Geoffrey L. Donaker Sells 6,000 Shares of Yelp Inc. (YELP) Stock
Yelp Inc. (NYSE:YELP) Director Geoffrey L. Donaker sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $41.55, for a total transaction of $249,300.00. Following the sale, the director now directly owns 6,000 shares in the company, valued at $249,300. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Yelp Inc. (NYSE:YELP) opened at 41.13 on Friday. The company’s market cap is $3.18 billion. The company has a 50 day moving average price of $38.95 and a 200 day moving average price of $29.48. Yelp Inc. has a 52 week low of $14.53 and a 52 week high of $43.36.
Yelp (NYSE:YELP) last posted its quarterly earnings results on Tuesday, August 9th. The local business review company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.08. The business had revenue of $173.40 million for the quarter, compared to analysts’ expectations of $169.82 million. Yelp had a negative return on equity of 6.14% and a negative net margin of 7.20%. The firm’s quarterly revenue was up 29.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.12 earnings per share. On average, equities analysts expect that Yelp Inc. will post ($0.19) earnings per share for the current year.
Several research analysts have recently weighed in on the stock. Cantor Fitzgerald reiterated a “buy” rating on shares of Yelp in a report on Saturday, July 9th. B. Riley reiterated a “neutral” rating and set a $27.00 price objective on shares of Yelp in a report on Monday, August 15th. Vetr upgraded shares of Yelp from a “buy” rating to a “strong-buy” rating and set a $33.11 price objective on the stock in a report on Wednesday, July 13th. Jefferies Group reiterated a “buy” rating on shares of Yelp in a report on Monday, July 11th. Finally, Axiom Securities upgraded shares of Yelp from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a report on Wednesday, August 10th. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-one have assigned a buy rating to the company. Yelp currently has an average rating of “Hold” and a consensus target price of $36.02.
A number of institutional investors have recently bought and sold shares of the stock. Emerald Acquisition Ltd. purchased a new position in Yelp during the second quarter valued at about $112,000. Legal & General Group Plc boosted its position in Yelp by 62.0% in the second quarter. Legal & General Group Plc now owns 5,742 shares of the local business review company’s stock valued at $174,000 after buying an additional 2,197 shares in the last quarter. IBM Retirement Fund purchased a new position in Yelp during the second quarter valued at about $209,000. Private Advisor Group LLC purchased a new position in Yelp during the second quarter valued at about $231,000. Finally, Concourse Capital Management LLC purchased a new position in Yelp during the second quarter valued at about $278,000. Institutional investors and hedge funds own 74.90% 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.
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