Yelp Inc (NYSE:YELP) Director Geoffrey L. Donaker sold 2,000 shares of the business’s stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $34.76, for a total value of $69,520.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

NYSE YELP traded up $0.36 on Friday, hitting $34.77. 208,504 shares of the company’s stock were exchanged, compared to its average volume of 4,079,669. Yelp Inc has a fifty-two week low of $29.33 and a fifty-two week high of $52.50. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 496.71, a PEG ratio of 3.83 and a beta of 1.30.

Yelp (NYSE:YELP) last released its earnings results on Thursday, November 8th. The local business review company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.09. Yelp had a return on equity of 1.34% and a net margin of 18.04%. The company had revenue of $241.10 million for the quarter, compared to analysts’ expectations of $245.55 million. During the same quarter in the previous year, the firm posted $0.29 EPS. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. As a group, research analysts predict that Yelp Inc will post 0.37 earnings per share for the current year.

Several analysts have recently weighed in on the company. MKM Partners reduced their target price on Yelp to $40.00 and set a “buy” rating for the company in a report on Thursday, November 29th. KeyCorp reaffirmed a “hold” rating on shares of Yelp in a research note on Thursday, August 9th. Barclays upped their price objective on Yelp from $47.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, August 9th. Zacks Investment Research reaffirmed a “hold” rating and set a $48.00 price objective on shares of Yelp in a research note on Saturday, November 17th. Finally, Stifel Nicolaus upped their price objective on Yelp from $40.00 to $42.00 and gave the company a “hold” rating in a research note on Thursday, August 9th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company’s stock. Yelp has an average rating of “Hold” and a consensus price target of $41.86.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rehmann Capital Advisory Group acquired a new stake in shares of Yelp in the 3rd quarter worth approximately $161,000. Steward Partners Investment Advisory LLC acquired a new position in Yelp in the third quarter valued at about $194,000. Janus Henderson Group PLC acquired a new position in Yelp in the second quarter valued at about $206,000. Ibex Investors LLC acquired a new position in Yelp in the third quarter valued at about $206,000. Finally, Hartford Investment Management Co. acquired a new position in Yelp in the third quarter valued at about $232,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

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About Yelp

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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