Yelp CEO Sells $980,596 in Stock (YELP)
Yelp (NASDAQ:YELP) CEO Jeremy Stoppelman unloaded 14,706 shares of Yelp stock on the open market in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $66.68, for a total value of $980,596.08. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $49.59.
Shares of Yelp (NASDAQ:YELP) traded up 2.33% during mid-day trading on Wednesday, hitting $68.93. The stock had a trading volume of 2,426,507 shares. Yelp has a 1-year low of $16.32 and a 1-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 was the recipient of unusually large options trading activity on Monday. Stock traders purchased 7,636 put options on the stock. This represents an increase of approximately 105% compared to the typical 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 (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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