Yelp Inc (YELP) Director Geoffrey L. Donaker Sells 4,000 Shares

Yelp Inc (NYSE:YELP) Director Geoffrey L. Donaker sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, October 30th. The stock was sold at an average price of $40.69, for a total transaction of $162,760.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of NYSE YELP traded down $0.27 during mid-day trading on Friday, reaching $43.42. The company had a trading volume of 8,262 shares, compared to its average volume of 1,480,031. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 625.14, a price-to-earnings-growth ratio of 6.98 and a beta of 1.21. Yelp Inc has a 12-month low of $36.42 and a 12-month high of $52.50.

Yelp (NYSE:YELP) last posted its quarterly earnings results on Wednesday, August 8th. The local business review company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.14. The business had revenue of $234.90 million during the quarter, compared to analyst estimates of $232.26 million. Yelp had a net margin of 17.64% and a return on equity of 0.74%. The firm’s revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.25 earnings per share. As a group, equities research analysts predict that Yelp Inc will post 0.3 EPS for the current fiscal year.

YELP has been the subject of several recent analyst reports. Stifel Nicolaus raised their target price on shares of Yelp from $40.00 to $42.00 and gave the stock a “hold” rating in a report on Thursday, August 9th. Zacks Investment Research cut shares of Yelp from a “buy” rating to a “hold” rating in a report on Friday, September 28th. KeyCorp reiterated a “hold” rating on shares of Yelp in a report on Thursday, August 9th. JPMorgan Chase & Co. raised their target price on shares of Yelp to $57.00 and gave the stock an “overweight” rating in a report on Thursday, August 9th. Finally, Barclays raised their target price on shares of Yelp from $47.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, August 9th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $49.95.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC purchased a new stake in shares of Yelp in the third quarter worth approximately $194,000. Janus Henderson Group PLC purchased a new stake in shares of Yelp in the second quarter worth approximately $206,000. Gideon Capital Advisors Inc. purchased a new stake in shares of Yelp in the second quarter worth approximately $245,000. AMP Capital Investors Ltd purchased a new stake in shares of Yelp in the second quarter worth approximately $305,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Yelp in the second quarter worth approximately $367,000. 86.20% of the stock is owned by institutional investors and hedge funds.

About Yelp

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.

Further Reading: Insider Trading

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