Insider Selling: Max Levchin Sells 35,198 Shares of Yelp Stock (YELP)
Yelp (NASDAQ:YELP) Director Max Levchin unloaded 35,198 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $66.14, for a total transaction of $2,327,995.72. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at CRT Capital initiated coverage on shares of Yelp (NASDAQ:YELP) in a research note to investors on Thursday, September 19th. 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 investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Yelp presently has an average rating of “Buy” and a consensus price target of $49.59.
Yelp (NASDAQ:YELP) traded up 2.33% on Wednesday, hitting $68.93. The stock had a trading volume of 2,426,507 shares. Yelp has a one year low of $16.32 and a one year high of $71.50. The stock has a 50-day moving average of $56.8 and a 200-day moving average of $37.54. The company’s market cap is $4.495 billion. Yelp also saw unusually large options trading on Monday. Stock investors bought 7,636 put options on the company. This represents an increase of approximately 105% compared to the typical daily volume of 3,723 put options.
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. 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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