Yelp Director Unloads $2,511,729 in Stock (YELP)
Yelp (NASDAQ:YELP) Director Max Levchin sold 35,198 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $71.36, for a total transaction of $2,511,729.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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 1-year low of $16.32 and a 1-year high of $73.45. The stock’s 50-day moving average is $62.14 and its 200-day moving average is $40.78. The company’s market cap is $4.139 billion. Yelp also was the recipient of unusually large options trading on Tuesday. Investors purchased 15,778 call options on the stock. This represents an increase of 131% compared to the typical volume of 6,841 call options.
Yelp (NASDAQ:YELP) last posted its quarterly earnings results 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. On average, analysts predict that Yelp will post $-0.10 earnings per share for the current fiscal year.
A number of research firms have recently commented on YELP. 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 analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Yelp has an average rating of “Buy” and an average price target of $54.06.
Yelp Inc connects people with great local businesses. Its users have contributed a total of approximately 36.
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