Insider Selling: Max Levchin Unloads 35,198 Shares of Yelp Stock (YELP)
Yelp (NASDAQ:YELP) Director Max Levchin unloaded 35,198 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $68.20, for a total value of $2,400,503.60. The sale 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 JPMorgan Chase & Co. set a $75.00 price target on shares of Yelp in a research note to investors on Monday, October 14th. 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 research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Yelp has a consensus rating of “Buy” and a consensus target price of $55.11.
Yelp (NASDAQ:YELP) traded down 0.60% on Monday, hitting $67.59. 2,912,106 shares of the company’s stock traded hands. Yelp has a 52 week low of $16.32 and a 52 week high of $66.24. The stock’s 50-day moving average is $52.81 and its 200-day moving average is $35.11. The company’s market cap is $4.408 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.
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