Yelp COO Sells $1,723,250 in Stock (YELP)
Yelp (NASDAQ:YELP) COO Geoffrey L. Donaker sold 25,000 shares of Yelp stock on the open market in a transaction dated Thursday, July 10th. The shares were sold at an average price of $68.93, for a total value of $1,723,250.00. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on YELP. Analysts at Evercore Partners initiated coverage on shares of Yelp in a research note on Monday. They set an “underweight” rating and a $65.00 price target on the stock. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, four have issued 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 target price of $87.62.
Shares of Yelp (NASDAQ:YELP) traded up 0.69% during mid-day trading on Monday, hitting $71.11. 3,018,823 shares of the company’s stock traded hands. Yelp has a one year low of $38.20 and a one year high of $101.75. The stock’s 50-day moving average is $71.11 and its 200-day moving average is $74.35. The company’s market cap is $5.096 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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