Insider Selling: Jeremy Stoppelman Sells 13,514 Shares of Yelp Stock (YELP)
Yelp (NASDAQ:YELP) CEO Jeremy Stoppelman sold 13,514 shares of the stock on the open market in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $65.74, for a total value of $888,410.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Yelp (NASDAQ:YELP) traded up 13.79% during mid-day trading on Friday, hitting $74.92. The stock had a trading volume of 18,667,990 shares. Yelp has a one year low of $29.26 and a one year high of $101.75. The stock has a 50-day moving average of $60.24 and a 200-day moving average of $72.6. The company’s market cap is $5.369 billion. Yelp also saw unusually large options trading activity on Friday. Stock investors bought 15,040 call options on the stock. This represents an increase of approximately 134% compared to the average daily volume of 6,421 call options.
Yelp (NASDAQ:YELP) last announced its earnings results on Wednesday, April 30th. The company reported ($0.04) earnings per share for the quarter, beating the analysts’ 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. Analysts expect that Yelp will post $-0.03 EPS for the current fiscal year.
YELP has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus cut their price target on shares of Yelp from $95.00 to $67.00 in a research note on Monday, May 12th. Separately, analysts at MKM Partners cut their price target on shares of Yelp from $110.00 to $86.00 in a research note on Monday, May 12th. They now have a “buy” rating on the stock. Finally, analysts at Morgan Stanley upgraded shares of Yelp from an “equal weight” rating to an “overweight” rating in a research note on Thursday, May 8th. They now have a $69.00 price target on the stock. Five research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $87.88.
Yelp Inc connects people with great local businesses. Its users have contributed a total of approximately 36.
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