Geoffrey L. Donaker Sells 4,000 Shares of Yelp Inc (YELP) Stock

Yelp Inc (NYSE:YELP) Director Geoffrey L. Donaker sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 21st. The shares were sold at an average price of $34.68, for a total value of $138,720.00. Following the completion of the transaction, the director now directly owns 9,590 shares in the company, valued at $332,581.20. The transaction was disclosed in a filing with the SEC, which is available at this link.

Yelp Inc (NYSE:YELP) opened at 32.48 on Monday. The firm’s 50 day moving average is $35.25 and its 200 day moving average is $37.44. The company’s market cap is $2.59 billion. Yelp Inc has a 12-month low of $18.71 and a 12-month high of $43.41.

Yelp (NYSE:YELP) last posted its earnings results on Thursday, February 9th. The local business review company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.24. The company earned $194.50 million during the quarter, compared to the consensus estimate of $194.51 million. Yelp had a negative net margin of 0.65% and a negative return on equity of 0.01%. The firm’s quarterly revenue was up 26.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.11 earnings per share. Equities research analysts anticipate that Yelp Inc will post $0.08 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Yelp (NYSE:YELP)

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Several research firms recently issued reports on YELP. Stifel Nicolaus lowered their price objective on Yelp from $42.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, February 10th. Deutsche Bank AG reiterated a “buy” rating and set a $52.00 target price on shares of Yelp in a research note on Friday, February 10th. Evercore ISI decreased their target price on shares of Yelp from $39.00 to $37.00 and set a “hold” rating for the company in a research note on Friday, February 10th. B. Riley reiterated a “neutral” rating and set a $36.00 target price on shares of Yelp in a research note on Friday, February 10th. Finally, MKM Partners reiterated a “buy” rating and set a $48.00 target price on shares of Yelp in a research note on Friday, December 23rd. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $40.59.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FNY Managed Accounts LLC acquired a new position in Yelp during the third quarter worth about $100,000. US Bancorp DE increased its position in Yelp by 3,181.0% in the third quarter. US Bancorp DE now owns 3,970 shares of the local business review company’s stock worth $165,000 after buying an additional 3,849 shares in the last quarter. TLP Group LLC acquired a new position in Yelp during the third quarter worth about $187,000. Ardsley Advisory Partners acquired a new position in Yelp during the third quarter worth about $250,000. Finally, Advisor Group Inc. increased its position in Yelp by 919.2% in the third quarter. Advisor Group Inc. now owns 6,859 shares of the local business review company’s stock worth $286,000 after buying an additional 6,186 shares in the last quarter. Institutional investors own 74.24% of the company’s stock.

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.

5 Day Chart for NYSE:YELP

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