Yelp (NYSE:YELP) Director Geoffrey L. Donaker sold 6,000 shares of Yelp stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $46.38, for a total value of $278,280.00. Following the sale, the director now directly owns 10,055 shares of the company’s stock, valued at $466,350.90. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of NYSE YELP opened at $42.08 on Friday. Yelp has a 12-month low of $26.93 and a 12-month high of $48.40. The firm has a market capitalization of $3,533.46, a P/E ratio of 601.14, a P/E/G ratio of 6.52 and a beta of 1.12.
Yelp (NYSE:YELP) last announced its quarterly earnings results on Wednesday, February 7th. The local business review company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.16. The firm had revenue of $218.25 million during the quarter, compared to the consensus estimate of $215.12 million. Yelp had a return on equity of 0.23% and a net margin of 18.05%. equities analysts anticipate that Yelp will post 0.25 earnings per share for the current year.
Several brokerages recently issued reports on YELP. Bank of America boosted their price target on Yelp from $52.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Zacks Investment Research restated a “hold” rating on shares of Yelp in a research report on Saturday, January 13th. JPMorgan Chase boosted their target price on Yelp from $52.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, December 18th. B. Riley reiterated a “neutral” rating on shares of Yelp in a research report on Tuesday, February 6th. Finally, KeyCorp set a $54.00 target price on Yelp and gave the stock a “buy” rating in a research report on Thursday, February 8th. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating and sixteen have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $43.56.
Institutional investors have recently made changes to their positions in the company. Slow Capital Inc. acquired a new stake in shares of Yelp during the fourth quarter valued at about $163,000. Oppenheimer Asset Management Inc. grew its stake 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 acquiring an additional 4,002 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Yelp by 46.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,240 shares of the local business review company’s stock valued at $178,000 after acquiring an additional 1,337 shares in the last quarter. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Yelp during the third quarter valued at about $204,000. Finally, Turner Investments LLC acquired a new stake in shares of Yelp during the third quarter valued at about $217,000. Institutional investors own 87.82% of the company’s stock.
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Yelp Company Profile
Yelp Inc operates a platform that connects people with local businesses in the United States, Canada, and internationally. The company's platform covers various local business categories, including restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others.
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