Geoffrey L. Donaker Sells 4,000 Shares of Yelp Inc (YELP) Stock

Yelp Inc (NYSE:YELP) Director Geoffrey L. Donaker sold 4,000 shares of Yelp stock in a transaction that occurred on Tuesday, October 16th. The shares were sold at an average price of $43.02, for a total value of $172,080.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of YELP stock opened at $42.49 on Friday. The firm has a market cap of $3.68 billion, a P/E ratio of 601.43, a PEG ratio of 7.36 and a beta of 1.21. Yelp Inc has a 1 year low of $36.42 and a 1 year high of $52.50.

Yelp (NYSE:YELP) last issued its quarterly earnings data on Wednesday, August 8th. The local business review company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.14. The firm had revenue of $234.90 million during the quarter, compared to analysts’ expectations of $232.26 million. Yelp had a return on equity of 0.74% and a net margin of 17.64%. Yelp’s revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 earnings per share. Analysts predict that Yelp Inc will post 0.3 EPS for the current year.

A number of hedge funds have recently modified their holdings of the stock. Janus Henderson Group PLC acquired a new position in shares of Yelp in the second quarter worth $206,000. Sciencast Management LP acquired a new position in shares of Yelp in the first quarter worth $230,000. Gideon Capital Advisors Inc. acquired a new position in shares of Yelp in the second quarter worth $245,000. AMP Capital Investors Ltd acquired a new position in shares of Yelp in the second quarter worth $305,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Yelp in the second quarter worth $367,000. 92.07% of the stock is owned by hedge funds and other institutional investors.

A number of analysts recently weighed in on YELP shares. ValuEngine downgraded Yelp from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. SunTrust Banks set a $50.00 price target on Yelp and gave the company a “buy” rating in a research note on Wednesday, August 8th. Stifel Nicolaus lifted their price target on Yelp from $40.00 to $42.00 and gave the company a “hold” rating in a research note on Thursday, August 9th. Jefferies Financial Group lifted their price target on Yelp from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, August 9th. Finally, Robert W. Baird lifted their price target on Yelp from $44.00 to $45.00 and gave the company a “neutral” rating in a research note on Thursday, August 9th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $49.24.

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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Insider Buying and Selling by Quarter for Yelp (NYSE:YELP)

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