Insider Selling: Yelp CFO Sells 17,500 Shares of Stock (YELP)
Yelp (NASDAQ:YELP) CFO Robert J. Krolik sold 17,500 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $83.51, for a total value of $1,461,425.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Yelp (NASDAQ:YELP) traded down 2.25% on Thursday, hitting $79.45. 2,647,287 shares of the company’s stock traded hands. Yelp has a one year low of $20.10 and a one year high of $83.96. The stock’s 50-day moving average is $71.07 and its 200-day moving average is $61.44. The company’s market cap is $5.252 billion.
Yelp (NASDAQ:YELP) last released its earnings data 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 $-0.15 EPS for the current fiscal year.
A number of analysts have recently weighed in on YELP shares. Analysts at Wunderlich raised their price target on shares of Yelp to $90.00 in a research note to investors on Tuesday, January 14th. Separately, analysts at FBN Securities initiated coverage on shares of Yelp in a research note to investors on Tuesday, January 14th. They set an “outperform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Yelp to $89.00 in a research note to investors on Wednesday, January 8th. Thirteen analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $73.08.
Yelp Inc connects people with great local businesses. Its users have contributed a total of approximately 36.
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