Yelp CEO Sells $975,711 in Stock (YELP)
Yelp (NASDAQ:YELP) CEO Jeremy Stoppelman sold 13,514 shares of Yelp stock on the open market in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $72.20, for a total value of $975,710.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Yelp (NASDAQ:YELP) traded down 0.63% on Thursday, hitting $70.91. 4,103,860 shares of the company’s stock traded hands. Yelp has a one year low of $37.87 and a one year high of $101.75. The stock has a 50-day moving average of $70. and a 200-day moving average of $74.33. The company’s market cap is $5.081 billion. Yelp also saw unusually large options trading activity on Wednesday. Stock traders purchased 11,100 put options on the company. This represents an increase of 118% compared to the average volume of 5,101 put options.
Yelp (NASDAQ:YELP) last announced its earnings results 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. 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 issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $88.43.
Yelp Inc connects people with great local businesses. Its users have contributed a total of approximately 36.
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