Insider Selling: Yelp SVP Sells 5,250 Shares of Stock (YELP)
Yelp (NASDAQ:YELP) SVP Laurence Wilson sold 5,250 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $77.58, for a total value of $407,295.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Yelp (NASDAQ:YELP) traded down 0.06% during mid-day trading on Friday, hitting $89.41. 4,665,645 shares of the company’s stock traded hands. Yelp has a 52 week low of $20.94 and a 52 week high of $91.49. The stock has a 50-day moving average of $75.48 and a 200-day moving average of $64.52. The company’s market cap is $5.910 billion. Yelp also was the recipient of unusually large options trading on Wednesday. Stock investors acquired 17,573 call options on the company. This represents an increase of 236% compared to the typical volume of 5,224 call options.
Yelp (NASDAQ:YELP) last posted its quarterly earnings results on Wednesday, February 5th. The company reported ($0.03) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.03). The company had revenue of $70.70 million for the quarter, compared to the consensus estimate of $67.22 million. During the same quarter last year, the company posted ($0.08) earnings per share. Yelp’s revenue was up 71.4% compared to the same quarter last year. Analysts expect that Yelp will post $0.01 EPS for the current fiscal year.
A number of research firms have recently commented on YELP. Analysts at Deutsche Bank raised their price target on shares of Yelp from $81.00 to $86.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Cantor Fitzgerald raised their price target on shares of Yelp to $84.00 in a research note to investors on Thursday. Finally, analysts at UBS AG raised their price target on shares of Yelp from $70.00 to $84.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Thirteen research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Yelp presently has an average rating of “Buy” and an average price target of $80.85.
Yelp Inc connects people with great local businesses. Its users have contributed a total of approximately 36.
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