Yelp Inc. Reaches New 12-Month High at $79.89 (YELP)
Yelp (NASDAQ:YELP)’s share price reached a new 52-week high during trading hours on Wednesday, American Banking News.com reports. The company traded as high as $79.89 and last traded at $79.36, with a volume of 4,766,550 shares traded. The stock had previously closed at $72.66.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Yelp to $89.00 in a research note to investors on Wednesday. Separately, analysts at Telsey Advisory Group raised their price target on shares of Yelp from $62.00 to $95.00 in a research note to investors on Monday. They now have a “not rated” rating on the stock. Finally, analysts at MKM Partners raised their price target on shares of Yelp from $71.00 to $82.00 in a research note to investors on Thursday, January 2nd. They now have a “buy” rating on the stock. Fourteen analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $70.39.
In other Yelp news, CEO Jeremy Stoppelman sold 14,705 shares of Yelp stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $64.83, for a total transaction of $953,325.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Yelp has a 52-week low of $19.45 and a 52-week high of $75.37. The stock has a 50-day moving average of $64.81 and a 200-day moving average of $58.10. The company’s market cap is $5.184 billion.
Yelp (NASDAQ:YELP) last announced its 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 previous year, the company posted ($0.03) earnings per share. The company’s revenue for the quarter was up 68.1% on a year-over-year basis. Analysts expect that Yelp will post $-0.14 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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