Insider Selling: Yelp Inc. (YELP) CEO Sells 13,000 Shares of Stock

Yelp Inc. (NYSE:YELP) CEO Jeremy Stoppelman sold 13,000 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $41.05, for a total value of $533,650.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Jeremy Stoppelman also recently made the following trade(s):

  • On Friday, August 4th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $40.00, for a total value of $520,000.00.

Shares of Yelp Inc. (NYSE YELP) opened at 42.53 on Tuesday. The company’s 50 day moving average price is $33.41 and its 200-day moving average price is $33.28. The firm has a market capitalization of $3.48 billion, a PE ratio of 269.18 and a beta of 1.48. Yelp Inc. has a 52 week low of $26.93 and a 52 week high of $43.41.

Yelp (NYSE:YELP) last released its quarterly earnings data on Thursday, August 3rd. The local business review company reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.12. The company had revenue of $209.90 million for the quarter, compared to analysts’ expectations of $204.89 million. Yelp had a net margin of 1.67% and a return on equity of 1.60%. The business’s revenue was up 21.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.16 EPS. On average, equities research analysts expect that Yelp Inc. will post $0.07 EPS for the current fiscal year.

Yelp declared that its board has initiated a share buyback program on Thursday, August 3rd that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the local business review company to reacquire up to 7.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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A number of brokerages have commented on YELP. B. Riley reiterated a “neutral” rating and issued a $25.00 price objective on shares of Yelp in a research report on Wednesday, May 10th. Royal Bank Of Canada reduced their price objective on Yelp from $46.00 to $29.00 and set a “market perform” rating for the company in a research report on Thursday, May 11th. Barclays PLC reiterated an “equal weight” rating and issued a $36.00 price objective (up previously from $28.00) on shares of Yelp in a research report on Friday, August 4th. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $22.00 price objective (down previously from $35.00) on shares of Yelp in a research report on Friday, May 12th. Finally, Zacks Investment Research upgraded Yelp from a “sell” rating to a “hold” rating in a research report on Wednesday, May 17th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eighteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $37.95.

Institutional investors have recently added to or reduced their stakes in the company. Strs Ohio bought a new position in Yelp during the second quarter worth about $108,000. FNY Partners Fund LP boosted its position in Yelp by 18,650.0% in the first quarter. FNY Partners Fund LP now owns 3,750 shares of the local business review company’s stock worth $122,000 after buying an additional 3,730 shares during the period. Neuburgh Advisers LLC bought a new position in Yelp during the first quarter worth about $133,000. Russell Investments Group Ltd. boosted its position in Yelp by 98.8% in the second quarter. Russell Investments Group Ltd. now owns 4,091 shares of the local business review company’s stock worth $123,000 after buying an additional 2,033 shares during the period. Finally, Independent Portfolio Consultants Inc. bought a new position in Yelp during the first quarter worth about $159,000. 95.37% of the stock is currently owned by institutional investors.

Yelp Company Profile

Yelp Inc (Yelp) connects people with local businesses by bringing ‘word of mouth’ online and providing a platform for businesses and consumers to engage and transact. The Company offers local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences with other consumers by posting reviews, tips, photos and videos, and to engage directly with businesses, through reviews, its Request-A-Quote and Message the Business features, and by completing transactions on the Yelp Platform.

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

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