Yelp Inc. (NYSE:YELP) COO Joseph R. Nachman sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, October 10th. The shares were sold at an average price of $41.06, for a total value of $205,300.00. Following the completion of the sale, the chief operating officer now owns 122,023 shares of the company’s stock, valued at $5,010,264.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 38.82 on Thursday. Yelp Inc. has a one year low of $14.53 and a one year high of $43.36. The stock’s market cap is $3.00 billion. The firm’s 50-day moving average price is $39.19 and its 200 day moving average price is $30.05.

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, 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 business had revenue of $173.40 million for the quarter, compared to analyst estimates of $169.82 million. During the same period in the previous year, the company earned $0.12 earnings per share. The company’s revenue for the quarter was up 29.5% compared to the same quarter last year. Equities research analysts expect that Yelp Inc. will post ($0.19) EPS for the current fiscal year.

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

Several hedge funds have recently made changes to their positions in YELP. Marshall Wace LLP raised its stake in shares of Yelp by 7,215.4% in the second quarter. Marshall Wace LLP now owns 1,580,204 shares of the local business review company’s stock worth $47,975,000 after buying an additional 1,558,603 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of Yelp by 1,840.8% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 526,360 shares of the local business review company’s stock worth $15,980,000 after buying an additional 499,239 shares during the last quarter. UBS Group AG raised its stake in shares of Yelp by 107.1% in the first quarter. UBS Group AG now owns 31,436 shares of the local business review company’s stock worth $625,000 after buying an additional 474,072 shares during the last quarter. Orbis Allan Gray Ltd acquired a new stake in shares of Yelp during the first quarter worth about $7,734,000. Finally, Tairen Capital Ltd acquired a new stake in shares of Yelp during the second quarter worth about $9,293,000. 74.90% of the stock is currently owned by institutional investors and hedge funds.

YELP has been the subject of a number of recent analyst reports. Vetr cut Yelp from a “hold” rating to a “sell” rating and set a $37.07 price objective for the company. in a research report on Monday, August 29th. Macquarie boosted their price objective 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 restated a “buy” rating on shares of Yelp in a research report on Friday, August 19th. Finally, MKM Partners restated a “buy” rating and issued a $48.00 price objective (up from $40.00) on shares of Yelp in a research report on Thursday, August 25th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty have given a buy rating to the company. Yelp currently has an average rating of “Hold” and a consensus price target of $36.03.

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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