Yelp Inc. (YELP) COO Sells $872,181.12 in Stock
Yelp Inc. (NYSE:YELP) COO Joseph R. Nachman sold 20,288 shares of Yelp stock in a transaction dated Wednesday, October 5th. The stock was sold at an average price of $42.99, for a total value of $872,181.12. Following the sale, the chief operating officer now directly owns 137,311 shares of the company’s stock, valued at approximately $5,902,999.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Joseph R. Nachman also recently made the following trade(s):
- On Tuesday, August 23rd, Joseph R. Nachman sold 2,508 shares of Yelp stock. The stock was sold at an average price of $37.45, for a total value of $93,924.60.
Yelp Inc. (NYSE:YELP) opened at 40.66 on Friday. The firm’s 50 day moving average is $39.03 and its 200 day moving average is $29.62. The company’s market cap is $3.14 billion. Yelp Inc. has a 12-month low of $14.53 and a 12-month high of $43.36.
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Yelp (NYSE:YELP) last posted its earnings results on Tuesday, August 9th. The local business review company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.08. The company earned $173.40 million during the quarter, compared to the consensus estimate of $169.82 million. Yelp had a negative net margin of 7.20% and a negative return on equity of 6.14%. The firm’s quarterly revenue was up 29.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.12 earnings per share. Equities research analysts anticipate that Yelp Inc. will post ($0.19) EPS for the current fiscal year.
YELP has been the topic of several analyst reports. Tigress Financial reiterated a “buy” rating on shares of Yelp in a report on Tuesday, June 14th. Deutsche Bank AG upgraded Yelp from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $26.00 to $33.00 in a report on Monday, June 20th. Needham & Company LLC reiterated a “buy” rating and issued a $34.00 price objective (up previously from $28.00) on shares of Yelp in a report on Thursday, June 23rd. Vetr downgraded Yelp from a “strong-buy” rating to a “buy” rating and set a $33.07 price objective on the stock. in a report on Thursday, June 23rd. Finally, Jefferies Group reiterated a “buy” rating and issued a $28.00 price objective on shares of Yelp in a report on Monday, June 27th. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-one have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $36.03.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Emerald Acquisition Ltd. acquired a new position in Yelp during the second quarter worth about $112,000. Legal & General Group Plc increased its position in Yelp by 62.0% in the second quarter. Legal & General Group Plc now owns 5,742 shares of the local business review company’s stock worth $174,000 after buying an additional 2,197 shares in the last quarter. IBM Retirement Fund acquired a new position in Yelp during the second quarter worth about $209,000. Private Advisor Group LLC acquired a new position in Yelp during the second quarter worth about $231,000. Finally, Concourse Capital Management LLC acquired a new position in Yelp during the second quarter worth about $278,000. Institutional investors own 74.90% of the company’s stock.
Yelp Company Profile
Yelp Inc (Yelp) connects people with local businesses by bringing word of mouth online and providing a platform for businesses and consumers to engage and transact. The Company provides local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences, through reviews, tips, photos and videos, and engages directly with businesses, through reviews, phone calls and its Message the Business feature.
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