Yelp Sees Unusually Large Options Volume (YELP)
Shares of Yelp (NASDAQ:YELP) was the recipient of some unusual options trading activity on Monday. Traders bought 7,636 put options on the stock, Stock Ratings Network reports. This represents an increase of approximately 105% compared to the average daily volume of 3,723 put options.
In other Yelp news, CEO Jeremy Stoppelman sold 14,706 shares of the company’s stock on the open market in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $64.27, for a total value of $945,154.62. The transaction was disclosed in a document filed with the SEC, which is available at this link.
YELP has been the subject of a number of recent research reports. Analysts at CRT Capital initiated coverage on shares of Yelp (NASDAQ:YELP) in a research note to investors on Thursday. They set a “fair value” rating on the stock. Separately, analysts at Needham & Company raised their price target on shares of Yelp (NASDAQ:YELP) from $52.00 to $78.00 in a research note to investors on Wednesday, September 18th. They now have a “buy” rating on the stock. Finally, 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, September 12th. They now have a “neutral” rating on the stock.
Thirteen equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Yelp presently has a consensus rating of “Buy” and a consensus target price of $49.59.
Shares of Yelp (NASDAQ:YELP) traded down 6.03% on Monday, hitting $65.80. The stock had a trading volume of 6,084,297 shares. Yelp has a 52 week low of $16.32 and a 52 week high of $71.50. The stock’s 50-day moving average is $56.22 and its 200-day moving average is $36.73. The company’s market cap is $4.291 billion.
Yelp (NASDAQ:YELP) last issued its quarterly earnings data on Wednesday, July 31st. The company reported ($0.01) earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.03) earnings per share. Yelp’s revenue was up 68.3% compared to the same quarter last year. 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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