Yelp Inc. (NYSE:YELP) Director Geoffrey L. Donaker sold 6,000 shares of Yelp stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $44.21, for a total value of $265,260.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Yelp Inc. (NYSE YELP) opened at 43.52 on Tuesday. The stock has a 50 day moving average of $43.67 and a 200 day moving average of $35.59. Yelp Inc. has a 12 month low of $26.93 and a 12 month high of $46.76. The stock has a market cap of $3.56 billion, a PE ratio of 275.44 and a beta of 1.34.
Yelp (NYSE:YELP) last posted its quarterly earnings data on Thursday, August 3rd. The local business review company reported $0.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.12. Yelp had a net margin of 1.67% and a return on equity of 1.60%. The business had revenue of $209.90 million during the quarter, compared to analyst estimates of $204.89 million. During the same quarter last year, the firm posted $0.16 earnings per share. The business’s revenue for the quarter was up 21.0% compared to the same quarter last year. On average, equities analysts anticipate that Yelp Inc. will post $0.07 earnings per share for the current fiscal year.
Yelp declared that its board has approved a stock buyback plan on Thursday, August 3rd that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the local business review company to buy up to 7.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
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Several hedge funds and other institutional investors have recently bought and sold shares of YELP. Amalgamated Bank lifted its stake in Yelp by 0.9% in the second quarter. Amalgamated Bank now owns 9,993 shares of the local business review company’s stock worth $300,000 after acquiring an additional 88 shares during the last quarter. Pier 88 Investment Partners LLC lifted its stake in Yelp by 1.7% in the second quarter. Pier 88 Investment Partners LLC now owns 17,580 shares of the local business review company’s stock worth $528,000 after acquiring an additional 300 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in Yelp by 11.8% in the first quarter. Teacher Retirement System of Texas now owns 6,167 shares of the local business review company’s stock worth $202,000 after acquiring an additional 653 shares during the last quarter. United Capital Financial Advisers LLC lifted its stake in Yelp by 12.7% in the first quarter. United Capital Financial Advisers LLC now owns 11,447 shares of the local business review company’s stock worth $375,000 after acquiring an additional 1,292 shares during the last quarter. Finally, California State Teachers Retirement System lifted its stake in Yelp by 1.0% in the second quarter. California State Teachers Retirement System now owns 137,621 shares of the local business review company’s stock worth $4,131,000 after acquiring an additional 1,427 shares during the last quarter. 90.85% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently weighed in on YELP. BidaskClub lowered Yelp from a “buy” rating to a “hold” rating in a research report on Friday. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $42.00 price objective on shares of Yelp in a report on Wednesday, October 11th. B. Riley reissued a “hold” rating and set a $36.00 price objective on shares of Yelp in a report on Wednesday, October 11th. Bank of America Corporation boosted their price objective on Yelp from $43.00 to $52.00 and gave the stock a “buy” rating in a report on Tuesday, October 10th. Finally, Cantor Fitzgerald lowered Yelp from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $46.73 to $44.00 in a report on Monday, October 9th. One investment analyst has rated the stock with a sell rating, twenty have given a hold rating and eighteen have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $40.58.
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.
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