Insider Selling: Laurence Wilson Sells 1,250 Shares of Yelp Stock (YELP)
Yelp (NASDAQ:YELP) SVP Laurence Wilson sold 1,250 shares of the company’s stock on the open market in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $82.22, for a total value of $102,775.00. Following the transaction, the senior vice president now directly owns 20,000 shares in the company, valued at approximately $1,644,400. The sale was disclosed in a document filed with the SEC, which is available at this link.
Yelp (NASDAQ:YELP) traded up 0.12% on Friday, hitting $82.42. 1,888,339 shares of the company’s stock traded hands. Yelp has a 52 week low of $49.11 and a 52 week high of $101.75. The stock has a 50-day moving average of $72.58 and a 200-day moving average of $73.59. The company’s market cap is $5.941 billion.
Yelp (NASDAQ:YELP) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted ($0.01) earnings per share. The company’s revenue for the quarter was up 61.5% on a year-over-year basis. Analysts expect that Yelp will post $0.09 EPS for the current fiscal year.
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 given a buy rating to the stock. Yelp presently has a consensus rating of “Buy” and an average target price of $90.10.
Yelp Inc connects people with great local businesses. Its users have contributed a total of approximately 36.
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