Yelp SVP Unloads $88,000 in Stock (YELP)
Yelp (NASDAQ:YELP) SVP Laurence Wilson unloaded 1,250 shares of the company’s stock on the open market in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $70.40, for a total value of $88,000.00. Following the completion of the transaction, the senior vice president now directly owns 20,000 shares in the company, valued at approximately $1,408,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on YELP. Analysts at Stifel Nicolaus initiated coverage on shares of Yelp in a research note on Wednesday, August 13th. They set a “buy” rating and a $85.00 price target on the stock. Separately, analysts at MKM Partners raised their EPS on shares of Yelp in a research note on Tuesday, August 5th. They now have a “buy” rating on the stock. Finally, 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-four have issued a buy rating to the stock. Yelp presently has an average rating of “Buy” and an average price target of $90.10.
Shares of Yelp (NASDAQ:YELP) opened at 76.41 on Monday. Yelp has a 1-year low of $49.00 and a 1-year high of $101.75. The stock’s 50-day moving average is $71.18 and its 200-day moving average is $73.42. The company’s market cap is $5.508 billion.
Yelp (NASDAQ:YELP) last released its 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 $0.09 earnings per share 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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