Insider Selling: Joseph R. Nachman Sells 8,667 Shares of Yelp Stock (YELP)
Yelp (NASDAQ:YELP) SVP Joseph R. Nachman sold 8,667 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $83.00, for a total transaction of $719,361.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. 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 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 company. Yelp currently has a consensus rating of “Buy” and a consensus price target of $90.10.
Shares of Yelp (NASDAQ:YELP) traded up 0.57% during mid-day trading on Wednesday, hitting $82.86. The stock had a trading volume of 2,353,379 shares. Yelp has a 1-year low of $49.11 and a 1-year high of $101.75. The stock’s 50-day moving average is $71.94 and its 200-day moving average is $73.46. The company’s market cap is $5.973 billion.
Yelp (NASDAQ:YELP) last announced its 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 $0.09 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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