Insider Selling: Joseph Nachman Sells 9,380 Shares of Yelp Stock (YELP)
Yelp (NASDAQ:YELP) SVP Joseph Nachman sold 9,380 shares of the stock on the open market in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $65.96, for a total transaction of $618,704.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. set a $75.00 price target on shares of Yelp in a research note to investors on Monday. Separately, 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. Finally, 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. Thirteen analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $55.11.
Yelp (NASDAQ:YELP) traded down 0.75% on Tuesday, hitting $67.82. The stock had a trading volume of 2,515,094 shares. Yelp has a one year low of $16.32 and a one year high of $73.45. The stock has a 50-day moving average of $63.86 and a 200-day moving average of $42.0. The company’s market cap is $4.423 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. On average, analysts predict that Yelp will post $-0.10 earnings per share for the current fiscal year.
Yelp Inc connects people with great local businesses. Its users have contributed a total of approximately 36.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.