Insider Selling: Laurence Wilson Unloads 11,250 Shares of Yelp Stock (YELP)
Yelp (NASDAQ:YELP) SVP Laurence Wilson sold 11,250 shares of the company’s stock on the open market in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $74.54, for a total transaction of $838,575.00. Following the completion of the transaction, the senior vice president now directly owns 20,000 shares of the company’s stock, valued at approximately $1,490,800. The transaction 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 has a 50-day moving average of $72.66 and a 200-day moving average of $74.09. The company’s market cap is $4.813 billion. Yelp also saw some unusual options trading on Wednesday. Investors acquired 42,864 call options on the stock. This represents an increase of 631% compared to the typical volume of 5,866 call options.
Yelp (NASDAQ:YELP) last released its earnings data on Wednesday, July 30th. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted ($0.01) earnings per share. The company’s quarterly revenue was up 61.5% on a year-over-year basis. Analysts expect that Yelp will post $-0.03 EPS for the current fiscal year.
Several analysts have recently commented on the stock. 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 equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $89.03.
Yelp Inc connects people with great local businesses. Its users have contributed a total of approximately 36.
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