Geoffrey L. Donaker Sells 6,000 Shares of Yelp Inc (NYSE:YELP) Stock
Yelp Inc (NYSE:YELP) Director Geoffrey L. Donaker sold 6,000 shares of the stock in a transaction dated Tuesday, June 5th. The stock was sold at an average price of $43.49, for a total transaction of $260,940.00. Following the transaction, the director now owns 10,055 shares in the company, valued at $437,291.95. The sale was disclosed in a filing with the SEC, which is available through this link.
Yelp traded up $0.11, reaching $41.16, on Thursday, according to MarketBeat.com. The company’s stock had a trading volume of 1,633,700 shares, compared to its average volume of 1,485,231. Yelp Inc has a fifty-two week low of $28.98 and a fifty-two week high of $48.40. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of 588.00, a price-to-earnings-growth ratio of 12.78 and a beta of 1.04.
Yelp (NYSE:YELP) last issued its quarterly earnings data on Thursday, May 10th. The local business review company reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.05). Yelp had a net margin of 17.80% and a return on equity of 0.47%. The firm had revenue of $223.07 million during the quarter, compared to analysts’ expectations of $220.17 million. During the same quarter in the prior year, the firm posted $0.19 EPS. Yelp’s quarterly revenue was up 12.6% compared to the same quarter last year. equities research analysts predict that Yelp Inc will post 0.13 EPS for the current fiscal year.
Several brokerages recently commented on YELP. Aegis lowered shares of Yelp from a “hold” rating to a “sell” rating and decreased their price objective for the company from $45.00 to $34.00 in a research report on Wednesday. KeyCorp cut shares of Yelp from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, June 6th. Wedbush reaffirmed a “neutral” rating on shares of Yelp in a research note on Wednesday, May 16th. Zacks Investment Research raised shares of Yelp from a “sell” rating to a “hold” rating in a research note on Thursday, March 15th. Finally, B. Riley raised shares of Yelp from a “neutral” rating to a “buy” rating and lifted their price target for the company from $42.00 to $58.00 in a research note on Friday, May 18th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $45.60.
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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