Yelp CEO Jeremy Stoppelman Unloads 13,514 Shares (YELP)
Yelp (NASDAQ:YELP) CEO Jeremy Stoppelman unloaded 13,514 shares of the company’s stock on the open market in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $75.98, for a total transaction of $1,026,793.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Yelp (NASDAQ:YELP) traded down 1.41% during mid-day trading on Thursday, hitting $76.90. The stock had a trading volume of 3,282,416 shares. Yelp has a 52-week low of $33.20 and a 52-week high of $101.75. The stock has a 50-day moving average of $65.31 and a 200-day moving average of $73.59. The company’s market cap is $5.511 billion.
Yelp (NASDAQ:YELP) last released its earnings data on Wednesday, April 30th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the 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.
A number of analysts have recently weighed in on YELP shares. Analysts at Telsey Advisory Group reiterated a “” rating on shares of Yelp in a research note on Tuesday. They now have a $105.00 price target on the stock. Separately, analysts at Northland Securities raised their price target on shares of Yelp from $85.00 to $94.00 in a research note on Friday, June 20th. They now have an “outperform” rating on the stock. Finally, 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. Five analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. Yelp currently has a consensus rating of “Buy” and a consensus price target of $88.41.
Yelp Inc connects people with great local businesses. Its users have contributed a total of approximately 36.
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