Yelp SVP Unloads $373,013 in Stock (YELP)
Yelp (NASDAQ:YELP) SVP Laurence Wilson unloaded 5,250 shares of the company’s stock on the open market in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $71.05, for a total transaction of $373,012.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Yelp from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, October 3rd. They now have a $74.60 price target on the stock. Separately, analysts at Wunderlich raised their price target on shares of Yelp from $53.00 to $82.00 in a research note to investors on Thursday, October 3rd. They now have a “buy” rating on the stock. Finally, analysts at Needham & Company reiterated a “buy” rating on shares of Yelp in a research note to investors on Tuesday, October 1st. They now have a $78.00 price target on the stock. Thirteen equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $54.06.
Shares of Yelp (NASDAQ:YELP) traded down 7.62% on Tuesday, hitting $64.60. The stock had a trading volume of 6,799,915 shares. Yelp has a 52 week low of $16.32 and a 52 week high of $73.45. The stock’s 50-day moving average is $61.70 and its 200-day moving average is $40.49. The company’s market cap is $4.213 billion. Yelp also saw some unusual options trading activity on Tuesday. Traders bought 15,778 call options on the company. This represents an increase of 131% compared to the average volume of 6,841 call options.
Yelp (NASDAQ:YELP) last announced its earnings results on Wednesday, July 31st. The company reported ($0.01) EPS for the quarter, beating the Thomson Reuters 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 $-0.10 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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