Yelp Sees Unusually High Options Volume (YELP)
Shares of Yelp (NASDAQ:YELP) was the target of unusually large options trading on Tuesday. Traders bought 29,566 call options on the company, AR Network reports. This is an increase of approximately 275% compared to the typical volume of 7,890 call options.
In other Yelp news, CEO Jeremy Stoppelman sold 14,706 shares of the company’s stock on the open market in a transaction dated Monday, October 28th. The stock was sold at an average price of $67.03, for a total transaction of $985,743.18. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on YELP. Analysts at Northland Securities raised their price target on shares of Yelp from $51.00 to $80.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at Northland Capital Partners raised their price target on shares of Yelp from $51.00 to $80.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Finally, 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. Thirteen research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Yelp has a consensus rating of “Buy” and a consensus price target of $58.01.
Yelp (NASDAQ:YELP) traded up 1.83% on Tuesday, hitting $68.83. 6,091,321 shares of the company’s stock traded hands. Yelp has a one year low of $16.32 and a one year 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 $4.489 billion.
Yelp (NASDAQ:YELP) last posted its quarterly earnings results on Tuesday, October 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.03. The company had revenue of $61.20 million for the quarter, compared to the consensus estimate of $59.40 million. During the same quarter in the prior year, the company posted ($0.03) earnings per share. The company’s quarterly revenue was up 68.1% 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.
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.