Yelp (NASDAQ:YELP) CEO Jeremy Stoppelman unloaded 14,705 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $63.36, for a total transaction of $931,708.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at B. Riley initiated coverage on shares of Yelp in a research note to investors on Wednesday. They set a “neutral” rating and a $62.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Janney Montgomery Scott initiated coverage on shares of Yelp in a research note to investors on Friday, November 15th. They set a “neutral” rating on the stock. Finally, analysts at Stifel Nicolaus initiated coverage on shares of Yelp in a research note to investors on Thursday, November 14th. They set a “buy” rating and a $85.00 price target on the stock. Fifteen equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Yelp has an average rating of “Hold” and an average price target of $65.41.
Yelp (NASDAQ:YELP) traded up 1.95% during mid-day trading on Thursday, hitting $64.33. The stock had a trading volume of 1,434,285 shares. Yelp has a 52-week low of $17.90 and a 52-week high of $75.37. The stock’s 50-day moving average is $64.90 and its 200-day moving average is $53.07. The company’s market cap is $4.252 billion.
Yelp (NASDAQ:YELP) last released its earnings data on Tuesday, October 29th. The company reported ($0.04) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.01) by $0.03. The company had revenue of $61.20 million for the quarter, compared to the consensus estimate of $59.40 million. During the same quarter in the previous year, the company posted ($0.03) earnings per share. The company’s revenue for the quarter was up 68.1% on a year-over-year basis. On average, analysts predict that Yelp will post $-0.14 earnings per share for the current fiscal year.
Yelp Inc connects people with great local businesses. Its users have contributed a total of approximately 36.
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