Share on StockTwits

Yelp (NASDAQ:YELP) SVP Joseph R. Nachman sold 45,000 shares of Yelp stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $65.90, for a total transaction of $2,965,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of analysts have recently weighed in on YELP shares. Analysts at CRT Capital upgraded shares of Yelp from a “fair value” rating to a “buy” rating in a research note on Wednesday. They now have a $87.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at SunTrust upgraded shares of Yelp from a “neutral” rating to a “buy” rating in a research note on Tuesday. They now have a $85.00 price target on the stock, down previously from $100.00. They noted that the move was a valuation call. Finally, analysts at Oppenheimer upgraded shares of Yelp from a “market perform” rating to an “outperform” rating in a research note on Monday. They now have a $78.00 price target on the stock. Eleven investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $87.24.

Yelp (NASDAQ:YELP) traded up 5.95% during mid-day trading on Wednesday, hitting $71.25. 6,356,484 shares of the company’s stock traded hands. Yelp has a 1-year low of $24.75 and a 1-year high of $101.75. The stock’s 50-day moving average is $85.71 and its 200-day moving average is $74.59. The company’s market cap is $5.084 billion.

Yelp (NASDAQ:YELP) last posted its quarterly earnings results on Wednesday, February 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting the 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 in the previous year, the company posted ($0.08) earnings per share. The company’s revenue for the quarter was up 71.4% on a year-over-year basis. Analysts expect that Yelp will post $-0.04 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.