Joseph R. Nachman Sells 20,288 Shares of Yelp Inc. (YELP) Stock
Yelp Inc. (NYSE:YELP) COO Joseph R. Nachman sold 20,288 shares of the stock in a transaction that occurred on Wednesday, October 5th. The stock was sold at an average price of $42.99, for a total value of $872,181.12. Following the completion of the sale, the chief operating officer now directly owns 137,311 shares of the company’s stock, valued at $5,902,999.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 stock was sold at an average price of $37.45, for a total value of $93,924.60.
Yelp Inc. (NYSE:YELP) opened at 40.66 on Friday. The stock’s market capitalization is $3.14 billion. The stock’s 50 day moving average is $39.03 and its 200 day moving average is $29.62. Yelp Inc. has a 12-month low of $14.53 and a 12-month high of $43.36.
Yelp (NYSE:YELP) last announced its 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 firm had revenue of $173.40 million for the quarter, compared to analysts’ expectations of $169.82 million. Yelp had a negative net margin of 7.20% and a negative return on equity of 6.14%. The business’s revenue was up 29.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.12 EPS. Equities analysts predict that Yelp Inc. will post ($0.19) earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the company. Public Employees Retirement Association of Colorado raised its stake 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 worth $535,000 after buying an additional 101 shares during the period. BlackRock Group LTD raised its stake 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 worth $3,569,000 after buying an additional 654 shares during the period. Utah Retirement Systems raised its stake 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 worth $376,000 after buying an additional 800 shares during the period. Commerzbank Aktiengesellschaft FI raised its stake 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 worth $564,000 after buying an additional 962 shares during the period. Finally, Teacher Retirement System of Texas raised its stake 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 worth $287,000 after buying an additional 1,367 shares during the period. 74.90% of the stock is currently owned by institutional investors.
YELP has been the subject of several analyst reports. Vetr downgraded Yelp from a “hold” rating to a “sell” rating and set a $37.07 price objective for the company. in a research note on Monday, August 29th. Macquarie upped their target price on Yelp from $39.00 to $46.00 and gave the company an “outperform” rating in a report on Wednesday, September 7th. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Yelp in a report on Friday, August 19th. Finally, MKM Partners reaffirmed a “buy” rating and issued a $48.00 target price (up from $40.00) on shares of Yelp in a report on Thursday, August 25th. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-one have assigned a buy rating to the company. The stock presently 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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