Insider Selling: Yelp CEO Sells 13,513 Shares of Stock (YELP)
Yelp (NASDAQ:YELP) CEO Jeremy Stoppelman unloaded 13,513 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 $82.38, for a total value of $1,113,200.94. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of 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’s 50-day moving average is $72.58 and its 200-day moving average is $73.59. The company’s market cap is $5.941 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 has been the subject of a number of recent research reports. 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 equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $90.10.
Yelp Inc connects people with great local businesses. Its users have contributed a total of approximately 36.
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