Yelp Sees Unusually Large Options Volume (YELP)
Shares of Yelp (NASDAQ:YELP) were the recipient of unusually large options trading activity on Friday. Investors purchased 11,194 put options on the company, Analyst Ratings Network.com reports. This is an increase of 102% compared to the average volume of 5,531 put options.
In other Yelp news, COO Geoffrey L. Donaker unloaded 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $64.99, for a total transaction of $1,624,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. 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 issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $87.88.
Yelp (NASDAQ:YELP) traded up 13.79% on Friday, hitting $74.92. 18,639,518 shares of the company’s stock traded hands. Yelp has a one year low of $29.26 and a one year high of $101.75. The stock’s 50-day moving average is $60.24 and its 200-day moving average is $72.6. The company’s market cap is $5.369 billion.
Yelp (NASDAQ:YELP) last posted its quarterly 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 Inc connects people with great local businesses. Its users have contributed a total of approximately 36.
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