Insider Selling: Jeremy Stoppelman Sells 13,514 Shares of Yelp Stock (YELP)
Yelp (NASDAQ:YELP) CEO Jeremy Stoppelman sold 13,514 shares of the stock on the open market in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $69.12, for a total transaction of $934,087.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Yelp (NASDAQ:YELP) traded down 11.16% on Thursday, hitting $67.16. 17,569,454 shares of the company’s stock traded hands. Yelp has a 52-week low of $46.96 and a 52-week high of $101.75. The stock’s 50-day moving average is $72.66 and its 200-day moving average is $74.09. The company’s market cap is $4.813 billion. Yelp also was the target of some unusual options trading on Wednesday. Stock traders purchased 42,864 call options on the company. This represents an increase of approximately 631% compared to the typical volume of 5,866 call options.
Yelp (NASDAQ:YELP) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.04 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.03) by $0.07. The company had revenue of $88.80 million for the quarter, compared to the consensus estimate of $86.32 million. During the same quarter last year, the company posted ($0.01) earnings per share. Yelp’s revenue was up 61.5% compared to the same quarter last year. Analysts expect that Yelp will post $-0.03 EPS for the current fiscal year.
A number of research firms have recently commented on YELP. Analysts at SunTrust reiterated a “buy” rating on shares of Yelp in a research note on Thursday. They now have a $90.00 price target on the stock, up previously from $85.00. Separately, analysts at Barclays reiterated a “buy” rating on shares of Yelp in a research note on Thursday. They now have a $85.00 price target on the stock, up previously from $73.00. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Yelp in a research note on Thursday. They now have a $87.00 price target on the stock, up previously from $74.00. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have assigned a buy rating to the company. Yelp has an average rating of “Buy” and a consensus price target of $89.03.
Yelp Inc connects people with great local businesses. Its users have contributed a total of approximately 36.
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