Yelp Inc (YELP) Director Geoffrey L. Donaker Sells 6,000 Shares
Yelp Inc (NYSE:YELP) Director Geoffrey L. Donaker sold 6,000 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $47.39, for a total transaction of $284,340.00. Following the transaction, the director now owns 9,590 shares of the company’s stock, valued at approximately $454,470.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Yelp Inc (YELP) traded down $0.65 during trading hours on Thursday, hitting $44.55. 1,505,809 shares of the stock were exchanged, compared to its average volume of 2,495,473. Yelp Inc has a 1-year low of $26.93 and a 1-year high of $48.40. The stock has a market capitalization of $3,932.25, a PE ratio of 215.64, a price-to-earnings-growth ratio of 10.66 and a beta of 1.29.
Yelp (NYSE:YELP) last announced its earnings results on Wednesday, November 1st. The local business review company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.30. Yelp had a net margin of 2.31% and a return on equity of 2.20%. The business had revenue of $222.40 million during the quarter, compared to analysts’ expectations of $220.75 million. During the same period in the prior year, the company earned $0.22 earnings per share. The business’s revenue was up 19.4% compared to the same quarter last year. analysts anticipate that Yelp Inc will post 0.17 earnings per share for the current year.
A number of equities analysts recently commented on the stock. Zacks Investment Research downgraded shares of Yelp from a “buy” rating to a “hold” rating in a research note on Thursday, November 23rd. KeyCorp set a $54.00 target price on shares of Yelp and gave the stock a “buy” rating in a research note on Thursday, November 16th. Piper Jaffray Companies reiterated a “hold” rating and set a $38.00 target price on shares of Yelp in a research note on Friday, November 3rd. Robert W. Baird boosted their target price on shares of Yelp from $37.00 to $44.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. Finally, Credit Suisse Group boosted their target price on shares of Yelp from $48.00 to $51.00 and gave the stock an “outperform” rating in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and twenty have assigned a buy rating to the company. Yelp currently has an average rating of “Hold” and a consensus price target of $43.31.
Large investors have recently made changes to their positions in the company. Strs Ohio purchased a new stake in shares of Yelp in the second quarter valued at about $108,000. Oppenheimer Asset Management Inc. raised its holdings in shares of 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 valued at $174,000 after buying an additional 4,002 shares during the last quarter. Russell Investments Group Ltd. raised its holdings 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 valued at $123,000 after buying an additional 2,033 shares during the last quarter. Commerzbank Aktiengesellschaft FI purchased a new position in Yelp during the third quarter worth about $204,000. Finally, Turner Investments LLC purchased a new position in Yelp during the third quarter worth about $217,000. 85.75% of the stock is owned by institutional investors and hedge funds.
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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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