Yelp Inc (NYSE:YELP) Director Geoffrey L. Donaker sold 6,000 shares of Yelp stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $43.72, for a total value of $262,320.00. Following the transaction, the director now directly owns 9,590 shares in the company, valued at $419,274.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Yelp Inc (YELP) opened at $45.39 on Friday. The company has a market capitalization of $3,647.12, a P/E ratio of 206.33, a price-to-earnings-growth ratio of 4.11 and a beta of 1.22. Yelp Inc has a 1 year low of $26.93 and a 1 year high of $48.40.
Yelp (NYSE:YELP) last issued its quarterly earnings results on Wednesday, November 1st. The local business review company reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.30. The company had revenue of $222.40 million for the quarter, compared to the consensus estimate of $220.75 million. Yelp had a return on equity of 2.20% and a net margin of 2.31%. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.22 EPS. equities analysts predict that Yelp Inc will post 0.17 EPS for the current year.
A number of equities analysts recently weighed in on YELP shares. Zacks Investment Research cut Yelp from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. SunTrust Banks set a $51.00 target price on Yelp and gave the company a “buy” rating in a research note on Friday, October 27th. Goldman Sachs Group reaffirmed a “neutral” rating and set a $42.00 target price on shares of Yelp in a research note on Wednesday, October 11th. Cantor Fitzgerald cut Yelp from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $46.73 to $44.00 in a research note on Monday, October 9th. Finally, KeyCorp reiterated a “buy” rating and set a $54.00 price target on shares of Yelp in a report on Tuesday, October 17th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $43.49.
Several institutional investors and hedge funds have recently added to or reduced their stakes in YELP. Strs Ohio bought a new stake in shares of Yelp during the second quarter valued at approximately $108,000. Russell Investments Group Ltd. increased its position in shares of Yelp by 98.8% during 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 during the period. Oppenheimer Asset Management Inc. increased its position in shares of Yelp by 28,585.7% during the third quarter. Oppenheimer Asset Management Inc. now owns 4,016 shares of the local business review company’s stock valued at $174,000 after purchasing an additional 4,002 shares during the period. Commerzbank Aktiengesellschaft FI bought a new stake in shares of Yelp during the third quarter valued at approximately $204,000. Finally, Ameritas Investment Partners Inc. bought a new stake in shares of Yelp during the second quarter valued at approximately $205,000. Institutional investors and hedge funds own 85.69% of the company’s stock.
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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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