Yelp Inc. (NYSE:YELP – Get Free Report) COO Joseph R. Nachman sold 6,000 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $38.83, for a total value of $232,980.00. Following the transaction, the chief operating officer now directly owns 312,502 shares of the company’s stock, valued at $12,134,452.66. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Yelp Stock Up 2.3 %
NYSE:YELP opened at $39.12 on Thursday. Yelp Inc. has a twelve month low of $26.53 and a twelve month high of $48.99. The company has a fifty day moving average of $40.67 and a 200-day moving average of $42.87. The firm has a market capitalization of $2.67 billion, a P/E ratio of 28.98 and a beta of 1.49.
Yelp (NYSE:YELP – Get Free Report) last posted its quarterly earnings results on Thursday, February 15th. The local business review company reported $0.37 EPS for the quarter, hitting analysts’ consensus estimates of $0.37. Yelp had a net margin of 7.42% and a return on equity of 14.06%. The business had revenue of $342.38 million during the quarter, compared to analysts’ expectations of $341.83 million. During the same period last year, the company posted $0.28 earnings per share. The business’s quarterly revenue was up 10.8% on a year-over-year basis. On average, analysts anticipate that Yelp Inc. will post 1.4 EPS for the current fiscal year.
Institutional Trading of Yelp
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. Craig Hallum decreased their price target on Yelp from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Friday, December 8th. Raymond James started coverage on shares of Yelp in a research report on Wednesday. They set a “market perform” rating for the company. Finally, StockNews.com upgraded shares of Yelp from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 24th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $41.75.
Read Our Latest Stock 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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