Insider Selling: Yelp CEO Sells 13,514 Shares of Stock (YELP)
Yelp (NASDAQ:YELP) CEO Jeremy Stoppelman sold 13,514 shares of the stock on the open market in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $78.35, for a total transaction of $1,058,821.90. The sale was disclosed in a document filed with the SEC, which is available at this link.
Yelp (NASDAQ:YELP) traded down 6.67% during mid-day trading on Tuesday, hitting $70.71. The stock had a trading volume of 6,706,659 shares. Yelp has a one year low of $35.58 and a one year high of $101.75. The stock has a 50-day moving average of $70.02 and a 200-day moving average of $74.38. The company’s market cap is $5.067 billion.
Yelp (NASDAQ:YELP) last issued its quarterly earnings data 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. On average, analysts predict that Yelp will post $-0.03 earnings per share for the current fiscal year.
A number of research firms have recently commented on YELP. Analysts at Zacks upgraded shares of Yelp from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 1st. They now have a $79.00 price target on the stock. Separately, analysts at Telsey Advisory Group reiterated a “” rating on shares of Yelp in a research note on Tuesday, June 24th. They now have a $105.00 price target on the stock. Finally, 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. Four analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $88.43.
Yelp Inc connects people with great local businesses. Its users have contributed a total of approximately 36.
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