Yelp Inc (NYSE:YELP) Director Geoffrey L. Donaker sold 2,000 shares of the company’s stock in a transaction on Tuesday, January 8th. The stock was sold at an average price of $35.20, for a total transaction of $70,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Yelp stock opened at $34.31 on Friday. The stock has a market cap of $2.87 billion, a PE ratio of 490.14, a PEG ratio of 2.75 and a beta of 0.99. Yelp Inc has a 1-year low of $29.33 and a 1-year high of $52.50.

Yelp (NYSE:YELP) last posted its earnings results on Thursday, November 8th. The local business review company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.09. The company had revenue of $241.10 million during the quarter, compared to analyst estimates of $245.55 million. Yelp had a net margin of 18.04% and a return on equity of 1.34%. Yelp’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.29 earnings per share. As a group, research analysts predict that Yelp Inc will post 0.37 EPS for the current year.

Several institutional investors have recently bought and sold shares of YELP. Rehmann Capital Advisory Group bought a new position in Yelp in the third quarter worth about $161,000. Steward Partners Investment Advisory LLC bought a new position in Yelp in the third quarter worth about $194,000. Janus Henderson Group PLC bought a new position in Yelp in the second quarter worth about $206,000. Ibex Investors LLC bought a new position in Yelp in the third quarter worth about $206,000. Finally, Hartford Investment Management Co. bought a new position in Yelp in the third quarter worth about $232,000. Institutional investors own 90.40% of the company’s stock.

Several research analysts recently issued reports on YELP shares. Royal Bank of Canada upped their target price on shares of Yelp to $62.00 and gave the stock an “outperform” rating in a research report on Monday, September 17th. SunTrust Banks reiterated a “hold” rating and issued a $35.00 target price (down from $51.00) on shares of Yelp in a research report on Friday, November 9th. Zacks Investment Research lowered shares of Yelp from a “buy” rating to a “hold” rating in a research report on Friday, September 28th. DA Davidson cut their target price on shares of Yelp to $43.00 and set a “buy” rating for the company in a research report on Monday, November 12th. Finally, Cowen set a $39.00 price target on shares of Yelp and gave the company a “hold” rating in a research report on Friday, November 9th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $40.18.

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About Yelp

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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