Yelp COO Unloads $1,648,750 in Stock (YELP)
Yelp (NASDAQ:YELP) COO Geoffrey Donaker sold 25,000 shares of Yelp stock on the open market in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $65.95, for a total value of $1,648,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $55.11.
Yelp (NASDAQ:YELP) traded down 0.75% during mid-day trading on Tuesday, hitting $67.82. The stock had a trading volume of 2,515,094 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 $63.86 and its 200-day moving average is $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 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. 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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