Yelp Inc. Hits New 52-Week High at $73.20 (YELP)
Shares of Yelp (NASDAQ:YELP) hit a new 52-week high during mid-day trading on Wednesday, American Banking and Market News reports. The stock traded as high as $73.20 and last traded at $70.80, with a volume of 2,798,175 shares trading hands. The stock had previously closed at $71.12.
YELP has been the subject of a number of recent research reports. Analysts at Needham & Company reiterated a “buy” rating on shares of Yelp (NASDAQ:YELP) in a research note to investors on Tuesday. They now have a $78.00 price target on the stock. Separately, analysts at Cowen and Company raised their price target on shares of Yelp (NASDAQ:YELP) from $60.00 to $80.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Finally, 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. Thirteen investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Yelp presently has a consensus rating of “Buy” and a consensus price target of $51.31.
In other Yelp news, CEO Jeremy Stoppelman unloaded 14,706 shares of the company’s stock on the open market in a transaction dated 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 legal filing with the SEC, which can be accessed through this link.
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 $59.27 and a 200-day moving average of $39.13. The company’s market cap is $4.587 billion.
Yelp (NASDAQ:YELP) last released its 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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