Yelp (NASDAQ:YELP) CEO Jeremy Stoppelman sold 14,706 shares of Yelp stock in a transaction that occured on Monday, July 29th. The shares were sold at an average price of $40.84, for a total transaction of $600,593.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at MKM Partners reiterated a “buy” rating on shares of Yelp in a research note to investors on Monday. They now have a $55.00 price target on the stock. Separately, analysts at JPMorgan Cazenove raised their price target on shares of Yelp from $23.00 to $27.00 in a research note to investors on Friday, July 19th. They now have a “neutral” rating on the stock. Finally, analysts at Northland Securities raised their price target on shares of Yelp from $27.00 to $35.00 in a research note to investors on Monday, July 15th.
Eighteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $29.13.
Shares of Yelp (NASDAQ:YELP) opened at 41.80 on Thursday. Yelp has a one year low of $16.32 and a one year high of $42.84. The stock’s 50-day moving average is currently $35.. The company’s market cap is $2.694 billion.
Yelp (NASDAQ:YELP) last released its earnings data on Wednesday, July 31st. The company reported ($0.01) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.04) by $0.03. The company had revenue of $55.02 million for the quarter, compared to the consensus estimate of $53.28 million. During the same quarter in the prior year, the company posted ($0.03) earnings per share. The company’s quarterly revenue was up 68.3% on a year-over-year basis. On average, analysts predict that Yelp will post $-0.15 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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