Todays Report: The Insider Selling: Yelp Inc. (YELP) COO Sold $872,181.12 in Stock

The Insider Selling: Yelp Inc. (YELP) COO Sold $872,181.12 in Stock

Yelp Inc. (NYSE:YELP) COO Joseph R. Nachman sold 20,288 shares of the company’s stock in a transaction that occurred on Wednesday, October 5th. The shares were sold at an average price of $42.99, for a total transaction of $872,181.12. Following the sale, the chief operating officer now owns 137,311 shares in the company, valued at $5,902,999.89. The sale was disclosed in a filing with the SEC, which is available at this link.

Joseph R. Nachman also recently made the following trade(s): On Tuesday, August 23rd, Joseph R. Nachman sold 2,508 shares of Yelp stock. The shares were sold at an average price of $37.45, for a total transaction of $93,924.60.

Shares of Yelp Inc. (NYSE:YELP) opened at 40.66 on Friday. Yelp Inc. has a 12 month low of $14.53 and a 12 month high of $43.36. The company has a 50-day moving average of $39.03 and a 200 day moving average of $29.62. The company’s market cap is $3.14 billion.

Yelp (NYSE:YELP) last issued its quarterly earnings results on Tuesday, August 9th. The local business review company reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.08. Yelp had a negative net margin of 7.20% and a negative return on equity of 6.14%. The company had revenue of $173.40 million for the quarter, compared to the consensus estimate of $169.82 million. During the same quarter in the prior year, the company earned $0.12 EPS. Yelp’s quarterly revenue was up 29.5% on a year-over-year basis. On average, analysts anticipate that Yelp Inc. will post ($0.19) earnings per share for the current year.

Institutional investors have recently modified their holdings of the company. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Yelp during the first quarter valued at $539,000. TIAA CREF Investment Management LLC increased its position in shares of Yelp by 1.7% in the first quarter. TIAA CREF Investment Management LLC now owns 195,107 shares of the local business review company’s stock valued at $3,879,000 after buying an additional 3,310 shares during the period. BlackRock Inc. increased its position in shares of Yelp by 10.0% in the first quarter. BlackRock Inc. now owns 78,658 shares of the local business review company’s stock valued at $1,564,000 after buying an additional 7,175 shares during the period. BlackRock Group LTD increased its position in shares of Yelp by 0.4% in the first quarter. BlackRock Group LTD now owns 179,547 shares of the local business review company’s stock valued at $3,569,000 after buying an additional 654 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Yelp during the first quarter valued at $475,000. Institutional investors own 74.90% of the company’s stock.

A number of analysts recently commented on YELP shares. Cantor Fitzgerald restated a “buy” rating and set a $42.00 price target on shares of Yelp in a research note on Tuesday, September 27th. Vetr raised shares of Yelp from a “hold” rating to a “buy” rating and set a $43.08 target price on the stock in a report on Monday. Needham & Company LLC upped their target price on shares of Yelp from $34.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, August 10th. Jefferies Group reaffirmed a “buy” rating on shares of Yelp in a report on Monday, July 11th. Finally, Raymond James Financial Inc. raised shares of Yelp from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a report on Wednesday, August 10th. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-one have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $36.03.

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