Yelp Inc. (NYSE:YELP) CEO Jeremy Stoppelman sold 13,000 shares of Yelp stock in a transaction that occurred on Thursday, September 29th. The shares were sold at an average price of $41.52, for a total value of $539,760.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Jeremy Stoppelman also recently made the following trade(s): On Tuesday, October 4th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The shares were sold at an average price of $41.53, for a total value of $539,890.00. On Friday, September 23rd, Jeremy Stoppelman sold 263,000 shares of Yelp stock. The shares were sold at an average price of $40.00, for a total value of $10,520,000.00.
Shares of Yelp Inc. (NYSE:YELP) opened at 41.13 on Friday. Yelp Inc. has a 52 week low of $14.53 and a 52 week high of $43.36. The company’s market cap is $3.18 billion. The firm’s 50-day moving average price is $38.95 and its 200 day moving average price is $29.48.
Yelp (NYSE:YELP) last posted its quarterly earnings results on Tuesday, August 9th. The local business review company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.08. The firm earned $173.40 million during the quarter, compared to analysts’ expectations of $169.82 million. Yelp had a negative return on equity of 6.14% and a negative net margin of 7.20%. The company’s revenue for the quarter was up 29.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.12 EPS. On average, equities analysts predict that Yelp Inc. will post ($0.19) EPS for the current fiscal year.
Several large investors have recently added to or reduced their stakes in YELP. Marshall Wace LLP raised its stake in Yelp by 7,215.4% in the second quarter. Marshall Wace LLP now owns 1,580,204 shares of the local business review company’s stock valued at $47,975,000 after buying an additional 1,558,603 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its stake in Yelp by 1,840.8% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 526,360 shares of the local business review company’s stock valued at $15,980,000 after buying an additional 499,239 shares in the last quarter. UBS Group AG raised its stake in Yelp by 107.1% in the first quarter. UBS Group AG now owns 31,436 shares of the local business review company’s stock valued at $625,000 after buying an additional 474,072 shares in the last quarter. Orbis Allan Gray Ltd bought a new stake in Yelp during the first quarter valued at $7,734,000. Finally, Tairen Capital Ltd bought a new stake in Yelp during the second quarter valued at $9,293,000. Institutional investors own 74.90% of the company’s stock.
A number of research firms have commented on YELP. Vetr downgraded Yelp from a “hold” rating to a “sell” rating and set a $37.07 target price on the stock. in a research report on Monday, August 29th. Macquarie boosted their target price on Yelp from $39.00 to $46.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 7th. Cantor Fitzgerald reiterated a “buy” rating on shares of Yelp in a research report on Friday, August 19th. Finally, MKM Partners reiterated a “buy” rating and set a $48.00 target price (up from $40.00) on shares of Yelp in a research report on Thursday, August 25th. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $36.02.