Yelp Inc. (NYSE:YELP) CEO Jeremy Stoppelman sold 13,000 shares of the stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $43.54, for a total value of $566,020.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

  • On Tuesday, September 5th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $42.62, for a total value of $554,060.00.
  • On Friday, September 1st, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $43.15, for a total value of $560,950.00.
  • On Wednesday, August 23rd, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $41.94, for a total value of $545,220.00.
  • On Tuesday, August 15th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $41.74, for a total value of $542,620.00.
  • 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.

Yelp Inc. (NYSE YELP) traded up 1.54% on Friday, hitting $43.57. The stock had a trading volume of 4,243,413 shares. Yelp Inc. has a 52-week low of $26.93 and a 52-week high of $44.25. The firm has a market cap of $3.56 billion, a PE ratio of 275.76 and a beta of 1.41. The company has a 50-day moving average price of $40.62 and a 200 day moving average price of $34.01.

Yelp (NYSE:YELP) last issued its quarterly earnings data on Thursday, August 3rd. The local business review company reported $0.09 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.12. Yelp had a return on equity of 1.60% and a net margin of 1.67%. The firm had revenue of $209.90 million during the quarter, compared to analyst estimates of $204.89 million. During the same quarter in the prior year, the business posted $0.16 EPS. The business’s revenue for the quarter was up 21.0% compared to the same quarter last year. Equities analysts forecast that Yelp Inc. will post $0.07 earnings per share for the current fiscal year.

Yelp declared that its Board of Directors has initiated a share buyback program on Thursday, August 3rd that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the local business review company to reacquire up to 7.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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Several equities analysts have recently commented on YELP shares. Roth Capital set a $21.00 price objective on Yelp and gave the company a “sell” rating in a research report on Monday, July 31st. Robert W. Baird reiterated a “neutral” rating on shares of Yelp in a research report on Monday, July 3rd. B. Riley reiterated a “neutral” rating and set a $36.00 price objective on shares of Yelp in a research report on Friday, August 4th. Barclays PLC reiterated an “equal weight” rating and set a $36.00 price objective (up from $28.00) on shares of Yelp in a research report on Friday, August 4th. Finally, BidaskClub upgraded Yelp from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and nineteen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $38.60.

A number of hedge funds have recently modified their holdings of YELP. Strs Ohio purchased a new position in Yelp in the 2nd quarter worth $108,000. FNY Partners Fund LP raised 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. raised 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 purchased a new position in Yelp in the 1st quarter worth $133,000. Finally, FNY Managed Accounts LLC purchased a new position in Yelp in the 1st quarter worth $163,000. Institutional investors own 90.90% 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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