Geoffrey L. Donaker Sells 2,000 Shares of Yelp Inc (YELP) Stock

Yelp Inc (NYSE:YELP) Director Geoffrey L. Donaker sold 2,000 shares of the firm’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $45.02, for a total value of $90,040.00. Following the completion of the sale, the director now directly owns 8,055 shares of the company’s stock, valued at approximately $362,636.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

NYSE YELP traded down $0.94 during trading hours on Monday, hitting $45.36. The company’s stock had a trading volume of 1,405,500 shares, compared to its average volume of 1,749,236. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 664.14, a PEG ratio of 8.25 and a beta of 1.21. Yelp Inc has a 12 month low of $36.42 and a 12 month high of $52.50.

Yelp (NYSE:YELP) last released its quarterly earnings results on Wednesday, August 8th. The local business review company reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.14. The business had revenue of $234.90 million during the quarter, compared to the consensus estimate of $232.26 million. Yelp had a return on equity of 0.74% and a net margin of 17.64%. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.25 EPS. On average, equities research analysts anticipate that Yelp Inc will post 0.3 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC purchased a new position in shares of Yelp during the 2nd quarter valued at about $206,000. Sciencast Management LP purchased a new position in shares of Yelp during the 1st quarter valued at about $230,000. Gideon Capital Advisors Inc. purchased a new position in shares of Yelp during the 2nd quarter valued at about $245,000. AMP Capital Investors Ltd purchased a new position in shares of Yelp during the 2nd quarter valued at about $305,000. Finally, S. R. Schill & Associates purchased a new position in shares of Yelp during the 1st quarter valued at about $333,000. Institutional investors and hedge funds own 92.06% of the company’s stock.

Several brokerages have commented on YELP. Jefferies Financial Group raised their price objective on Yelp from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, August 9th. Aegis lowered Yelp to a “sell” rating in a research report on Wednesday, June 20th. Zacks Investment Research raised Yelp from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Wednesday, August 15th. Royal Bank of Canada raised their price objective on Yelp to $62.00 and gave the company an “outperform” rating in a research report on Monday, September 17th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $60.00 price target on shares of Yelp in a research report on Thursday, September 13th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $48.91.

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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