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 firm’s stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $43.36, for a total value of $260,160.00. Following the completion of the transaction, the director now owns 9,590 shares in the company, valued at approximately $415,822.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Yelp Inc. (NYSE YELP) traded up 0.89% during mid-day trading on Friday, hitting $45.40. The stock had a trading volume of 1,682,711 shares. The firm has a market cap of $3.71 billion, a PE ratio of 287.34 and a beta of 1.34. Yelp Inc. has a 12-month low of $26.93 and a 12-month high of $46.76. The company has a 50-day moving average of $44.00 and a 200-day moving average of $36.36.

Yelp (NYSE:YELP) last issued its earnings results on Thursday, August 3rd. The local business review company reported $0.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.12. Yelp had a net margin of 1.67% and a return on equity of 1.60%. The firm had revenue of $209.90 million during the quarter, compared to the consensus estimate of $204.89 million. During the same quarter in the prior year, the firm earned $0.16 earnings per share. The business’s quarterly revenue was up 21.0% on a year-over-year basis. Analysts expect that Yelp Inc. will post $0.07 earnings per share for the current year.

Yelp announced that its Board of Directors has approved a stock buyback plan on Thursday, August 3rd that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the local business review company to reacquire up to 7.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

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A number of large investors have recently modified their holdings of YELP. Strs Ohio bought a new stake in Yelp in the second quarter valued at approximately $108,000. FNY Partners Fund LP increased its stake in Yelp by 18,650.0% in the first quarter. FNY Partners Fund LP now owns 3,750 shares of the local business review company’s stock valued at $122,000 after purchasing an additional 3,730 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Yelp by 98.8% in the second quarter. Russell Investments Group Ltd. now owns 4,091 shares of the local business review company’s stock valued at $123,000 after purchasing an additional 2,033 shares in the last quarter. FNY Managed Accounts LLC bought a new stake in Yelp in the first quarter valued at approximately $163,000. Finally, Teacher Retirement System of Texas increased its position in shares of Yelp by 11.8% during the first quarter. Teacher Retirement System of Texas now owns 6,167 shares of the local business review company’s stock worth $202,000 after acquiring an additional 653 shares in the last quarter. 91.63% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on YELP shares. Roth Capital set a $21.00 price objective on Yelp and gave the stock a “sell” rating in a research report on Monday, July 31st. Robert W. Baird reiterated a “neutral” rating on shares of Yelp in a research report on Monday, July 3rd. B. Riley reiterated a “neutral” rating and set a $36.00 price objective on shares of Yelp in a research report on Friday, August 4th. Barclays PLC reiterated an “equal weight” rating and set a $36.00 price objective (up previously from $28.00) on shares of Yelp in a research report on Friday, August 4th. Finally, BidaskClub raised Yelp from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, twenty have given a hold rating and nineteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $40.90.

About Yelp

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 offers local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences with other consumers by posting reviews, tips, photos and videos, and to engage directly with businesses, through reviews, its Request-A-Quote and Message the Business features, and by completing transactions on the Yelp Platform.

Insider Buying and Selling by Quarter for Yelp (NYSE:YELP)

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