Geoffrey L. Donaker Sells 6,000 Shares of Yelp Inc. (YELP) Stock
Yelp Inc. (NYSE:YELP) Director Geoffrey L. Donaker sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $45.55, for a total value of $273,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Yelp Inc. (NYSE:YELP) traded down 0.52% during trading on Thursday, reaching $43.75. The company had a trading volume of 1,153,125 shares. The firm has a 50-day moving average price of $43.53 and a 200 day moving average price of $35.40. The stock has a market cap of $3.58 billion, a P/E ratio of 276.90 and a beta of 1.34. Yelp Inc. has a 12-month low of $26.93 and a 12-month high of $46.76.
Yelp (NYSE:YELP) last announced its quarterly earnings data on Thursday, August 3rd. The local business review company reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.12. The business had revenue of $209.90 million during the quarter, compared to analyst estimates of $204.89 million. Yelp had a net margin of 1.67% and a return on equity of 1.60%. The firm’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.16 earnings per share. Equities research analysts predict that Yelp Inc. will post $0.07 EPS for the current fiscal year.
Yelp declared that its Board of Directors has approved a share 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 reacquire 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 shares are undervalued.
YELP has been the topic of a number of research reports. Roth Capital set a $21.00 price target on Yelp and gave the stock a “sell” rating in a report on Monday, July 31st. Robert W. Baird restated a “neutral” rating on shares of Yelp in a report on Monday, July 3rd. B. Riley restated a “neutral” rating and set a $36.00 price objective on shares of Yelp in a report on Friday, August 4th. Barclays PLC restated an “equal weight” rating and set a $36.00 price objective (up previously from $28.00) on shares of Yelp in a report on Friday, August 4th. Finally, BidaskClub raised Yelp from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and nineteen have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $40.58.
Several institutional investors and hedge funds have recently made changes to their positions in YELP. Bank of New York Mellon Corp raised its position in shares of Yelp by 4.1% during the first quarter. Bank of New York Mellon Corp now owns 235,974 shares of the local business review company’s stock valued at $7,727,000 after buying an additional 9,350 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Yelp by 46.0% during the first quarter. UBS Asset Management Americas Inc. now owns 53,227 shares of the local business review company’s stock valued at $1,743,000 after buying an additional 16,766 shares during the last quarter. Karp Capital Management Corp acquired a new position in shares of Yelp during the first quarter valued at about $290,000. Ameriprise Financial Inc. acquired a new position in shares of Yelp during the first quarter valued at about $6,218,000. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of Yelp by 74.3% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 10,720 shares of the local business review company’s stock valued at $351,000 after buying an additional 4,571 shares during the last quarter. 90.85% of the stock is owned by institutional investors and hedge funds.
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.
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