Yelp news, SVP Joseph R. Nachman unloaded 9,380 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $63.02, for a total value of $591,127.60. The sale was disclosed in a document filed 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 assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $48.15.
Yelp (NASDAQ:YELP) traded down 1.35% during mid-day trading on Friday, hitting $62.91. The stock had a trading volume of 2,442,447 shares. Yelp has a 1-year low of $16.32 and a 1-year high of $66.24. The stock’s 50-day moving average is $52.20 and its 200-day moving average is $34.81. The company’s market cap is $4.103 billion.
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. On average, analysts predict that Yelp will post $-0.11 earnings per share 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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