Yelp Inc. (YELP) Director Sells $243,840.00 in Stock
Yelp Inc. (NYSE:YELP) Director Geoffrey L. Donaker sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 11th. The shares were sold at an average price of $40.64, for a total value of $243,840.00. Following the completion of the transaction, the director now directly owns 6,000 shares in the company, valued at $243,840. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Yelp Inc. (NYSE:YELP) traded down 1.65% during trading on Wednesday, hitting $38.82. The stock had a trading volume of 1,488,653 shares. The stock’s market cap is $3.00 billion. The stock has a 50 day moving average price of $39.19 and a 200-day moving average price of $30.05. Yelp Inc. has a 12 month low of $14.53 and a 12 month high of $43.36.
Yelp (NYSE:YELP) last released its quarterly earnings results on Tuesday, August 9th. The local business review company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.08. The business earned $173.40 million during the quarter, compared to analysts’ expectations of $169.82 million. Yelp had a negative return on equity of 6.14% and a negative net margin of 7.20%. The firm’s revenue for the quarter was up 29.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.12 EPS. On average, equities analysts predict that Yelp Inc. will post ($0.19) EPS for the current year.
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Several equities research analysts have recently commented on the company. Zacks Investment Research downgraded Yelp from a “buy” rating to a “hold” rating in a report on Wednesday. Vetr upgraded Yelp from a “hold” rating to a “buy” rating and set a $43.08 price objective for the company in a report on Monday. Cantor Fitzgerald restated a “buy” rating and set a $42.00 price objective on shares of Yelp in a report on Tuesday, September 27th. Maxim Group boosted their price objective on Yelp from $42.00 to $45.00 and gave the company a “buy” rating in a report on Monday, September 26th. Finally, Mizuho boosted their price objective on Yelp from $40.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, September 14th. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty have given a buy rating to the company’s stock. Yelp presently has a consensus rating of “Hold” and a consensus target price of $36.03.
A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can purchased a new position in Yelp during the second quarter valued at $283,000. IBM Retirement Fund purchased a new position in Yelp during the second quarter valued at $209,000. Fisher Asset Management LLC boosted its position in Yelp by 2.8% in the second quarter. Fisher Asset Management LLC now owns 391,351 shares of the local business review company’s stock valued at $11,670,000 after buying an additional 10,486 shares in the last quarter. Royal Bank of Canada boosted its position in Yelp by 0.6% in the first quarter. Royal Bank of Canada now owns 651,922 shares of the local business review company’s stock valued at $12,960,000 after buying an additional 3,570 shares in the last quarter. Finally, Sterling Ridge Capital Management LP purchased a new position in Yelp during the first quarter valued at $431,000. Institutional investors and hedge funds 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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