Geoffrey L. Donaker Sells 2,000 Shares of Yelp Inc (YELP) Stock
Yelp Inc (NYSE:YELP) Director Geoffrey L. Donaker sold 2,000 shares of Yelp stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $46.96, for a total value of $93,920.00. Following the sale, the director now owns 8,055 shares in the company, valued at $378,262.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of NYSE YELP opened at $45.32 on Friday. Yelp Inc has a twelve month low of $36.42 and a twelve month high of $51.33. The company has a market capitalization of $4.13 billion, a PE ratio of 647.43, a PEG ratio of 16.19 and a beta of 0.96.
Yelp (NYSE:YELP) last released its quarterly earnings data on Wednesday, August 8th. The local business review company reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.14. Yelp had a return on equity of 0.74% and a net margin of 17.64%. The business had revenue of $234.90 million during the quarter, compared to analyst estimates of $232.26 million. During the same quarter in the previous year, the firm posted $0.25 EPS. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. sell-side analysts predict that Yelp Inc will post 0.16 earnings per share for the current fiscal year.
Several equities research analysts have issued reports on the company. Jefferies Financial Group lifted their price objective on Yelp from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, August 9th. Zacks Investment Research upgraded Yelp from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Wednesday. Stifel Nicolaus boosted their price target on Yelp from $40.00 to $42.00 and gave the company a “hold” rating in a report on Thursday, August 9th. KeyCorp reiterated a “hold” rating on shares of Yelp in a report on Thursday, August 9th. Finally, Barclays boosted their price target on Yelp from $47.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, August 9th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $48.17.
Yelp Company Profile
Yelp Inc operates a platform that connects people with local businesses in the United States, Canada, and internationally. The company's platform covers various local business categories, including restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others.
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