Yelp Inc. (NYSE:YELP – Get Free Report) CFO David A. Schwarzbach sold 2,750 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $40.63, for a total transaction of $111,732.50. Following the sale, the chief financial officer now owns 258,848 shares of the company’s stock, valued at $10,516,994.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Yelp Stock Down 0.4 %
NYSE YELP opened at $39.40 on Friday. The stock has a market capitalization of $2.69 billion, a PE ratio of 29.19 and a beta of 1.49. The company has a 50 day moving average price of $39.25 and a two-hundred day moving average price of $42.59. Yelp Inc. has a 12-month low of $26.53 and a 12-month high of $48.99.
Yelp (NYSE:YELP – Get Free Report) last posted its earnings results on Thursday, February 15th. The local business review company reported $0.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.37. The firm had revenue of $342.38 million during the quarter, compared to analysts’ expectations of $341.83 million. Yelp had a net margin of 7.42% and a return on equity of 14.06%. The company’s revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.28 earnings per share. As a group, equities analysts anticipate that Yelp Inc. will post 1.53 EPS for the current year.
Institutional Trading of Yelp
Analysts Set New Price Targets
YELP has been the subject of several research reports. Raymond James initiated coverage on shares of Yelp in a report on Wednesday, March 27th. They set a “market perform” rating for the company. StockNews.com upgraded shares of Yelp from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 24th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $41.75.
Read Our Latest Stock Report 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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