Insider Selling: Yelp Director Unloads 195,409 Shares of Stock (YELP)
Yelp (NASDAQ:YELP) Director Fred D. Anderson sold 195,409 shares of the stock on the open market in a transaction dated Monday, August 4th. The stock was sold at an average price of $68.38, for a total transaction of $13,362,067.42. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Yelp (NASDAQ:YELP) traded down 0.66% on Wednesday, hitting $67.78. 3,282,380 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 $72.14 and its 200-day moving average is $73.68. The company’s market cap is $4.886 billion.
Yelp (NASDAQ:YELP) last issued its quarterly earnings data 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. On average, analysts predict that Yelp will post $0.08 earnings per share for the current fiscal year.
YELP has been the subject of a number of recent research reports. Analysts at MKM Partners raised their EPS on shares of Yelp in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at SunTrust reiterated a “buy” rating on shares of Yelp in a research note on Thursday, July 31st. They now have a $90.00 price target on the stock, up previously from $85.00. Finally, analysts at Barclays reiterated a “buy” rating on shares of Yelp in a research note on Thursday, July 31st. They now have a $85.00 price target on the stock, up previously from $73.00. 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 stock. The company has a consensus rating of “Buy” and a consensus target price of $89.13.
Yelp Inc connects people with great local businesses. Its users have contributed a total of approximately 36.
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