Yelp Inc (YELP) Director Sells $92,960.00 in Stock
Yelp Inc (NYSE:YELP) Director Geoffrey L. Donaker sold 2,000 shares of the business’s stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $46.48, for a total transaction of $92,960.00. Following the transaction, the director now directly owns 8,055 shares in the company, valued at approximately $374,396.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
NYSE:YELP traded up $1.03 on Friday, reaching $42.78. 2,554,663 shares of the company’s stock were exchanged, compared to its average volume of 1,763,857. The firm has a market capitalization of $4.12 billion, a PE ratio of 611.14, a price-to-earnings-growth ratio of 8.25 and a beta of 1.21. Yelp Inc has a 52-week low of $36.42 and a 52-week high of $52.50.
Yelp (NYSE:YELP) last released its earnings results on Wednesday, August 8th. The local business review company reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.14. Yelp had a net margin of 17.64% and a return on equity of 0.74%. The firm had revenue of $234.90 million for the quarter, compared to analyst estimates of $232.26 million. During the same period in the prior year, the firm earned $0.25 earnings per share. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. As a group, equities analysts forecast that Yelp Inc will post 0.3 earnings per share for the current fiscal year.
Several research analysts have recently weighed in on YELP shares. Zacks Investment Research cut shares of Yelp from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th. Royal Bank of Canada boosted their price objective on shares of Yelp to $62.00 and gave the company an “outperform” rating in a report on Monday, September 17th. ValuEngine lowered shares of Yelp from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th. SunTrust Banks set a $50.00 price objective on shares of Yelp and gave the company a “buy” rating in a report on Wednesday, August 8th. Finally, Jefferies Financial Group boosted their price objective on shares of Yelp from $53.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, August 9th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company. Yelp currently has an average rating of “Hold” and a consensus target price of $49.24.
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.
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