Insider Selling: Yelp Inc. (YELP) Director Sells $281,520.00 in Stock

Yelp Inc. (NYSE:YELP) Director Geoffrey L. Donaker sold 6,000 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $46.92, for a total transaction of $281,520.00. Following the sale, the director now owns 9,590 shares of the company’s stock, valued at $449,962.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Yelp Inc. (NYSE YELP) opened at $47.58 on Monday. Yelp Inc. has a 12 month low of $26.93 and a 12 month high of $48.17. The firm has a market cap of $3,940.00, a price-to-earnings ratio of 216.27, a price-to-earnings-growth ratio of 10.69 and a beta of 1.29.

Yelp (NYSE:YELP) last released its quarterly earnings data on Wednesday, November 1st. The local business review company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.30. Yelp had a net margin of 2.31% and a return on equity of 2.20%. The firm had revenue of $222.40 million for the quarter, compared to analyst estimates of $220.75 million. During the same period last year, the firm earned $0.22 earnings per share. The business’s quarterly revenue was up 19.4% compared to the same quarter last year. equities analysts predict that Yelp Inc. will post 0.17 EPS for the current fiscal year.

Yelp declared that its board has authorized a share repurchase plan on Thursday, August 3rd that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the local business review company to repurchase up to 7.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Yelp by 4.1% in the second quarter. Vanguard Group Inc. now owns 5,935,362 shares of the local business review company’s stock valued at $178,180,000 after buying an additional 231,754 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Yelp by 84.9% in the second quarter. BlackRock Inc. now owns 5,232,684 shares of the local business review company’s stock valued at $157,084,000 after buying an additional 2,403,240 shares in the last quarter. Prescott General Partners LLC lifted its stake in shares of Yelp by 21.3% in the second quarter. Prescott General Partners LLC now owns 3,851,774 shares of the local business review company’s stock valued at $115,630,000 after buying an additional 676,251 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its stake in shares of Yelp by 38.7% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 3,116,090 shares of the local business review company’s stock valued at $93,545,000 after buying an additional 868,890 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its stake in shares of Yelp by 17.7% in the third quarter. Fisher Asset Management LLC now owns 2,893,867 shares of the local business review company’s stock valued at $125,304,000 after buying an additional 434,574 shares in the last quarter. 85.66% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on the stock. Piper Jaffray Companies reiterated a “hold” rating and set a $37.00 price objective on shares of Yelp in a research report on Friday, August 4th. Roth Capital upgraded shares of Yelp from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $21.00 to $35.00 in a research report on Friday, August 4th. KeyCorp reiterated a “buy” rating and set a $54.00 price objective on shares of Yelp in a research report on Tuesday, October 17th. Cantor Fitzgerald reiterated a “hold” rating and set a $44.00 price objective on shares of Yelp in a research report on Wednesday, November 1st. Finally, B. Riley reiterated a “hold” rating and set a $39.00 price objective on shares of Yelp in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and twenty have issued a buy rating to the stock. Yelp has an average rating of “Hold” and an average target price of $43.31.

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About Yelp

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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