Yelp Inc (YELP) Director Geoffrey L. Donaker Sells 2,000 Shares
Yelp Inc (NYSE:YELP) Director Geoffrey L. Donaker sold 2,000 shares of the stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of $34.09, for a total value of $68,180.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of YELP traded up $0.68 on Thursday, reaching $33.01. The stock had a trading volume of 2,713,900 shares, compared to its average volume of 1,921,317. The stock has a market cap of $2.85 billion, a PE ratio of 470.86, a PEG ratio of 5.71 and a beta of 1.29. Yelp Inc has a 12-month low of $29.33 and a 12-month high of $52.50.
Yelp (NYSE:YELP) last released its earnings results on Thursday, November 8th. The local business review company reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.09. The company had revenue of $241.10 million during the quarter, compared to analysts’ expectations of $245.55 million. Yelp had a return on equity of 1.34% and a net margin of 18.04%. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.29 EPS. Sell-side analysts predict that Yelp Inc will post 0.3 EPS for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC purchased a new position in Yelp during the third quarter valued at $194,000. Ibex Investors LLC purchased a new position in Yelp during the third quarter valued at $206,000. Hartford Investment Management Co. purchased a new position in Yelp during the third quarter valued at $232,000. Wedbush Securities Inc. purchased a new position in Yelp during the third quarter valued at $254,000. Finally, Janus Henderson Group PLC purchased a new position in Yelp during the second quarter valued at $206,000. Institutional investors own 86.07% of the company’s stock.
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Yelp Inc operates a platform that connects people with local businesses in the United States, Canada, and internationally. The company's platform covers various local business categories, including restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others.
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