Yelp Inc. (NYSE:YELP) CTO Sam Eaton sold 4,085 shares of the business’s stock in a transaction that occurred on Thursday, September 16th. The shares were sold at an average price of $36.14, for a total value of $147,631.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of YELP stock opened at $36.52 on Tuesday. The firm has a fifty day moving average price of $37.56 and a 200 day moving average price of $39.03. The company has a market cap of $2.69 billion, a P/E ratio of 158.78 and a beta of 1.87. Yelp Inc. has a 12 month low of $18.67 and a 12 month high of $43.86.
Yelp (NYSE:YELP) last issued its earnings results on Thursday, August 5th. The local business review company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.13. The firm had revenue of $257.19 million during the quarter, compared to the consensus estimate of $246.37 million. Yelp had a net margin of 1.96% and a return on equity of 2.24%. As a group, equities analysts expect that Yelp Inc. will post 0.08 earnings per share for the current fiscal year.
A number of analysts have issued reports on the company. Zacks Investment Research lowered Yelp from a “buy” rating to a “hold” rating and set a $41.00 target price on the stock. in a research report on Thursday, August 12th. Morgan Stanley reissued a “sell” rating and issued a $33.00 target price on shares of Yelp in a research report on Wednesday, July 14th. Credit Suisse Group boosted their target price on Yelp from $43.00 to $53.00 and gave the company an “outperform” rating in a research report on Friday, August 6th. Finally, Barclays boosted their price target on shares of Yelp from $30.00 to $31.00 and gave the stock an “underweight” rating in a research note on Friday, August 6th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $36.56.
Yelp Company Profile
Yelp, Inc operates a platform that connects consumers with local businesses in the United States and internationally. The company’s platform covers various local business categories, including restaurants, shopping, beauty and fitness, health, and other categories, as well as home, local, auto, professional, pets, events, real estate, and financial services.
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