Insider Selling: Yelp CEO Sells 13,514 Shares of Stock (YELP)
Yelp (NASDAQ:YELP) CEO Jeremy Stoppelman sold 13,514 shares of the company’s stock on the open market in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $74.08, for a total transaction of $1,001,117.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Yelp (NASDAQ:YELP) traded up 3.18% on Wednesday, hitting $77.01. 5,596,020 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 has a 50-day moving average of $61.58 and a 200-day moving average of $73.0. The company’s market cap is $5.519 billion.
Yelp (NASDAQ:YELP) last posted its quarterly 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.
A number of analysts have recently weighed in on YELP shares. 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 equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average 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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