Geoffrey L. Donaker Sells 6,000 Shares of Yelp Inc. (YELP) Stock
Yelp Inc. (NYSE:YELP) Director Geoffrey L. Donaker sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, October 11th. The shares were sold at an average price of $40.64, for a total value of $243,840.00. Following the completion of the sale, the director now directly owns 6,000 shares in the company, valued at $243,840. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Yelp Inc. (NYSE:YELP) opened at 37.51 on Friday. Yelp Inc. has a 12 month low of $14.53 and a 12 month high of $43.36. The firm’s 50 day moving average is $39.21 and its 200-day moving average is $30.10. The firm’s market cap is $2.90 billion.
Yelp (NYSE:YELP) last released its quarterly earnings results on Tuesday, August 9th. The local business review company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates 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 had revenue of $173.40 million for the quarter, compared to analyst estimates of $169.82 million. During the same period last year, the firm earned $0.12 earnings per share. The firm’s revenue was up 29.5% on a year-over-year basis. On average, equities analysts forecast that Yelp Inc. will post ($0.19) EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG raised its position in Yelp by 107.1% in the first quarter. UBS Group AG now owns 31,436 shares of the local business review company’s stock worth $625,000 after buying an additional 474,072 shares during the last quarter. Fisher Asset Management LLC raised its position in Yelp by 2.8% in the second quarter. Fisher Asset Management LLC now owns 391,351 shares of the local business review company’s stock worth $11,670,000 after buying an additional 10,486 shares during the last quarter. Geduld E E purchased a new position in Yelp during the second quarter worth $304,000. OMERS ADMINISTRATION Corp purchased a new position in Yelp during the first quarter worth $364,000. Finally, Canada Pension Plan Investment Board purchased a new position in Yelp during the first quarter worth $475,000. 74.90% of the stock is currently owned by institutional investors.
YELP has been the subject of a number of analyst reports. Vetr cut shares of Yelp from a “strong-buy” rating to a “buy” rating and set a $33.32 price target for the company. in a research note on Monday, July 4th. MKM Partners upgraded shares of Yelp from a “neutral” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Thursday, June 30th. Jefferies Group reiterated a “buy” rating and issued a $28.00 target price on shares of Yelp in a research note on Monday, June 27th. Needham & Company LLC reiterated a “buy” rating and issued a $34.00 target price (up previously from $28.00) on shares of Yelp in a research note on Thursday, June 23rd. Finally, Deutsche Bank AG upgraded shares of Yelp from a “hold” rating to a “buy” rating and lifted their target price for the company from $26.00 to $33.00 in a research note on Monday, June 20th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average 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.
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