Yelp Inc (NYSE:YELP) Director Geoffrey L. Donaker sold 6,000 shares of Yelp stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $46.38, for a total value of $278,280.00. Following the completion of the transaction, the director now owns 10,055 shares in the company, valued at approximately $466,350.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Yelp Inc (YELP) opened at $45.92 on Friday. The firm has a market capitalization of $3,833.13, a P/E ratio of 1,530.67, a price-to-earnings-growth ratio of 7.07 and a beta of 1.11. Yelp Inc has a 12-month low of $26.93 and a 12-month high of $48.40.
Yelp (NYSE:YELP) last posted its quarterly earnings data on Wednesday, February 7th. The local business review company reported ($0.09) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.25) by $0.16. The business had revenue of $218.25 million for the quarter, compared to analysts’ expectations of $215.12 million. Yelp had a return on equity of 0.23% and a net margin of 18.05%. equities analysts predict that Yelp Inc will post 0.25 EPS for the current year.
Institutional investors have recently bought and sold shares of the business. Crestline Management LP bought a new stake in Yelp during the 3rd quarter valued at approximately $1,209,000. Convergence Investment Partners LLC bought a new stake in shares of Yelp in the 4th quarter worth approximately $1,624,000. Fine Capital Partners L.P. boosted its position in shares of Yelp by 24.7% in the 3rd quarter. Fine Capital Partners L.P. now owns 1,365,462 shares of the local business review company’s stock worth $59,125,000 after purchasing an additional 270,500 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Yelp by 6.0% in the 3rd quarter. Rhumbline Advisers now owns 92,970 shares of the local business review company’s stock worth $4,026,000 after purchasing an additional 5,254 shares in the last quarter. Finally, Swiss National Bank boosted its position in shares of Yelp by 3.4% in the 4th quarter. Swiss National Bank now owns 132,364 shares of the local business review company’s stock worth $5,554,000 after purchasing an additional 4,300 shares in the last quarter. 89.32% of the stock is currently owned by institutional investors and hedge funds.
YELP has been the topic of several analyst reports. Zacks Investment Research downgraded Yelp from a “buy” rating to a “hold” rating in a report on Thursday, November 23rd. Piper Jaffray Companies reiterated an “underweight” rating and issued a $37.00 price objective (down previously from $38.00) on shares of Yelp in a report on Thursday, December 7th. Bank of America lifted their price objective on Yelp from $52.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Evercore ISI initiated coverage on Yelp in a report on Tuesday, December 5th. They issued an “in-line” rating and a $46.00 price objective on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on Yelp from $52.00 to $55.00 and gave the stock an “overweight” rating in a report on Monday, December 18th. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating and sixteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $43.56.
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.
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