Yelp Inc (NYSE:YELP) Director Geoffrey L. Donaker sold 6,000 shares of Yelp stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $43.75, for a total value of $262,500.00. Following the sale, the director now owns 9,590 shares of the company’s stock, valued at approximately $419,562.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Yelp Inc (NYSE:YELP) opened at $45.39 on Friday. The company has a market capitalization of $3,760.00, a P/E ratio of 197.35, a price-to-earnings-growth ratio of 4.11 and a beta of 1.22. Yelp Inc has a 12 month low of $26.93 and a 12 month high of $48.40.
Yelp (NYSE:YELP) last announced its quarterly earnings results on Wednesday, November 1st. The local business review company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.30. The business had revenue of $222.40 million for the quarter, compared to analysts’ expectations of $220.75 million. Yelp had a return on equity of 2.20% and a net margin of 2.31%. The business’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.22 EPS. analysts predict that Yelp Inc will post 0.17 EPS for the current year.
A number of analysts recently weighed in on YELP shares. Bank of America boosted their target price on Yelp from $43.00 to $52.00 and gave the stock a “buy” rating in a research report on Tuesday, October 10th. KeyCorp restated a “buy” rating and issued a $54.00 target price on shares of Yelp in a research report on Tuesday, October 17th. Citigroup boosted their target price on Yelp from $42.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, October 2nd. DA Davidson started coverage on Yelp in a research report on Friday, September 22nd. They issued a “buy” rating and a $51.00 target price for the company. Finally, BidaskClub upgraded Yelp from a “hold” rating to a “buy” rating in a research report on Friday, October 6th. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty have assigned a buy rating to the stock. Yelp presently has an average rating of “Hold” and an average target price of $43.49.
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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.
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