Yelp Inc (NYSE:YELP) CEO Jeremy Stoppelman sold 13,000 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $47.49, for a total value of $617,370.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Friday, November 24th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $47.59, for a total value of $618,670.00.
  • On Wednesday, November 15th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $45.40, for a total value of $590,200.00.
  • On Tuesday, November 7th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $45.58, for a total value of $592,540.00.
  • On Thursday, November 2nd, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $46.59, for a total value of $605,670.00.
  • On Wednesday, October 25th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $43.94, for a total value of $571,220.00.
  • On Tuesday, October 17th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $43.50, for a total value of $565,500.00.
  • On Thursday, October 12th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $43.66, for a total value of $567,580.00.
  • On Wednesday, October 4th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $45.38, for a total value of $589,940.00.
  • On Tuesday, September 26th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $42.20, for a total value of $548,600.00.
  • On Thursday, September 21st, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $43.49, for a total value of $565,370.00.

Shares of Yelp Inc (NYSE:YELP) traded down $0.65 during trading hours on Thursday, hitting $44.55. The company’s stock had a trading volume of 1,505,809 shares, compared to its average volume of 2,495,473. Yelp Inc has a fifty-two week low of $26.93 and a fifty-two week high of $48.40. The stock has a market capitalization of $3,932.25, a price-to-earnings ratio of 215.64, a PEG ratio of 10.66 and a beta of 1.29.

Yelp (NYSE:YELP) last posted its quarterly earnings results on Wednesday, November 1st. The local business review company reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.30. Yelp had a net margin of 2.31% and a return on equity of 2.20%. The firm had revenue of $222.40 million during the quarter, compared to the consensus estimate of $220.75 million. During the same quarter in the previous year, the firm posted $0.22 earnings per share. The company’s revenue was up 19.4% on a year-over-year basis. equities research analysts predict that Yelp Inc will post 0.17 earnings per share for the current year.

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

A number of equities research analysts have commented on YELP shares. Zacks Investment Research cut Yelp from a “buy” rating to a “hold” rating in a report on Thursday, November 23rd. B. Riley reissued a “neutral” rating and set a $36.00 price target on shares of Yelp in a report on Friday, August 4th. Barclays reissued an “equal weight” rating and set a $36.00 price target (up from $28.00) on shares of Yelp in a report on Friday, August 4th. Robert W. Baird raised their price objective on Yelp from $37.00 to $44.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. Finally, KeyCorp restated a “buy” rating and set a $54.00 price objective on shares of Yelp in a research report on Wednesday, September 6th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and twenty have given a buy rating to the stock. Yelp has an average rating of “Hold” and a consensus price target of $43.31.

A number of large investors have recently modified their holdings of YELP. Strs Ohio bought a new position in Yelp in the second quarter worth approximately $108,000. Russell Investments Group Ltd. raised its stake in 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 buying an additional 2,033 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in Yelp by 28,585.7% in the third quarter. Oppenheimer Asset Management Inc. now owns 4,016 shares of the local business review company’s stock worth $174,000 after buying an additional 4,002 shares in the last quarter. Commerzbank Aktiengesellschaft FI bought a new position in Yelp in the third quarter worth approximately $204,000. Finally, Ameritas Investment Partners Inc. bought a new position in Yelp in the second quarter worth approximately $205,000. 85.75% of the stock is owned by institutional investors.

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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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