Yelp Inc. (NYSE:YELP – Get Free Report) CFO David A. Schwarzbach sold 2,750 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $40.63, for a total value of $111,732.50. Following the sale, the chief financial officer now directly owns 258,848 shares in the company, valued at $10,516,994.24. The transaction was disclosed in a filing with the SEC, which is available at this link.
Yelp Price Performance
Shares of NYSE YELP opened at $39.56 on Thursday. Yelp Inc. has a 1-year low of $26.53 and a 1-year high of $48.99. The firm has a market capitalization of $2.70 billion, a PE ratio of 29.30 and a beta of 1.49. The business’s fifty day moving average price is $39.37 and its two-hundred day moving average price is $42.62.
Yelp (NYSE:YELP – Get Free Report) last released its quarterly earnings results on Thursday, February 15th. The local business review company reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37. Yelp had a return on equity of 14.06% and a net margin of 7.42%. The company had revenue of $342.38 million during the quarter, compared to analysts’ expectations of $341.83 million. During the same quarter in the prior year, the business posted $0.28 earnings per share. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. Equities research analysts expect that Yelp Inc. will post 1.53 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
Several research firms recently issued reports on YELP. StockNews.com raised Yelp from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 24th. Raymond James began coverage on Yelp in a research report on Wednesday, March 27th. They issued a “market perform” rating on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Yelp currently has a consensus rating of “Hold” and an average price target of $41.75.
View Our Latest Analysis on Yelp
About Yelp
Yelp Inc operates a platform that connects consumers with local businesses in the United States and internationally. The company's platform covers various categories, including restaurants, shopping, beauty and fitness, health, and other categories, as well as home, local, auto, professional, pets, events, real estate, and financial services.
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