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 on Tuesday, November 28th. The stock was sold at an average price of $47.39, for a total transaction of $284,340.00. Following the transaction, the director now owns 9,590 shares of the company’s stock, valued at approximately $454,470.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Yelp Inc (YELP) traded down $0.65 during trading hours on Thursday, hitting $44.55. 1,505,809 shares of the stock were exchanged, compared to its average volume of 2,495,473. Yelp Inc has a 1-year low of $26.93 and a 1-year high of $48.40. The stock has a market capitalization of $3,932.25, a PE ratio of 215.64, a price-to-earnings-growth ratio of 10.66 and a beta of 1.29.
Yelp (NYSE:YELP) last announced its earnings results on Wednesday, November 1st. The local business review company reported $0.29 EPS 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 business had revenue of $222.40 million during the quarter, compared to analysts’ expectations of $220.75 million. During the same period in the prior year, the company earned $0.22 earnings per share. The business’s revenue was up 19.4% compared to the same quarter last year. analysts anticipate that Yelp Inc will post 0.17 earnings per share for the current year.
Yelp announced that its Board of Directors has approved a share repurchase plan on Thursday, August 3rd that allows the company to repurchase $200.00 million in 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 board believes its shares are undervalued.
A number of equities analysts recently commented on the stock. Zacks Investment Research downgraded shares of Yelp from a “buy” rating to a “hold” rating in a research note on Thursday, November 23rd. KeyCorp set a $54.00 target price on shares of Yelp and gave the stock a “buy” rating in a research note on Thursday, November 16th. Piper Jaffray Companies reiterated a “hold” rating and set a $38.00 target price on shares of Yelp in a research note on Friday, November 3rd. Robert W. Baird boosted their target price on shares of Yelp from $37.00 to $44.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. Finally, Credit Suisse Group boosted their target price on shares of Yelp from $48.00 to $51.00 and gave the stock an “outperform” rating in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and twenty have assigned a buy rating to the company. Yelp currently has an average rating of “Hold” and a consensus price target of $43.31.
Large investors have recently made changes to their positions in the company. Strs Ohio purchased a new stake in shares of Yelp in the second quarter valued at about $108,000. Oppenheimer Asset Management Inc. raised its holdings in shares of Yelp by 28,585.7% in the third quarter. Oppenheimer Asset Management Inc. now owns 4,016 shares of the local business review company’s stock valued at $174,000 after buying an additional 4,002 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Yelp by 98.8% in the second quarter. Russell Investments Group Ltd. now owns 4,091 shares of the local business review company’s stock valued at $123,000 after buying an additional 2,033 shares during the last quarter. Commerzbank Aktiengesellschaft FI purchased a new position in Yelp during the third quarter worth about $204,000. Finally, Turner Investments LLC purchased a new position in Yelp during the third quarter worth about $217,000. 85.75% of the stock is owned by institutional investors and hedge funds.
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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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