Yelp Sees Unusually High Options Volume (NYSE:YELP)
Yelp Inc. (NYSE:YELP) was the target of unusually large options trading on Tuesday. Stock investors purchased 12,036 call options on the company. This is an increase of 499% compared to the average daily volume of 2,008 call options.
In other news, SVP Laurence Wilson sold 3,128 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $28.23, for a total transaction of $88,303.44. Following the completion of the transaction, the senior vice president now directly owns 181,947 shares of the company’s stock, valued at approximately $5,136,363.81. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Geoffrey L. Donaker sold 4,000 shares of the stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $27.65, for a total value of $110,600.00. Following the transaction, the director now directly owns 9,590 shares of the company’s stock, valued at $265,163.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 67,751 shares of company stock valued at $2,070,595. Company insiders own 10.10% of the company’s stock.
A number of large investors have recently modified their holdings of YELP. FNY Partners Fund LP boosted 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 worth $122,000 after buying an additional 3,730 shares in the last quarter. Neuburgh Advisers LLC acquired a new stake in shares of Yelp during the first quarter worth about $133,000. Independent Portfolio Consultants Inc. acquired a new stake in shares of Yelp during the first quarter worth about $159,000. FNY Managed Accounts LLC acquired a new stake in shares of Yelp during the first quarter worth about $163,000. Finally, Tyers Asset Management LLC acquired a new stake in shares of Yelp during the first quarter worth about $169,000. Hedge funds and other institutional investors own 88.85% of the company’s stock.
Several equities analysts recently weighed in on YELP shares. B. Riley reaffirmed a “neutral” rating and issued a $25.00 price objective on shares of Yelp in a research note on Monday, May 15th. Robert W. Baird reaffirmed a “neutral” rating on shares of Yelp in a research note on Monday, July 3rd. BidaskClub raised Yelp from a “sell” rating to a “hold” rating in a research note on Wednesday. Loop Capital reaffirmed a “hold” rating on shares of Yelp in a research note on Wednesday, April 19th. Finally, William Blair reaffirmed a “market perform” rating on shares of Yelp in a research note on Wednesday, May 10th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and sixteen have assigned a buy rating to the stock. Yelp currently has an average rating of “Hold” and a consensus price target of $35.26.
Yelp (NYSE YELP) opened at 31.49 on Friday. Yelp has a one year low of $26.93 and a one year high of $43.41. The firm has a market cap of $2.54 billion, a PE ratio of 425.54 and a beta of 1.46. The company has a 50-day moving average price of $29.25 and a 200-day moving average price of $34.46.
Yelp (NYSE:YELP) last issued its quarterly earnings data on Tuesday, May 9th. The local business review company reported ($0.06) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.02. The firm had revenue of $197.32 million during the quarter, compared to analysts’ expectations of $198.51 million. Yelp had a net margin of 0.80% and a return on equity of 0.77%. Yelp’s revenue for the quarter was up 24.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.08 earnings per share. Equities analysts predict that Yelp will post ($0.08) earnings per share for the current fiscal year.
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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 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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