Yelp Inc. (NYSE:YELP) Director Geoffrey L. Donaker sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $44.21, for a total value of $265,260.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Yelp Inc. (YELP) traded up 0.69% on Thursday, reaching $46.39. The company’s stock had a trading volume of 863,247 shares. Yelp Inc. has a 12-month low of $26.93 and a 12-month high of $46.43. The company’s 50-day moving average is $43.00 and its 200 day moving average is $34.97. The company has a market capitalization of $3.79 billion, a price-to-earnings ratio of 293.61 and a beta of 1.34.

Yelp (NYSE:YELP) last released its quarterly earnings results on Thursday, August 3rd. The local business review company reported $0.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 business had revenue of $209.90 million during the quarter, compared to analyst estimates of $204.89 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. Yelp’s revenue for the quarter was up 21.0% on a year-over-year basis. Equities analysts anticipate that Yelp Inc. will post $0.07 earnings per share for the current fiscal year.

Yelp announced that its board has initiated a stock buyback plan on Thursday, August 3rd that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the local business review company to buy up to 7.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

TRADEMARK VIOLATION WARNING: “Yelp Inc. (YELP) Director Sells $265,260.00 in Stock” was originally reported by American Banking News and is the property of of American Banking News. If you are reading this news story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this news story can be read at https://www.americanbankingnews.com/2017/10/05/yelp-inc-yelp-director-sells-265260-00-in-stock.html.

Several equities analysts have issued reports on the company. Piper Jaffray Companies reissued a “hold” rating and issued a $37.00 price target on shares of Yelp in a research note on Friday, August 4th. Roth Capital raised Yelp from a “sell” rating to a “neutral” rating and upped their target price for the stock from $21.00 to $35.00 in a research report on Friday, August 4th. Morgan Stanley reaffirmed an “equal weight” rating and set a $26.00 target price (down from $28.00) on shares of Yelp in a research report on Thursday, July 20th. MKM Partners raised Yelp from a “neutral” rating to a “buy” rating and upped their target price for the stock from $27.00 to $31.31 in a research report on Friday, August 4th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $46.00 target price on shares of Yelp in a research report on Friday, August 4th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and twenty have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $39.78.

Large investors have recently added to or reduced their stakes in the business. Strs Ohio bought a new stake in Yelp during the second quarter valued at about $108,000. 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 acquiring an additional 3,730 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Yelp by 98.8% in the second 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 period. FNY Managed Accounts LLC bought a new position in shares of Yelp in the first quarter worth about $163,000. Finally, Teacher Retirement System of Texas boosted its stake in shares of Yelp by 11.8% in the first quarter. Teacher Retirement System of Texas now owns 6,167 shares of the local business review company’s stock worth $202,000 after acquiring an additional 653 shares during the period. 90.85% of the stock is owned by institutional investors and hedge funds.

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)

Receive News & Ratings for Yelp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yelp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.