Yelp CEO Jeremy Stoppelman Sells 13,514 Shares (YELP)

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Yelp (NASDAQ:YELP) CEO Jeremy Stoppelman unloaded 13,514 shares of the stock on the open market in a transaction dated Thursday, May 1st. The shares were sold at an average price of $63.13, for a total transaction of $853,138.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of Yelp (NASDAQ:YELP) traded up 0.72% on Monday, hitting $60.19. 8,921,017 shares of the company’s stock traded hands. Yelp has a 52-week low of $26.75 and a 52-week high of $101.75. The stock’s 50-day moving average is $70.23 and its 200-day moving average is $73.92. The company’s market cap is $4.284 billion.

Yelp (NASDAQ:YELP) last issued its quarterly earnings data on Wednesday, April 30th. The company reported ($0.04) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.06) by $0.02. The company had revenue of $76.40 million for the quarter, compared to the consensus estimate of $75.06 million. On average, analysts predict that Yelp will post $-0.03 earnings per share for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at Raymond James reiterated an “outperform” rating on shares of Yelp in a research note on Thursday. They now have a $80.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Yelp in a research note on Thursday. They now have a $74.00 price target on the stock. Finally, analysts at Credit Suisse upgraded shares of Yelp to an “outperform” rating in a research note on Thursday. They now have a $90.00 price target on the stock, up previously from $87.00. Six research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $90.27.

Yelp Inc connects people with great local businesses. Its users have contributed a total of approximately 36.

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