Yelp Inc (NYSE:YELP) Director Geoffrey L. Donaker sold 4,000 shares of the company’s stock in a transaction on Tuesday, October 16th. The shares were sold at an average price of $43.02, for a total value of $172,080.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Yelp stock traded up $0.30 during mid-day trading on Friday, hitting $42.88. 2,234 shares of the company’s stock traded hands, compared to its average volume of 1,868,544. The company has a market capitalization of $3.68 billion, a P/E ratio of 615.57, a PEG ratio of 7.36 and a beta of 1.21. Yelp Inc has a one year low of $36.42 and a one year high of $52.50.
Yelp (NYSE:YELP) last announced its earnings results on Wednesday, August 8th. The local business review company reported $0.12 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.14. The firm had revenue of $234.90 million for the quarter, compared to the consensus estimate of $232.26 million. Yelp had a return on equity of 0.74% and a net margin of 17.64%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.25 EPS. Equities research analysts predict that Yelp Inc will post 0.3 earnings per share for the current year.
A number of research firms recently commented on YELP. Zacks Investment Research raised Yelp from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Thursday, September 27th. Barclays raised their price objective on Yelp from $47.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, August 9th. JPMorgan Chase & Co. raised their target price on Yelp to $57.00 and gave the company an “overweight” rating in a report on Thursday, August 9th. KeyCorp reiterated a “hold” rating on shares of Yelp in a report on Thursday, August 9th. Finally, Jefferies Financial Group raised their target price on Yelp from $53.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, August 9th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company’s stock. Yelp currently has an average rating of “Hold” and a consensus target price of $49.24.
A number of institutional investors have recently made changes to their positions in YELP. California Public Employees Retirement System raised its stake in Yelp by 36.0% during the 1st quarter. California Public Employees Retirement System now owns 162,832 shares of the local business review company’s stock valued at $6,798,000 after acquiring an additional 43,132 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Yelp by 12.7% during the 1st quarter. Russell Investments Group Ltd. now owns 64,738 shares of the local business review company’s stock valued at $2,704,000 after acquiring an additional 7,278 shares in the last quarter. A.R.T. Advisors LLC raised its stake in Yelp by 27.7% during the 1st quarter. A.R.T. Advisors LLC now owns 43,802 shares of the local business review company’s stock valued at $1,828,000 after acquiring an additional 9,500 shares in the last quarter. Natixis bought a new stake in Yelp during the 1st quarter valued at $1,952,000. Finally, Sciencast Management LP bought a new stake in Yelp during the 1st quarter valued at $230,000. 92.07% of the stock is currently owned by hedge funds and other institutional investors.
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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