Yelp Inc. (NYSE:YELP) COO Joseph R. Nachman sold 25,864 shares of the business’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $41.36, for a total transaction of $1,069,735.04. Following the transaction, the chief operating officer now directly owns 142,887 shares in the company, valued at approximately $5,909,806.32. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Joseph R. Nachman also recently made the following trade(s):

  • On Tuesday, August 23rd, Joseph R. Nachman sold 2,508 shares of Yelp stock. The shares were sold at an average price of $37.45, for a total transaction of $93,924.60.

Yelp Inc. (NYSE:YELP) opened at 42.16 on Thursday. Yelp Inc. has a 12 month low of $14.53 and a 12 month high of $43.36. The stock has a 50 day moving average price of $38.82 and a 200-day moving average price of $29.39. The stock’s market cap is $3.26 billion.

Yelp (NYSE:YELP) last announced its quarterly earnings results on Tuesday, August 9th. The local business review company reported $0.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.08. Yelp had a negative return on equity of 6.14% and a negative net margin of 7.20%. The company earned $173.40 million during the quarter, compared to analyst estimates of $169.82 million. During the same quarter in the previous year, the firm posted $0.12 EPS. The firm’s quarterly revenue was up 29.5% on a year-over-year basis. On average, analysts expect that Yelp Inc. will post ($0.19) EPS for the current year.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Yelp during the first quarter worth about $539,000. TIAA CREF Investment Management LLC raised its position in shares of Yelp by 1.7% in the first quarter. TIAA CREF Investment Management LLC now owns 195,107 shares of the local business review company’s stock worth $3,879,000 after buying an additional 3,310 shares during the period. BlackRock Inc. raised its position in shares of Yelp by 10.0% in the first quarter. BlackRock Inc. now owns 78,658 shares of the local business review company’s stock worth $1,564,000 after buying an additional 7,175 shares during the period. BlackRock Group LTD raised its position in shares of Yelp by 0.4% in the first quarter. BlackRock Group LTD now owns 179,547 shares of the local business review company’s stock worth $3,569,000 after buying an additional 654 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Yelp during the first quarter worth about $475,000. Institutional investors own 74.90% of the company’s stock.

YELP has been the topic of several recent research reports. Cantor Fitzgerald reissued a “buy” rating and set a $42.00 price target on shares of Yelp in a research report on Tuesday, September 27th. Vetr raised shares of Yelp from a “hold” rating to a “buy” rating and set a $40.05 target price on the stock in a research report on Monday, September 12th. Needham & Company LLC upped their target price on shares of Yelp from $34.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, August 10th. Jefferies Group reaffirmed a “buy” rating on shares of Yelp in a research report on Monday, July 11th. Finally, Raymond James Financial Inc. raised shares of Yelp from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a research report on Wednesday, August 10th. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $35.61.

About Yelp

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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