Yelp Inc. (NYSE:YELP – Get Free Report) CFO David A. Schwarzbach sold 2,750 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $40.63, for a total value of $111,732.50. Following the completion of the transaction, the chief financial officer now owns 258,848 shares in the company, valued at approximately $10,516,994.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Yelp Price Performance
Shares of NYSE:YELP remained flat at $39.56 during trading on Wednesday. The stock had a trading volume of 483,835 shares, compared to its average volume of 769,457. The company has a market capitalization of $2.70 billion, a PE ratio of 29.30 and a beta of 1.49. The stock has a 50 day simple moving average of $39.46 and a two-hundred day simple moving average of $42.64. Yelp Inc. has a 52 week low of $26.53 and a 52 week high of $48.99.
Yelp (NYSE:YELP – Get Free Report) last posted its earnings results on Thursday, February 15th. The local business review company reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. Yelp had a return on equity of 14.06% and a net margin of 7.42%. The company had revenue of $342.38 million during the quarter, compared to analyst estimates of $341.83 million. During the same period in the prior year, the company earned $0.28 earnings per share. The business’s revenue was up 10.8% compared to the same quarter last year. Equities research analysts predict that Yelp Inc. will post 1.53 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Yelp
Wall Street Analyst Weigh In
Several research analysts recently commented on the company. Raymond James assumed coverage on Yelp in a research note on Wednesday, March 27th. They issued a “market perform” rating on the stock. StockNews.com upgraded Yelp from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 24th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $41.75.
Check Out Our Latest Stock Report on YELP
About Yelp
Yelp Inc operates a platform that connects consumers with local businesses in the United States and internationally. The company's platform covers various categories, including restaurants, shopping, beauty and fitness, health, and other categories, as well as home, local, auto, professional, pets, events, real estate, and financial services.
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