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.
ILLEGAL ACTIVITY NOTICE: This story was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark law. The legal version of this story can be viewed at https://www.dispatchtribunal.com/2017/10/28/geoffrey-l-donaker-sells-6000-shares-of-yelp-inc-yelp-stock-3.html.
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.
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.
Receive News & Ratings for Yelp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yelp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.