Insider Selling: Yelp Inc (YELP) Director Sells 2,000 Shares of Stock
Yelp Inc (NYSE:YELP) Director Geoffrey L. Donaker sold 2,000 shares of the company’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $44.74, for a total value of $89,480.00. Following the completion of the sale, the director now owns 8,055 shares of the company’s stock, valued at approximately $360,380.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of YELP traded up $0.11 during midday trading on Friday, hitting $46.05. The company’s stock had a trading volume of 1,449,014 shares, compared to its average volume of 1,369,927. Yelp Inc has a one year low of $36.42 and a one year high of $51.33. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 657.86, a PEG ratio of 8.30 and a beta of 1.32.
Yelp (NYSE:YELP) last released its quarterly earnings data on Wednesday, August 8th. The local business review company reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.14. Yelp had a return on equity of 0.74% and a net margin of 17.64%. The company had revenue of $234.90 million for the quarter, compared to the consensus estimate of $232.26 million. During the same quarter last year, the business posted $0.25 EPS. Yelp’s revenue for the quarter was up 11.9% on a year-over-year basis. equities analysts expect that Yelp Inc will post 0.28 earnings per share for the current fiscal year.
Several research analysts have recently weighed in on the company. Wedbush reaffirmed an “outperform” rating and set a $60.00 price objective on shares of Yelp in a research report on Thursday. Zacks Investment Research raised Yelp from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research report on Thursday, September 6th. KeyCorp reaffirmed a “hold” rating on shares of Yelp in a research report on Thursday, August 9th. JPMorgan Chase & Co. raised their price objective on Yelp to $57.00 and gave the company an “overweight” rating in a research report on Thursday, August 9th. Finally, Barclays increased their target price on Yelp from $47.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 9th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the stock. Yelp currently has an average rating of “Hold” and an average target price of $48.63.
Yelp Company Profile
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.
Featured Story: Short Selling – Explanation For Shorting Stocks
Receive News & Ratings for Yelp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yelp and related companies with MarketBeat.com's FREE daily email newsletter.