Yelp Inc. (NYSE:YELP – Get Free Report) COO Joseph R. Nachman sold 7,000 shares of Yelp stock in a transaction on Friday, October 4th. The stock was sold at an average price of $34.02, for a total transaction of $238,140.00. Following the transaction, the chief operating officer now owns 255,558 shares in the company, valued at $8,694,083.16. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Yelp Stock Performance
Shares of NYSE YELP opened at $34.28 on Wednesday. The company has a market cap of $2.31 billion, a P/E ratio of 21.83, a P/E/G ratio of 0.81 and a beta of 1.33. The firm’s fifty day moving average is $34.19 and its two-hundred day moving average is $36.57. Yelp Inc. has a 52-week low of $32.56 and a 52-week high of $48.99.
Yelp (NYSE:YELP – Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The local business review company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.27. The company had revenue of $357.00 million for the quarter, compared to the consensus estimate of $352.98 million. Yelp had a net margin of 10.01% and a return on equity of 18.71%. Yelp’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 EPS. As a group, analysts forecast that Yelp Inc. will post 1.65 EPS for the current fiscal year.
Institutional Trading of Yelp
Wall Street Analyst Weigh In
YELP has been the topic of a number of analyst reports. Bank of America initiated coverage on shares of Yelp in a research note on Monday, September 16th. They set an “underperform” rating and a $30.00 target price on the stock. StockNews.com cut shares of Yelp from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 12th. JPMorgan Chase & Co. lowered their target price on shares of Yelp from $38.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Morgan Stanley lifted their target price on shares of Yelp from $32.00 to $34.00 and gave the company an “underweight” rating in a research note on Tuesday, July 23rd. Finally, Wolfe Research initiated coverage on shares of Yelp in a research note on Tuesday, July 16th. They set a “peer perform” rating on the stock. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Yelp presently has an average rating of “Hold” and a consensus target price of $37.20.
Read Our Latest Report on Yelp
About Yelp
Yelp Inc operates a platform that connects consumers with local businesses in the United States and internationally. The company's platform covers various categories, including restaurants, shopping, beauty and fitness, health, and other categories, as well as home, local, auto, professional, pets, events, real estate, and financial services.
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