Jeremy Stoppelman Sells 13,000 Shares of Yelp Inc. (YELP) Stock

Yelp Inc. (NYSE:YELP) CEO Jeremy Stoppelman sold 13,000 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $43.15, for a total value of $560,950.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Jeremy Stoppelman also recently made the following trade(s):

  • On Tuesday, September 5th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $42.62, for a total value of $554,060.00.
  • On Wednesday, August 23rd, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $41.94, for a total value of $545,220.00.
  • On Tuesday, August 15th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $41.74, for a total value of $542,620.00.
  • On Thursday, August 10th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $41.05, for a total value of $533,650.00.
  • On Friday, August 4th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $40.00, for a total value of $520,000.00.

Yelp Inc. (YELP) opened at 43.85 on Wednesday. The stock has a market capitalization of $3.59 billion, a PE ratio of 277.53 and a beta of 1.41. The stock has a 50 day moving average price of $39.66 and a 200 day moving average price of $33.80. Yelp Inc. has a 12 month low of $26.93 and a 12 month high of $44.25.

Yelp (NYSE:YELP) last posted its quarterly earnings data on Thursday, August 3rd. The local business review company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.12. The firm had revenue of $209.90 million during the quarter, compared to analyst estimates of $204.89 million. Yelp had a return on equity of 1.60% and a net margin of 1.67%. Yelp’s revenue was up 21.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.16 EPS. On average, equities research analysts forecast that Yelp Inc. will post $0.07 earnings per share for the current fiscal year.

Yelp announced that its board has approved a stock repurchase program on Thursday, August 3rd that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the local business review company to repurchase up to 7.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

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Several equities research analysts recently commented on YELP shares. Bank of America Corporation raised Yelp from a “neutral” rating to a “buy” rating and raised their target price for the stock from $35.00 to $37.00 in a research note on Monday, June 5th. Cantor Fitzgerald set a $39.00 target price on Yelp and gave the stock a “buy” rating in a research note on Wednesday, May 24th. Jefferies Group LLC reaffirmed a “buy” rating and set a $37.00 target price on shares of Yelp in a research note on Friday, June 23rd. Needham & Company LLC reaffirmed a “buy” rating and set a $43.00 target price (up previously from $30.00) on shares of Yelp in a research note on Friday, August 4th. Finally, Credit Suisse Group set a $40.00 target price on Yelp and gave the stock a “buy” rating in a research note on Friday, August 4th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and twenty have assigned a buy rating to the company. Yelp has a consensus rating of “Buy” and an average target price of $38.60.

Several large investors have recently bought and sold shares of the company. Amalgamated Bank increased its stake in shares of Yelp by 0.9% in the 2nd quarter. Amalgamated Bank now owns 9,993 shares of the local business review company’s stock worth $300,000 after purchasing an additional 88 shares in the last quarter. Pier 88 Investment Partners LLC increased its stake in shares of Yelp by 1.7% in the 2nd quarter. Pier 88 Investment Partners LLC now owns 17,580 shares of the local business review company’s stock worth $528,000 after purchasing an additional 300 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of Yelp by 11.8% in the 1st quarter. Teacher Retirement System of Texas now owns 6,167 shares of the local business review company’s stock worth $202,000 after purchasing an additional 653 shares in the last quarter. United Capital Financial Advisers LLC increased its stake in shares of Yelp by 12.7% in the 1st quarter. United Capital Financial Advisers LLC now owns 11,447 shares of the local business review company’s stock worth $375,000 after purchasing an additional 1,292 shares in the last quarter. Finally, California State Teachers Retirement System increased its stake in shares of Yelp by 1.0% in the 2nd quarter. California State Teachers Retirement System now owns 137,621 shares of the local business review company’s stock worth $4,131,000 after purchasing an additional 1,427 shares in the last quarter. Hedge funds and other institutional investors own 90.90% of the company’s stock.

Yelp Company Profile

Yelp Inc (Yelp) connects people with local businesses by bringing ‘word of mouth’ online and providing a platform for businesses and consumers to engage and transact. The Company offers local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences with other consumers by posting reviews, tips, photos and videos, and to engage directly with businesses, through reviews, its Request-A-Quote and Message the Business features, and by completing transactions on the Yelp Platform.

Insider Buying and Selling by Quarter for Yelp (NYSE:YELP)

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