Yelp Inc (NYSE:YELP) Director Geoffrey L. Donaker sold 6,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $45.49, for a total value of $272,940.00. Following the sale, the director now owns 9,590 shares of the company’s stock, valued at $436,249.10. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Yelp Inc (YELP) opened at $43.89 on Friday. Yelp Inc has a 52 week low of $26.93 and a 52 week high of $48.40. The stock has a market capitalization of $3,692.71, a PE ratio of 202.50, a price-to-earnings-growth ratio of 10.01 and a beta of 1.22.
Yelp (NYSE:YELP) last issued its quarterly earnings results on Wednesday, November 1st. The local business review company reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.30. Yelp had a return on equity of 2.20% and a net margin of 2.31%. The firm had revenue of $222.40 million during the quarter, compared to analyst estimates of $220.75 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. The company’s revenue was up 19.4% compared to the same quarter last year. equities analysts predict that Yelp Inc will post 0.17 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the business. Strs Ohio bought a new stake in shares of Yelp in the 2nd quarter valued at about $108,000. Oppenheimer Asset Management Inc. lifted its stake in shares of Yelp by 28,585.7% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 4,016 shares of the local business review company’s stock valued at $174,000 after acquiring an additional 4,002 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Yelp by 98.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,091 shares of the local business review company’s stock valued at $123,000 after acquiring an additional 2,033 shares during the last quarter. Commerzbank Aktiengesellschaft FI bought a new stake in shares of Yelp in the 3rd quarter valued at about $204,000. Finally, Turner Investments LLC bought a new stake in shares of Yelp in the 3rd quarter valued at about $217,000. 85.75% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have issued reports on the company. Roth Capital raised Yelp from a “sell” rating to a “neutral” rating and upped their target price for the stock from $21.00 to $35.00 in a report on Friday, August 4th. Cantor Fitzgerald cut Yelp from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $46.73 to $44.00 in a research note on Monday, October 9th. 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 note on Tuesday, November 21st. Credit Suisse Group set a $40.00 target price on Yelp and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $37.00 price target (up previously from $26.00) on shares of Yelp in a report on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twenty have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $43.28.
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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 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.
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