Jeremy Stoppelman Sells 13,000 Shares of Yelp Inc. (YELP) Stock
Yelp Inc. (NYSE:YELP) CEO Jeremy Stoppelman sold 13,000 shares of the company’s stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $41.53, for a total transaction of $539,890.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Jeremy Stoppelman also recently made the following trade(s):
- On Thursday, September 29th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $41.52, for a total transaction of $539,760.00.
- On Friday, September 23rd, Jeremy Stoppelman sold 263,000 shares of Yelp stock. The shares were sold at an average price of $40.00, for a total transaction of $10,520,000.00.
Shares of Yelp Inc. (NYSE:YELP) opened at 41.13 on Friday. Yelp Inc. has a one year low of $14.53 and a one year high of $43.36. The firm’s market cap is $3.18 billion. The firm has a 50-day moving average price of $38.95 and a 200 day moving average price of $29.48.
Yelp (NYSE:YELP) last released 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 Zacks’ 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 period in the prior year, the company earned $0.12 earnings per share. The business’s quarterly revenue was up 29.5% compared to the same quarter last year. On average, analysts forecast that Yelp Inc. will post ($0.19) earnings per share for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in YELP. Emerald Acquisition Ltd. purchased a new stake in Yelp during the second quarter worth about $112,000. Legal & General Group Plc boosted its stake 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 worth $174,000 after buying an additional 2,197 shares during the period. IBM Retirement Fund purchased a new stake in Yelp during the second quarter worth about $209,000. Private Advisor Group LLC purchased a new stake in Yelp during the second quarter worth about $231,000. Finally, Concourse Capital Management LLC purchased a new stake in Yelp during the second quarter worth about $278,000. Institutional investors own 74.90% of the company’s stock.
Several equities analysts have issued reports on the stock. Cantor Fitzgerald restated a “buy” rating on shares of Yelp in a research note on Saturday, July 9th. B. Riley restated a “neutral” rating and set a $27.00 target price on shares of Yelp in a research note on Monday, August 15th. Vetr upgraded shares of Yelp from a “buy” rating to a “strong-buy” rating and set a $33.11 target price on the stock in a research note on Wednesday, July 13th. Jefferies Group restated a “buy” rating on shares of Yelp in a research note on Monday, July 11th. Finally, Axiom Securities upgraded shares of Yelp from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Wednesday, August 10th. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-one have given a buy rating to the company’s stock. Yelp presently has an average rating of “Hold” and an average price target of $36.02.
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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