Yelp Inc. (NYSE:YELP) CTO Sam Eaton sold 4,085 shares of the business’s stock in a transaction that occurred on Thursday, September 16th. The shares were sold at an average price of $36.14, for a total transaction of $147,631.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
NYSE:YELP traded down $0.21 on Monday, reaching $36.52. 1,644,119 shares of the company’s stock were exchanged, compared to its average volume of 822,163. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of 158.78 and a beta of 1.87. Yelp Inc. has a 52 week low of $18.67 and a 52 week high of $43.86. The stock has a fifty day simple moving average of $37.62 and a 200-day simple moving average of $39.03.
Yelp (NYSE:YELP) last issued its earnings results on Thursday, August 5th. The local business review company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.13. The firm had revenue of $257.19 million during the quarter, compared to analyst estimates of $246.37 million. Yelp had a net margin of 1.96% and a return on equity of 2.24%. On average, equities analysts predict that Yelp Inc. will post 0.08 EPS for the current fiscal year.
A number of equities research analysts have weighed in on YELP shares. Zacks Investment Research lowered shares of Yelp from a “buy” rating to a “hold” rating and set a $41.00 target price on the stock. in a report on Thursday, August 12th. Barclays boosted their target price on shares of Yelp from $30.00 to $31.00 and gave the company an “underweight” rating in a research report on Friday, August 6th. Credit Suisse Group boosted their target price on shares of Yelp from $43.00 to $53.00 and gave the company an “outperform” rating in a research report on Friday, August 6th. Finally, Morgan Stanley restated a “sell” rating and set a $33.00 price objective on shares of Yelp in a report on Wednesday, July 14th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $36.56.
Yelp, Inc operates a platform that connects consumers with local businesses in the United States and internationally. The company’s platform covers various local business 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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