Yelp Inc. (NYSE:YELP) Director Geoffrey L. Donaker sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 11th. The stock was sold at an average price of $40.64, for a total value of $243,840.00. Following the transaction, the director now directly owns 6,000 shares in the company, valued at $243,840. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of Yelp Inc. (NYSE:YELP) opened at 38.82 on Thursday. Yelp Inc. has a 12 month low of $14.53 and a 12 month high of $43.36. The stock’s market cap is $3.00 billion. The company has a 50 day moving average price of $39.19 and a 200-day moving average price of $30.05.

Yelp (NYSE:YELP) last released its earnings results on Tuesday, August 9th. The local business review company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates 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 had revenue of $173.40 million for the quarter, compared to analysts’ expectations of $169.82 million. During the same quarter in the previous year, the company earned $0.12 EPS. Yelp’s revenue for the quarter was up 29.5% on a year-over-year basis. On average, equities research analysts predict that Yelp Inc. will post ($0.19) earnings per share for the current year.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in YELP. Bank of Montreal Can purchased a new position in Yelp during the second quarter worth $283,000. IBM Retirement Fund purchased a new position in Yelp during the second quarter worth $209,000. Fisher Asset Management LLC boosted its position in Yelp by 2.8% in the second quarter. Fisher Asset Management LLC now owns 391,351 shares of the local business review company’s stock worth $11,670,000 after buying an additional 10,486 shares during the period. Royal Bank of Canada boosted its position in Yelp by 0.6% in the first quarter. Royal Bank of Canada now owns 651,922 shares of the local business review company’s stock worth $12,960,000 after buying an additional 3,570 shares during the period. Finally, Sterling Ridge Capital Management LP purchased a new position in Yelp during the first quarter worth $431,000. Institutional investors own 74.90% of the company’s stock.

A number of research analysts recently weighed in on YELP shares. Vetr downgraded Yelp from a “strong-buy” rating to a “buy” rating and set a $33.45 price target on the stock. in a research note on Monday, July 11th. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Yelp in a research note on Friday, August 19th. Zacks Investment Research downgraded Yelp from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Wells Fargo & Co. downgraded Yelp from a “market perform” rating to an “underperform” rating and upped their price target for the stock from $27.59 to $30.38 in a research note on Wednesday, July 13th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average 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.

5 Day Chart for NYSE:YELP

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