Yelp Inc. (NYSE:YELP) CEO Jeremy Stoppelman sold 13,000 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $41.74, for a total value of $542,620.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Jeremy Stoppelman also recently made the following trade(s):

  • On Thursday, August 10th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $41.05, for a total value of $533,650.00.
  • On Friday, August 4th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $40.00, for a total value of $520,000.00.

Shares of Yelp Inc. (NYSE:YELP) traded down 1.31% during mid-day trading on Thursday, hitting $41.43. The stock had a trading volume of 1,537,439 shares. The stock has a market capitalization of $3.39 billion, a P/E ratio of 262.22 and a beta of 1.48. The stock has a 50 day moving average of $34.10 and a 200-day moving average of $33.34. Yelp Inc. has a 52 week low of $26.93 and a 52 week high of $43.41.

Yelp (NYSE:YELP) last announced 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. The company had revenue of $209.90 million for the quarter, compared to analyst estimates of $204.89 million. Yelp had a return on equity of 1.60% and a net margin of 1.67%. The firm’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.16 earnings per share. On average, equities research analysts predict that Yelp Inc. will post $0.07 earnings per share for the current year.

Yelp declared that its Board of Directors 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 buy up to 7.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

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A number of brokerages have recently commented on YELP. Zacks Investment Research raised Yelp from a “sell” rating to a “hold” rating and set a $48.00 price target on the stock in a report on Tuesday, August 8th. Cowen and Company reissued a “market perform” rating and set a $38.00 price target (up from $33.00) on shares of Yelp in a report on Wednesday, August 9th. B. Riley reissued a “neutral” rating and set a $36.00 price target on shares of Yelp in a report on Wednesday, August 9th. UBS AG reaffirmed a “sell” rating and set a $30.00 target price (up previously from $28.00) on shares of Yelp in a research note on Wednesday, August 9th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $37.00 target price (up previously from $26.00) on shares of Yelp in a research note on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eighteen have assigned a buy rating to the stock. Yelp currently has an average rating of “Hold” and an average price target of $37.95.

Institutional investors have recently made changes to their positions in the company. Ameritas Investment Partners Inc. bought a new stake in shares of Yelp during the second quarter worth about $205,000. California State Teachers Retirement System increased its stake in shares of Yelp by 1.0% in the second quarter. California State Teachers Retirement System now owns 137,621 shares of the local business review company’s stock worth $4,131,000 after buying an additional 1,427 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of Yelp by 314.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 44,413 shares of the local business review company’s stock worth $1,333,000 after buying an additional 33,693 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Yelp by 2,704.0% in the second quarter. The Manufacturers Life Insurance Company now owns 59,922 shares of the local business review company’s stock worth $1,798,000 after buying an additional 57,785 shares in the last quarter. Finally, Prescott General Partners LLC increased its stake in shares of Yelp by 21.3% in the second quarter. Prescott General Partners LLC now owns 3,851,774 shares of the local business review company’s stock worth $115,630,000 after buying an additional 676,251 shares in the last quarter. Institutional investors own 95.37% 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 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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