Yelp Inc (NYSE:YELP) Director Geoffrey L. Donaker sold 6,000 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $41.09, for a total transaction of $246,540.00. Following the transaction, the director now owns 9,590 shares of the company’s stock, valued at $394,053.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Yelp Inc (NYSE:YELP) opened at $42.43 on Friday. Yelp Inc has a 1-year low of $26.93 and a 1-year high of $48.40. The stock has a market cap of $3,516.98, a PE ratio of 192.86, a P/E/G ratio of 9.14 and a beta of 1.22.

Yelp (NYSE:YELP) last announced its quarterly earnings data on Wednesday, November 1st. The local business review company reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.30. Yelp had a net margin of 2.31% and a return on equity of 2.20%. The firm had revenue of $222.40 million during the quarter, compared to analyst estimates of $220.75 million. During the same quarter in the prior year, the firm posted $0.22 earnings per share. Yelp’s quarterly revenue was up 19.4% on a year-over-year basis. analysts anticipate that Yelp Inc will post 0.17 earnings per share for the current fiscal year.

YELP has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Yelp from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Tuesday, November 21st. Cantor Fitzgerald cut shares of Yelp from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $46.73 to $44.00 in a research report on Monday, October 9th. KeyCorp restated a “buy” rating and set a $54.00 price objective on shares of Yelp in a research report on Wednesday, October 4th. BidaskClub upgraded shares of Yelp from a “hold” rating to a “buy” rating in a research report on Friday, October 6th. Finally, Royal Bank of Canada upgraded shares of Yelp from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $36.00 to $55.00 in a research report on Thursday, November 2nd. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $43.41.

Several institutional investors and hedge funds have recently made changes to their positions in YELP. Strs Ohio purchased a new stake in shares of Yelp in the second quarter valued at about $108,000. Russell Investments Group Ltd. boosted its stake in Yelp by 98.8% during the second quarter. Russell Investments Group Ltd. now owns 4,091 shares of the local business review company’s stock worth $123,000 after buying an additional 2,033 shares during the period. Oppenheimer Asset Management Inc. boosted its stake in Yelp by 28,585.7% during the third quarter. Oppenheimer Asset Management Inc. now owns 4,016 shares of the local business review company’s stock worth $174,000 after buying an additional 4,002 shares during the period. Commerzbank Aktiengesellschaft FI purchased a new position in Yelp during the third quarter worth about $204,000. Finally, Ameritas Investment Partners Inc. purchased a new position in Yelp during the second quarter worth about $205,000. 85.75% of the stock is owned by hedge funds and other institutional investors.

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About Yelp

Yelp Inc (Yelp) connects people with local businesses by bringing ‘word of mouth’ online and providing a platform for businesses and consumers to engage and transact. The Company offers local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences with other consumers by posting reviews, tips, photos and videos, and to engage directly with businesses, through reviews, its Request-A-Quote and Message the Business features, and by completing transactions on the Yelp Platform.

Insider Buying and Selling by Quarter for Yelp (NYSE:YELP)

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