Yelp Inc. (NYSE:YELP) CEO Jeremy Stoppelman sold 13,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $43.50, for a total value of $565,500.00. The sale was disclosed in a filing with the SEC, which is available through this link.

Jeremy Stoppelman also recently made the following trade(s):

  • On Thursday, October 12th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $43.66, for a total value of $567,580.00.
  • On Wednesday, October 4th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $45.38, for a total value of $589,940.00.
  • On Tuesday, September 26th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $42.20, for a total value of $548,600.00.
  • On Thursday, September 21st, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $43.49, for a total value of $565,370.00.
  • On Wednesday, September 13th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $43.54, for a total value of $566,020.00.
  • On Tuesday, September 5th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $42.62, for a total value of $554,060.00.
  • On Friday, September 1st, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $43.15, for a total value of $560,950.00.
  • On Wednesday, August 23rd, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $41.94, for a total value of $545,220.00.
  • On Tuesday, August 15th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $41.74, for a total value of $542,620.00.
  • On Thursday, August 10th, Jeremy Stoppelman sold 13,000 shares of Yelp stock. The stock was sold at an average price of $41.05, for a total value of $533,650.00.

Yelp Inc. (NYSE YELP) traded up 0.416% on Friday, reaching $44.625. The company had a trading volume of 267,391 shares. Yelp Inc. has a 12-month low of $26.93 and a 12-month high of $46.76. The stock’s 50 day moving average price is $43.81 and its 200-day moving average price is $35.87. The stock has a market capitalization of $3.65 billion, a PE ratio of 282.437 and a beta of 1.34.

Yelp (NYSE:YELP) last posted its earnings results on Thursday, August 3rd. The local business review company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.12. Yelp had a net margin of 1.67% and a return on equity of 1.60%. The firm had revenue of $209.90 million for the quarter, compared to the consensus estimate of $204.89 million. During the same period in the previous year, the firm posted $0.16 EPS. The business’s quarterly revenue was up 21.0% on a year-over-year basis. Equities analysts expect that Yelp Inc. will post $0.07 earnings per share for the current fiscal year.

Yelp announced that its board has authorized a share repurchase program on Thursday, August 3rd that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the local business review company to repurchase up to 7.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

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A number of brokerages have commented on YELP. Piper Jaffray Companies reissued a “hold” rating and set a $37.00 price objective on shares of Yelp in a report on Friday, August 4th. Roth Capital upgraded Yelp from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $21.00 to $35.00 in a research note on Friday, August 4th. KeyCorp restated a “buy” rating and issued a $54.00 target price on shares of Yelp in a research note on Tuesday. Morgan Stanley restated an “equal weight” rating and issued a $26.00 target price (down previously from $28.00) on shares of Yelp in a research note on Thursday, July 20th. Finally, MKM Partners upgraded Yelp from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $27.00 to $31.31 in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, twenty have issued a hold rating and eighteen have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $40.81.

Institutional investors have recently bought and sold shares of the company. Strs Ohio bought a new stake in shares of Yelp in the 2nd quarter worth about $108,000. FNY Partners Fund LP grew its holdings in Yelp by 18,650.0% during the 1st quarter. FNY Partners Fund LP now owns 3,750 shares of the local business review company’s stock valued at $122,000 after purchasing an additional 3,730 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Yelp by 98.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,091 shares of the local business review company’s stock valued at $123,000 after purchasing an additional 2,033 shares during the last quarter. FNY Managed Accounts LLC bought a new position in Yelp during the 1st quarter valued at about $163,000. Finally, Teacher Retirement System of Texas grew its holdings in Yelp by 11.8% during the 1st quarter. Teacher Retirement System of Texas now owns 6,167 shares of the local business review company’s stock valued at $202,000 after purchasing an additional 653 shares during the last quarter. Hedge funds and other institutional investors own 90.85% of the company’s stock.

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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