Yelp Inc. (YELP) Director Geoffrey L. Donaker Sells 6,000 Shares
Yelp Inc. (NYSE:YELP) Director Geoffrey L. Donaker sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $45.49, for a total transaction of $272,940.00. Following the completion of the transaction, the director now owns 9,590 shares of the company’s stock, valued at $436,249.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of Yelp Inc. (NYSE YELP) traded up $0.49 during midday trading on Friday, hitting $46.82. 913,257 shares of the stock traded hands, compared to its average volume of 2,546,090. The stock has a market cap of $3,860.00, a PE ratio of 208.68, a price-to-earnings-growth ratio of 10.31 and a beta of 1.29. Yelp Inc. has a 52-week low of $26.93 and a 52-week high of $48.17.
Yelp (NYSE:YELP) last announced its earnings results on Wednesday, November 1st. The local business review company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.30. The firm had revenue of $222.40 million for the quarter, compared to analysts’ expectations of $220.75 million. Yelp had a net margin of 2.31% and a return on equity of 2.20%. The business’s revenue was up 19.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.22 EPS. equities research analysts predict that Yelp Inc. will post 0.17 earnings per share for the current fiscal year.
Yelp announced that its Board of Directors has initiated a stock repurchase plan on Thursday, August 3rd that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the local business review company to repurchase up to 7.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Amalgamated Bank raised its position in shares of Yelp by 0.9% during the 2nd quarter. Amalgamated Bank now owns 9,993 shares of the local business review company’s stock valued at $300,000 after buying an additional 88 shares in the last quarter. California State Teachers Retirement System raised its position in Yelp by 1.0% in the 2nd quarter. California State Teachers Retirement System now owns 137,621 shares of the local business review company’s stock worth $4,131,000 after purchasing an additional 1,427 shares during the period. Parallel Advisors LLC raised its position in Yelp by 3.5% in the 2nd quarter. Parallel Advisors LLC now owns 55,591 shares of the local business review company’s stock worth $1,808,000 after purchasing an additional 1,899 shares during the period. Menta Capital LLC raised its position in Yelp by 10.6% in the 2nd quarter. Menta Capital LLC now owns 19,900 shares of the local business review company’s stock worth $597,000 after purchasing an additional 1,900 shares during the period. Finally, BNP Paribas Arbitrage SA raised its position in Yelp by 2.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 100,798 shares of the local business review company’s stock worth $3,026,000 after purchasing an additional 1,986 shares during the period. Hedge funds and other institutional investors own 87.69% of the company’s stock.
A number of brokerages recently weighed in on YELP. KeyCorp set a $54.00 price objective on shares of Yelp and gave the stock a “buy” rating in a report on Thursday. Zacks Investment Research lowered shares of Yelp from a “buy” rating to a “hold” rating in a report on Thursday. Piper Jaffray Companies restated a “hold” rating and issued a $38.00 price objective on shares of Yelp in a report on Friday, November 3rd. Robert W. Baird boosted their price objective on shares of Yelp from $37.00 to $44.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. Finally, Credit Suisse Group boosted their price objective on shares of Yelp from $48.00 to $51.00 and gave the stock an “outperform” rating in a report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating and twenty have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $43.37.
Yelp Company Profile
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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