Yelp Inc. (NYSE:YELP) Director Geoffrey L. Donaker sold 6,000 shares of the company’s stock in a transaction on Tuesday, January 24th. The stock was sold at an average price of $41.54, for a total transaction of $249,240.00. Following the completion of the transaction, the director now directly owns 11,079 shares in the company, valued at $460,221.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Yelp Inc. (NYSE:YELP) opened at 42.75 on Friday. The stock’s 50 day moving average is $38.94 and its 200-day moving average is $36.79. Yelp Inc. has a 12 month low of $14.53 and a 12 month high of $43.36. The company’s market capitalization is $3.35 billion.
Yelp (NYSE:YELP) last issued its earnings results on Wednesday, November 2nd. The local business review company reported $0.22 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.25. The company earned $186.20 million during the quarter, compared to analysts’ expectations 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 in the previous year, the company earned $0.03 EPS. On average, analysts expect that Yelp Inc. will post ($0.14) EPS for the current year.
A number of equities research analysts recently issued reports on YELP shares. Vetr upgraded shares of Yelp from a “buy” rating to a “strong-buy” rating and set a $43.15 price objective for the company in a report on Monday, October 17th. Zacks Investment Research cut shares of Yelp from a “hold” rating to a “sell” rating in a report on Thursday, October 20th. Deutsche Bank AG reiterated a “buy” rating on shares of Yelp in a report on Tuesday, November 1st. Mizuho upped their price objective on shares of Yelp from $42.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, November 2nd. Finally, Roth Capital set a $27.00 price objective on shares of Yelp and gave the stock a “sell” rating in a report on Tuesday, October 25th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and nineteen have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $37.78.
A number of institutional investors have recently added to or reduced their stakes in YELP. BlackRock Investment Management LLC boosted its position in Yelp by 8.0% in the second quarter. BlackRock Investment Management LLC now owns 72,242 shares of the local business review company’s stock worth $2,193,000 after buying an additional 5,340 shares in the last quarter. BlackRock Advisors LLC boosted its position in Yelp by 0.4% in the second quarter. BlackRock Advisors LLC now owns 408,629 shares of the local business review company’s stock worth $12,406,000 after buying an additional 1,501 shares in the last quarter. Vanguard Group Inc. boosted its position 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 worth $140,493,000 after buying an additional 150,902 shares in the last quarter. Principal Financial Group Inc. bought a new position in Yelp during the second quarter worth about $421,000. Finally, Dimensional Fund Advisors LP bought a new position in Yelp during the second quarter worth about $2,594,000. Institutional investors and hedge funds own 72.98% of the company’s stock.
Yelp Company Profile
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.