Yelp Inc (NYSE:YELP) CEO Jeremy Stoppelman sold 13,000 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $42.62, for a total transaction of $554,060.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Friday, September 1st, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $43.15, for a total transaction of $560,950.00.
  • On Wednesday, August 23rd, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $41.94, for a total transaction of $545,220.00.
  • On Tuesday, August 15th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $41.74, for a total transaction of $542,620.00.
  • On Thursday, August 10th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $41.05, for a total transaction of $533,650.00.
  • On Friday, August 4th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $40.00, for a total transaction of $520,000.00.

Shares of Yelp Inc (YELP) traded up 1.63% on Thursday, reaching $43.74. 1,622,847 shares of the company’s stock were exchanged. The firm has a market cap of $3.58 billion, a PE ratio of 276.84 and a beta of 1.41. Yelp Inc has a one year low of $26.93 and a one year high of $44.18. The company has a 50 day moving average price of $38.70 and a 200 day moving average price of $33.59.

Yelp (NYSE:YELP) last released its quarterly earnings data on Thursday, August 3rd. The local business review company reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.12. Yelp had a return on equity of 3.54% and a net margin of 3.63%. The business had revenue of $209.90 million for the quarter, compared to the consensus estimate of $204.89 million. During the same quarter in the previous year, the company posted $0.16 EPS. The company’s revenue was up 21.0% compared to the same quarter last year. Analysts expect that Yelp Inc will post $0.07 EPS for the current fiscal year.

Yelp announced that its board has initiated a share buyback program on Thursday, August 3rd that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the local business review company to buy up to 7.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

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A number of large investors have recently added to or reduced their stakes in YELP. Strs Ohio bought a new stake in Yelp in the 2nd quarter worth approximately $108,000. FNY Partners Fund LP increased its stake in Yelp by 18,650.0% in the 1st quarter. FNY Partners Fund LP now owns 3,750 shares of the local business review company’s stock worth $122,000 after acquiring an additional 3,730 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Yelp by 98.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,091 shares of the local business review company’s stock worth $123,000 after acquiring an additional 2,033 shares during the last quarter. Neuburgh Advisers LLC bought a new stake in Yelp in the 1st quarter worth approximately $133,000. Finally, FNY Managed Accounts LLC bought a new stake in Yelp in the 1st quarter worth approximately $163,000. 90.90% of the stock is currently owned by institutional investors and hedge funds.

YELP has been the subject of several recent analyst reports. Deutsche Bank AG reduced their target price on shares of Yelp from $52.00 to $36.00 and set a “buy” rating for the company in a research note on Wednesday, May 10th. Credit Suisse Group set a $30.00 target price on shares of Yelp and gave the stock a “buy” rating in a research note on Wednesday, May 10th. Needham & Company LLC reiterated a “buy” rating and issued a $30.00 target price (down previously from $45.00) on shares of Yelp in a research note on Wednesday, May 10th. Maxim Group reiterated a “buy” rating and issued a $41.00 target price (down previously from $45.00) on shares of Yelp in a research note on Wednesday, May 10th. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of Yelp from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $42.00 to $34.00 in a research note on Wednesday, May 10th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and twenty have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $38.60.

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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