Yelp Inc. (YELP) COO Joseph R. Nachman Sells 5,000 Shares of Stock
Yelp Inc. (NYSE:YELP) COO Joseph R. Nachman sold 5,000 shares of the firm’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $38.45, for a total value of $192,250.00. Following the completion of the transaction, the chief operating officer now directly owns 122,023 shares in the company, valued at $4,691,784.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
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 35.72 on Tuesday. The firm’s market cap is $2.80 billion. Yelp Inc. has a 1-year low of $14.53 and a 1-year high of $43.36. The company has a 50 day moving average of $37.41 and a 200 day moving average of $32.31.
Yelp (NYSE:YELP) last posted its earnings results on Wednesday, November 2nd. The local business review company reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.25. The company had revenue of $186.20 million for the quarter, compared to analyst estimates of $183 million. Yelp had a negative net margin of 5.23% and a negative return on equity of 4.58%. The business’s revenue for the quarter was up 29.7% compared to the same quarter last year. During the same period last year, the business posted $0.03 earnings per share. On average, equities analysts forecast that Yelp Inc. will post ($0.14) earnings per share for the current fiscal year.
Several brokerages have recently weighed in on YELP. B. Riley restated a “neutral” rating and set a $27.00 target price on shares of Yelp in a research note on Wednesday, August 10th. Vetr upgraded Yelp from a “buy” rating to a “strong-buy” rating and set a $42.15 target price for the company in a research note on Monday. Wedbush raised their target price on Yelp from $30.00 to $35.00 and gave the company a “neutral” rating in a research note on Wednesday, August 10th. Morgan Stanley raised their target price on Yelp from $19.00 to $26.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 9th. Finally, Cantor Fitzgerald raised their target price on Yelp from $38.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, August 8th. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $37.00.
A number of large investors have recently bought and sold shares of YELP. Personal Capital Advisors Corp raised its stake in Yelp by 16.0% in the second quarter. Personal Capital Advisors Corp now owns 420,991 shares of the local business review company’s stock valued at $12,781,000 after buying an additional 58,034 shares during the period. UBS Group AG raised its stake in Yelp by 107.1% in the first quarter. UBS Group AG now owns 31,436 shares of the local business review company’s stock valued at $625,000 after buying an additional 474,072 shares during the period. Vanguard Group Inc. raised its stake in Yelp by 3.4% in the second quarter. Vanguard Group Inc. now owns 4,627,569 shares of the local business review company’s stock valued at $140,493,000 after buying an additional 150,902 shares during the period. Fisher Asset Management LLC raised its stake 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 valued at $11,670,000 after buying an additional 10,486 shares during the period. Finally, Geduld E E purchased a new stake in Yelp during the second quarter valued at $304,000. Institutional investors own 77.58% of the company’s stock.
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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