Yelp Inc (NYSE:YELP) Director Geoffrey L. Donaker sold 4,000 shares of Yelp stock in a transaction on Tuesday, October 9th. The shares were sold at an average price of $45.32, for a total value of $181,280.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of YELP opened at $42.78 on Friday. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of 608.57, a PEG ratio of 8.25 and a beta of 1.21. Yelp Inc has a one year low of $36.42 and a one year high of $52.50.
Yelp (NYSE:YELP) last issued its quarterly earnings data on Wednesday, August 8th. The local business review company reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.14. The business had revenue of $234.90 million during the quarter, compared to analysts’ expectations of $232.26 million. Yelp had a return on equity of 0.74% and a net margin of 17.64%. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.25 EPS. Equities analysts forecast that Yelp Inc will post 0.3 earnings per share for the current year.
Several hedge funds have recently modified their holdings of the company. Janus Henderson Group PLC purchased a new position in shares of Yelp in the 2nd quarter valued at about $206,000. Sciencast Management LP purchased a new position in shares of Yelp in the 1st quarter valued at about $230,000. Gideon Capital Advisors Inc. purchased a new position in shares of Yelp in the 2nd quarter valued at about $245,000. AMP Capital Investors Ltd purchased a new position in shares of Yelp in the 2nd quarter valued at about $305,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Yelp in the 2nd quarter valued at about $367,000. 92.06% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have recently issued reports on YELP. Zacks Investment Research downgraded Yelp from a “buy” rating to a “hold” rating in a report on Friday, September 28th. Royal Bank of Canada lifted their price target on Yelp to $62.00 and gave the company an “outperform” rating in a report on Monday, September 17th. Wedbush reiterated an “outperform” rating and issued a $60.00 price target on shares of Yelp in a report on Thursday, September 13th. KeyCorp reiterated a “hold” rating on shares of Yelp in a report on Thursday, August 9th. Finally, JPMorgan Chase & Co. lifted their price target on Yelp to $57.00 and gave the company an “overweight” rating in a report on Thursday, August 9th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $49.24.
Yelp Company Profile
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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