Yelp Inc. (NYSE:YELP) Director Geoffrey L. Donaker sold 6,000 shares of Yelp stock in a transaction on Tuesday, October 11th. The shares were sold at an average price of $40.64, for a total transaction of $243,840.00. Following the transaction, the director now owns 6,000 shares in the company, valued at approximately $243,840. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Yelp Inc. (NYSE:YELP) opened at 38.82 on Thursday. Yelp Inc. has a 52-week low of $14.53 and a 52-week high of $43.36. The stock’s market cap is $3.00 billion. The company’s 50-day moving average is $39.19 and its 200-day moving average is $30.05.
Yelp (NYSE:YELP) last posted its quarterly earnings results on Tuesday, August 9th. The local business review company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.08. Yelp had a negative net margin of 7.20% and a negative return on equity of 6.14%. The company earned $173.40 million during the quarter, compared to analysts’ expectations of $169.82 million. During the same quarter in the previous year, the business posted $0.12 EPS. The firm’s revenue was up 29.5% on a year-over-year basis. Equities analysts anticipate that Yelp Inc. will post ($0.19) EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Public Employees Retirement Association of Colorado boosted its position in Yelp by 0.6% in the second quarter. Public Employees Retirement Association of Colorado now owns 17,632 shares of the local business review company’s stock valued at $535,000 after buying an additional 101 shares during the period. BlackRock Group LTD boosted its position in Yelp by 0.4% in the first quarter. BlackRock Group LTD now owns 179,547 shares of the local business review company’s stock valued at $3,569,000 after buying an additional 654 shares during the period. Utah Retirement Systems boosted its position in Yelp by 6.9% in the second quarter. Utah Retirement Systems now owns 12,400 shares of the local business review company’s stock valued at $376,000 after buying an additional 800 shares during the period. Commerzbank Aktiengesellschaft FI boosted its position in Yelp by 5.5% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 18,587 shares of the local business review company’s stock valued at $564,000 after buying an additional 962 shares during the period. Finally, Teacher Retirement System of Texas boosted its position in Yelp by 16.9% in the second quarter. Teacher Retirement System of Texas now owns 9,459 shares of the local business review company’s stock valued at $287,000 after buying an additional 1,367 shares during the period. Institutional investors own 74.90% of the company’s stock.
YELP has been the topic of several research analyst reports. Vetr cut shares of Yelp from a “hold” rating to a “sell” rating and set a $37.07 price target on the stock. in a research note on Monday, August 29th. Macquarie boosted their price target on shares of Yelp from $39.00 to $46.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 7th. Cantor Fitzgerald reiterated a “buy” rating on shares of Yelp in a research note on Friday, August 19th. Finally, MKM Partners reiterated a “buy” rating and issued a $48.00 price target (up previously from $40.00) on shares of Yelp in a research note on Thursday, August 25th. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $36.03.
Yelp Company Profile
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 provides local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences, through reviews, tips, photos and videos, and engages directly with businesses, through reviews, phone calls and its Message the Business feature.
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