Insider Selling: Yelp Inc (YELP) Director Sells $262,320.00 in Stock
Yelp Inc (NYSE:YELP) Director Geoffrey L. Donaker sold 6,000 shares of the firm’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $43.72, for a total transaction of $262,320.00. Following the completion of the transaction, the director now directly owns 9,590 shares of the company’s stock, valued at approximately $419,274.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Yelp Inc (YELP) opened at $41.91 on Friday. The firm has a market capitalization of $3,470.00, a P/E ratio of 182.22, a price-to-earnings-growth ratio of 9.27 and a beta of 1.22. Yelp Inc has a one year low of $26.93 and a one year high of $48.40.
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 Zacks’ consensus estimate of ($0.01) by $0.30. Yelp had a return on equity of 2.20% and a net margin of 2.31%. The firm had revenue of $222.40 million during the quarter, compared to the consensus estimate of $220.75 million. During the same period last year, the company earned $0.22 earnings per share. The business’s revenue was up 19.4% compared to the same quarter last year. equities analysts forecast that Yelp Inc will post 0.17 EPS for the current fiscal year.
YELP has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Yelp from a “buy” rating to a “hold” rating in a report on Thursday, November 23rd. Piper Jaffray Companies reiterated an “underweight” rating and issued a $37.00 price objective (down previously from $38.00) on shares of Yelp in a research note on Thursday, December 7th. Evercore ISI assumed coverage on shares of Yelp in a research note on Tuesday, December 5th. They issued an “in-line” rating and a $46.00 price objective on the stock. Robert W. Baird increased their price objective 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, J P Morgan Chase & Co increased their price objective on shares of Yelp from $52.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, December 18th. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $43.49.
Several institutional investors and hedge funds have recently added to or reduced their stakes in YELP. Strs Ohio acquired a new stake in shares of Yelp in the second quarter valued at approximately $108,000. Russell Investments Group Ltd. raised its holdings 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 valued at $123,000 after acquiring an additional 2,033 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in Yelp by 28,585.7% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 4,016 shares of the local business review company’s stock valued at $174,000 after acquiring an additional 4,002 shares in the last quarter. Commerzbank Aktiengesellschaft FI acquired a new position in Yelp in the 3rd quarter valued at $204,000. Finally, Ameritas Investment Partners Inc. acquired a new position in Yelp in the 2nd quarter valued at $205,000. 85.69% of the stock is owned by institutional investors.
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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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