Yelp Inc. (NYSE:YELP – Get Free Report) COO Joseph R. Nachman sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $33.25, for a total transaction of $232,750.00. Following the transaction, the chief operating officer now directly owns 281,842 shares of the company’s stock, valued at approximately $9,371,246.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Yelp Trading Down 0.8 %
Shares of YELP stock traded down $0.26 during trading hours on Wednesday, reaching $33.34. 901,626 shares of the stock were exchanged, compared to its average volume of 728,813. Yelp Inc. has a 12-month low of $32.92 and a 12-month high of $48.99. The company’s 50-day moving average price is $36.31 and its 200-day moving average price is $38.64. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 21.40 and a beta of 1.33.
Yelp (NYSE:YELP – Get Free Report) last posted its quarterly earnings results on Thursday, May 9th. The local business review company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.16. Yelp had a net margin of 8.44% and a return on equity of 15.69%. The firm had revenue of $332.75 million for the quarter, compared to analysts’ expectations of $333.66 million. On average, sell-side analysts expect that Yelp Inc. will post 1.49 EPS for the current year.
Institutional Trading of Yelp
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the company. Wolfe Research started coverage on Yelp in a report on Tuesday, July 16th. They set a “peer perform” rating on the stock. Robert W. Baird reduced their price objective on Yelp from $44.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, May 10th. Morgan Stanley upped their price objective on Yelp from $32.00 to $34.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 23rd. Finally, Craig Hallum cut their price target on Yelp from $55.00 to $48.00 and set a “buy” rating for the company in a report on Friday, May 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $41.33.
Check Out Our Latest Analysis on YELP
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 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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