Yelp Inc (YELP) Director Sells $69,520.00 in Stock
Yelp Inc (NYSE:YELP) Director Geoffrey L. Donaker sold 2,000 shares of Yelp stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $34.76, for a total transaction of $69,520.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
YELP opened at $34.59 on Friday. Yelp Inc has a fifty-two week low of $29.33 and a fifty-two week high of $52.50. The firm has a market cap of $2.86 billion, a P/E ratio of 202.41, a PEG ratio of 3.71 and a beta of 1.30.
Yelp (NYSE:YELP) last released its earnings results on Thursday, November 8th. The local business review company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.09. Yelp had a net margin of 18.04% and a return on equity of 1.34%. The company had revenue of $241.10 million for the quarter, compared to analysts’ expectations of $245.55 million. During the same quarter in the previous year, the company earned $0.29 EPS. Yelp’s revenue for the quarter was up 8.0% on a year-over-year basis. As a group, research analysts expect that Yelp Inc will post 0.37 earnings per share for the current year.
Several brokerages have recently weighed in on YELP. Zacks Investment Research cut shares of Yelp from a “buy” rating to a “hold” rating in a research note on Tuesday, August 28th. Wedbush reiterated an “outperform” rating and set a $60.00 price target on shares of Yelp in a research note on Thursday, September 13th. Raymond James cut shares of Yelp from an “outperform” rating to a “market perform” rating in a research note on Friday, November 9th. Citigroup dropped their price target on shares of Yelp to $42.00 and set a “buy” rating on the stock in a research note on Monday, November 12th. Finally, Wells Fargo & Co set a $34.00 price target on shares of Yelp and gave the stock a “buy” rating in a research note on Friday, November 9th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $42.10.
Yelp Company Profile
Yelp Inc operates a platform that connects people with local businesses in the United States, Canada, and internationally. The company's platform covers various local business categories, including restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others.
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