Yelp Inc (NYSE:YELP) Director Geoffrey L. Donaker sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, June 19th. The stock was sold at an average price of $41.58, for a total value of $249,480.00. Following the completion of the sale, the director now directly owns 10,055 shares in the company, valued at $418,086.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Yelp opened at $40.68 on Friday, Marketbeat Ratings reports. Yelp Inc has a 52-week low of $29.30 and a 52-week high of $48.40. The company has a market cap of $3.49 billion, a PE ratio of 695.33, a price-to-earnings-growth ratio of 12.74 and a beta of 1.04.
Yelp (NYSE:YELP) last released its earnings results on Thursday, May 10th. The local business review company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.05). Yelp had a net margin of 17.80% and a return on equity of 0.47%. The business had revenue of $223.07 million for the quarter, compared to analysts’ expectations of $220.17 million. During the same quarter in the previous year, the business posted $0.19 earnings per share. Yelp’s revenue for the quarter was up 12.6% on a year-over-year basis. sell-side analysts predict that Yelp Inc will post 0.13 EPS for the current fiscal year.
YELP has been the topic of several recent analyst reports. Zacks Investment Research raised Yelp from a “sell” rating to a “hold” rating in a research note on Friday, March 9th. ValuEngine raised Yelp from a “sell” rating to a “hold” rating in a research note on Tuesday, May 1st. JPMorgan Chase & Co. lifted their price objective on Yelp from $51.00 to $53.00 and gave the company an “overweight” rating in a research report on Friday, May 11th. Aegis cut Yelp from a “buy” rating to a “hold” rating and cut their price objective for the company from $46.00 to $45.00 in a research report on Friday, May 11th. Finally, Credit Suisse Group lifted their price objective on Yelp from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, May 11th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $45.60.
Yelp Inc operates a platform that connects people with local businesses in the United States, Canada, and internationally. The company's platform covers various local business categories, including restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others.
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