Insider Selling: Jeremy Stoppelman Sells 14,706 Shares of Yelp Stock (YELP)
Yelp (NASDAQ:YELP) CEO Jeremy Stoppelman sold 14,706 shares of Yelp stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $71.84, for a total value of $1,056,479.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on YELP shares. 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. Yelp presently has a consensus rating of “Buy” and a consensus target price of $54.06.
Shares of Yelp (NASDAQ:YELP) traded down 1.75% during mid-day trading on Wednesday, hitting $63.47. The stock had a trading volume of 4,703,398 shares. Yelp has a 52 week low of $16.32 and a 52 week high of $73.45. The stock has a 50-day moving average of $62.14 and a 200-day moving average of $40.78. The company’s market cap is $4.139 billion. Yelp also saw unusually large options trading on Tuesday. Traders acquired 15,778 call options on the company. This represents an increase of approximately 131% compared to the average daily volume of 6,841 call 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 $-0.10 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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