Yelp Inc. (YELP) COO Sells $872,181.12 in Stock
Yelp Inc. (NYSE:YELP) COO Joseph R. Nachman sold 20,288 shares of Yelp stock in a transaction dated Wednesday, October 5th. The shares were sold at an average price of $42.99, for a total value of $872,181.12. Following the transaction, the chief operating officer now owns 137,311 shares in the company, valued at approximately $5,902,999.89. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
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 value of $93,924.60.
Shares of Yelp Inc. (NYSE:YELP) opened at 40.66 on Friday. Yelp Inc. has a 12 month low of $14.53 and a 12 month high of $43.36. The company’s 50 day moving average price is $39.03 and its 200 day moving average price is $29.62. The company’s market cap is $3.14 billion.
Yelp (NYSE:YELP) last issued 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 Thomson Reuters’ 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 firm earned $173.40 million during the quarter, compared to analyst estimates of $169.82 million. During the same quarter in the previous year, the company posted $0.12 earnings per share. The company’s revenue was up 29.5% compared to the same quarter last year. On average, equities analysts expect that Yelp Inc. will post ($0.19) EPS for the current fiscal year.
Large investors have recently modified their holdings of the company. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Yelp during the first quarter valued at about $539,000. TIAA CREF Investment Management LLC raised its stake 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 valued at $3,879,000 after buying an additional 3,310 shares during the period. BlackRock Inc. raised its stake 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 valued at $1,564,000 after buying an additional 7,175 shares during the period. BlackRock Group LTD raised its stake 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 valued at $3,569,000 after buying an additional 654 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Yelp during the first quarter valued at about $475,000. 74.90% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently issued reports on YELP shares. Vetr lowered Yelp from a “hold” rating to a “sell” rating and set a $37.07 target price on the stock. in a research report on Monday, August 29th. Macquarie lifted their target price on Yelp from $39.00 to $46.00 and gave the company an “outperform” rating in a research report on Wednesday, September 7th. Cantor Fitzgerald reissued a “buy” rating on shares of Yelp in a research report on Friday, August 19th. Finally, MKM Partners reissued a “buy” rating and issued a $48.00 target price (up previously from $40.00) on shares of Yelp in a research 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 company currently has a consensus rating of “Hold” and an average price target of $36.03.
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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