Yelp Inc. (NYSE:YELP – Get Free Report) CTO Alexander Coleman Levy sold 3,829 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $23.40, for a total value of $89,598.60. Following the completion of the sale, the chief technology officer owned 54,124 shares of the company’s stock, valued at $1,266,501.60. This trade represents a 6.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Yelp Trading Down 0.2%
Shares of YELP stock opened at $23.78 on Wednesday. Yelp Inc. has a 1-year low of $19.60 and a 1-year high of $34.49. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 2.17 and a beta of 0.46. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.75 and a quick ratio of 1.75. The stock has a 50 day simple moving average of $25.02 and a 200-day simple moving average of $24.53.
Yelp (NYSE:YELP – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The local business review company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.21. The firm had revenue of $375.52 million for the quarter, compared to analysts’ expectations of $366.89 million. Yelp had a net margin of 8.59% and a return on equity of 19.52%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.67 EPS. On average, equities research analysts expect that Yelp Inc. will post 1.84 EPS for the current fiscal year.
Hedge Funds Weigh In On Yelp
Wall Street Analyst Weigh In
Several research firms recently weighed in on YELP. Robert W. Baird set a $28.00 price target on shares of Yelp in a research report on Friday, May 8th. Evercore set a $30.00 target price on Yelp in a report on Monday, May 11th. JPMorgan Chase & Co. raised their target price on Yelp from $22.00 to $26.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Zacks Research upgraded Yelp from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 14th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Yelp in a report on Friday, August 7th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Yelp currently has an average rating of “Reduce” and an average target price of $27.57.
Check Out Our Latest Stock Report on Yelp
About Yelp
Yelp is a digital platform that connects consumers with local businesses through user-generated reviews, ratings and multimedia content. The company’s flagship offerings include the Yelp website and mobile applications for iOS and Android, where users can search for and discover restaurants, shops, service providers and other points of interest. In addition to crowd-sourced reviews and photographs, Yelp provides business profile pages featuring hours, contact information, menus and direct messaging capabilities.
Yelp generates revenue primarily through advertising services sold to small and medium-sized enterprises.
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