Insider Selling: Yelp Inc (YELP) Insider Sells 528 Shares of Stock
Yelp Inc (NYSE:YELP) insider Alan Ramsay sold 528 shares of Yelp stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $28.23, for a total value of $14,905.44. Following the completion of the transaction, the insider now owns 21,180 shares in the company, valued at $597,911.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of Yelp Inc (NYSE:YELP) traded up 1.04% during trading on Thursday, reaching $28.07. The company had a trading volume of 2,657,716 shares. Yelp Inc has a 12 month low of $25.19 and a 12 month high of $43.41. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 379.32 and a beta of 2.11. The firm has a 50 day moving average price of $32.25 and a 200 day moving average price of $35.81.
Yelp (NYSE:YELP) last issued its earnings results on Tuesday, May 9th. The local business review company reported ($0.06) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.02. Yelp had a negative net margin of 0.65% and a negative return on equity of 0.01%. The business had revenue of $197.32 million during the quarter, compared to the consensus estimate of $198.51 million. During the same period last year, the business posted $0.08 EPS. Yelp’s revenue was up 24.4% on a year-over-year basis. Analysts predict that Yelp Inc will post ($0.08) earnings per share for the current year.
A number of equities analysts recently issued reports on YELP shares. Mizuho decreased their target price on Yelp from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, February 10th. Credit Suisse Group AG set a $49.00 target price on Yelp and gave the stock a “buy” rating in a report on Friday, February 10th. Royal Bank of Canada set a $55.00 target price on Yelp and gave the stock a “buy” rating in a report on Monday, February 6th. Needham & Company LLC restated a “buy” rating and issued a $45.00 target price (up from $43.00) on shares of Yelp in a report on Friday, February 10th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $52.00 target price on shares of Yelp in a report on Friday, February 10th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and sixteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $35.36.
A number of large investors have recently modified their holdings of YELP. FNY Partners Fund LP increased its stake in shares of Yelp by 18,650.0% in the first quarter. FNY Partners Fund LP now owns 3,750 shares of the local business review company’s stock valued at $122,000 after buying an additional 3,730 shares during the period. Neuburgh Advisers LLC bought a new stake in shares of Yelp during the first quarter valued at about $133,000. Independent Portfolio Consultants Inc. bought a new stake in shares of Yelp during the first quarter valued at about $159,000. FNY Managed Accounts LLC bought a new stake in shares of Yelp during the first quarter valued at about $163,000. Finally, Tyers Asset Management LLC bought a new stake in shares of Yelp during the first quarter valued at about $169,000. Institutional investors and hedge funds own 74.24% of the company’s stock.
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 offers local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences with other consumers by posting reviews, tips, photos and videos, and to engage directly with businesses, through reviews, its Request-A-Quote and Message the Business features, and by completing transactions on the Yelp Platform.
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