Yelp Inc (YELP) Director Geoffrey L. Donaker Sells 6,000 Shares

Yelp Inc (NYSE:YELP) Director Geoffrey L. Donaker sold 6,000 shares of the stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $43.72, for a total transaction of $262,320.00. Following the transaction, the director now owns 9,590 shares of the company’s stock, valued at $419,274.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Yelp Inc (NYSE:YELP) traded down $0.28 during trading on Thursday, reaching $43.04. 566,649 shares of the company’s stock traded hands, compared to its average volume of 2,424,123. The company has a market cap of $3,609.82, a PE ratio of 197.96, a P/E/G ratio of 9.38 and a beta of 1.22. Yelp Inc has a 52-week low of $26.93 and a 52-week high of $48.40.

Yelp (NYSE:YELP) last released its quarterly earnings results on Wednesday, November 1st. The local business review company reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.30. The firm had revenue of $222.40 million for the quarter, compared to analysts’ expectations of $220.75 million. Yelp had a net margin of 2.31% and a return on equity of 2.20%. The business’s revenue was up 19.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.22 EPS. research analysts predict that Yelp Inc will post 0.17 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in YELP. Strs Ohio bought a new position in Yelp in the 2nd quarter valued at about $108,000. Russell Investments Group Ltd. raised its holdings in Yelp by 98.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,091 shares of the local business review company’s stock valued at $123,000 after acquiring an additional 2,033 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in Yelp by 28,585.7% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 4,016 shares of the local business review company’s stock valued at $174,000 after acquiring an additional 4,002 shares during the period. Commerzbank Aktiengesellschaft FI bought a new position in Yelp in the 3rd quarter valued at about $204,000. Finally, Ameritas Investment Partners Inc. bought a new position in Yelp in the 2nd quarter valued at about $205,000. 85.69% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on the stock. J P Morgan Chase & Co increased their price objective on shares of Yelp from $52.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday. Citigroup increased their price objective on shares of Yelp from $42.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, October 2nd. Robert W. Baird increased their price objective on shares of Yelp from $37.00 to $44.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. KeyCorp restated a “buy” rating and set a $54.00 price objective on shares of Yelp in a research note on Wednesday, October 4th. Finally, Jefferies Group increased their price objective on shares of Yelp from $43.00 to $49.00 and gave the stock a “buy” rating in a research note on Friday, August 25th. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty have given a buy rating to the company’s stock. Yelp currently has a consensus rating of “Hold” and a consensus price target of $43.49.

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About Yelp

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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