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