Yelp Inc. (NYSE:YELP) COO Joseph R. Nachman sold 6,500 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $38.28, for a total transaction of $248,820.00. Following the transaction, the chief operating officer now owns 131,115 shares of the company’s stock, valued at approximately $5,019,082.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Yelp Inc. (NYSE:YELP) traded down 0.10% on Tuesday, hitting $41.69. 3,758,766 shares of the stock were exchanged. The stock has a market cap of $3.36 billion, a PE ratio of 563.38 and a beta of 1.48. Yelp Inc. has a 52-week low of $26.93 and a 52-week high of $43.41. The company’s 50 day moving average is $31.40 and its 200-day moving average is $33.39.

Yelp (NYSE:YELP) last released its earnings results on Thursday, August 3rd. The local business review company reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.12. Yelp had a net margin of 1.67% and a return on equity of 1.64%. The firm had revenue of $209.90 million for the quarter, compared to analyst estimates of $204.89 million. During the same period in the prior year, the firm earned $0.16 earnings per share. The business’s quarterly revenue was up 21.0% compared to the same quarter last year. Analysts predict that Yelp Inc. will post $0.06 EPS for the current fiscal year.

Yelp announced that its board has authorized a share buyback program on Thursday, August 3rd that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the local business review company to purchase up to 7.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

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Several hedge funds have recently added to or reduced their stakes in YELP. Swiss National Bank raised its stake in Yelp by 14.2% in the first quarter. Swiss National Bank now owns 129,264 shares of the local business review company’s stock worth $4,233,000 after buying an additional 16,100 shares during the last quarter. Independent Portfolio Consultants Inc. purchased a new stake in Yelp during the first quarter worth $159,000. First Manhattan Co. purchased a new stake in Yelp during the second quarter worth $11,158,000. California Public Employees Retirement System raised its stake in Yelp by 95.8% in the first quarter. California Public Employees Retirement System now owns 225,800 shares of the local business review company’s stock worth $8,015,000 after buying an additional 110,500 shares during the last quarter. Finally, TLP Group LLC purchased a new stake in Yelp during the first quarter worth $383,000. Hedge funds and other institutional investors own 94.79% of the company’s stock.

Several equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Yelp from a “sell” rating to a “hold” rating in a research report on Tuesday. Piper Jaffray Companies reiterated a “hold” rating and set a $37.00 price objective on shares of Yelp in a research report on Friday. Stifel Nicolaus set a $35.00 price objective on shares of Yelp and gave the company a “hold” rating in a research report on Friday. Roth Capital upgraded shares of Yelp from a “sell” rating to a “neutral” rating and increased their price objective for the company from $21.00 to $35.00 in a research report on Friday. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $45.00 price objective (up previously from $36.00) on shares of Yelp in a research report on Friday. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eighteen have issued a buy rating to the company’s stock. Yelp presently has a consensus rating of “Hold” and an average price target of $37.25.

About Yelp

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.

Insider Buying and Selling by Quarter for Yelp (NYSE:YELP)

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