Joseph R. Nachman Sells 5,000 Shares of Yelp Inc. (YELP) Stock
Yelp Inc. (NYSE:YELP) COO Joseph R. Nachman sold 5,000 shares of the firm’s stock in a transaction dated Monday, October 10th. The stock was sold at an average price of $41.06, for a total transaction of $205,300.00. Following the transaction, the chief operating officer now owns 122,023 shares of the company’s stock, valued at approximately $5,010,264.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Joseph R. Nachman also recently made the following trade(s):
- On Tuesday, August 23rd, Joseph R. Nachman sold 2,508 shares of Yelp stock. The stock was sold at an average price of $37.45, for a total transaction of $93,924.60.
Shares of Yelp Inc. (NYSE:YELP) traded down 1.65% on Wednesday, hitting $38.82. 1,488,653 shares of the company’s stock were exchanged. Yelp Inc. has a 12 month low of $14.53 and a 12 month high of $43.36. The stock’s 50 day moving average is $39.19 and its 200 day moving average is $30.05. The firm’s market cap is $3.00 billion.
Yelp (NYSE:YELP) last posted its quarterly earnings results on Tuesday, August 9th. The local business review company reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.08. Yelp had a negative net margin of 7.20% and a negative return on equity of 6.14%. The company earned $173.40 million during the quarter, compared to analyst estimates of $169.82 million. During the same period in the prior year, the business posted $0.12 EPS. The firm’s revenue was up 29.5% compared to the same quarter last year. On average, equities analysts predict that Yelp Inc. will post ($0.19) earnings per share for the current year.
Large investors have recently bought and sold shares of the stock. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Yelp during the first quarter worth approximately $539,000. TIAA CREF Investment Management LLC raised its stake in Yelp by 1.7% in the first quarter. TIAA CREF Investment Management LLC now owns 195,107 shares of the local business review company’s stock worth $3,879,000 after buying an additional 3,310 shares in the last quarter. BlackRock Inc. raised its stake in Yelp by 10.0% in the first quarter. BlackRock Inc. now owns 78,658 shares of the local business review company’s stock worth $1,564,000 after buying an additional 7,175 shares in the last quarter. BlackRock Group LTD raised its stake in Yelp by 0.4% in the first quarter. BlackRock Group LTD now owns 179,547 shares of the local business review company’s stock worth $3,569,000 after buying an additional 654 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in Yelp during the first quarter worth approximately $475,000. Institutional investors own 74.90% of the company’s stock.
Several analysts have recently weighed in on YELP shares. Zacks Investment Research lowered shares of Yelp from a “buy” rating to a “hold” rating in a report on Wednesday. Vetr raised shares of Yelp from a “hold” rating to a “buy” rating and set a $43.08 price objective for the company in a report on Monday. Cantor Fitzgerald reaffirmed a “buy” rating and set a $42.00 price objective on shares of Yelp in a report on Tuesday, September 27th. Maxim Group raised their price objective on shares of Yelp from $42.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, September 26th. Finally, Mizuho raised their price objective on shares of Yelp from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, September 14th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $36.03.
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 provides local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences, through reviews, tips, photos and videos, and engages directly with businesses, through reviews, phone calls and its Message the Business feature.
Receive News & Ratings for Yelp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yelp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.