Insider Selling: Peter H. Fenton Unloads 66,000 Shares of Yelp Stock (YELP)
Yelp (NASDAQ:YELP) Director Peter H. Fenton unloaded 66,000 shares of the company’s stock on the open market in a transaction dated Monday, May 5th. The shares were sold at an average price of $58.39, for a total value of $3,853,740.00. The transaction 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 UBS AG raised their price target on shares of Yelp from $87.00 to $90.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of Yelp in a research note on Thursday, May 1st. They now have a $80.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Yelp in a research note on Thursday, May 1st. They now have a $74.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Yelp has an average rating of “Buy” and a consensus price target of $90.49.
Shares of Yelp (NASDAQ:YELP) traded down 13.39% during mid-day trading on Tuesday, hitting $52.13. The stock had a trading volume of 13,888,812 shares. Yelp has a 1-year low of $26.75 and a 1-year high of $101.75. The stock’s 50-day moving average is $69.17 and its 200-day moving average is $73.76. The company’s market cap is $3.710 billion.
Yelp (NASDAQ:YELP) last announced its earnings results on Wednesday, April 30th. The company reported ($0.04) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.06) by $0.02. The company had revenue of $76.40 million for the quarter, compared to the consensus estimate of $75.06 million. On average, analysts predict that Yelp will post $-0.03 earnings per share 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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