Yelp Inc. (NYSE:YELP – Get Rating) COO Joseph R. Nachman sold 6,000 shares of the stock in a transaction that occurred on Wednesday, September 21st. The stock was sold at an average price of $34.39, for a total transaction of $206,340.00. Following the transaction, the chief operating officer now owns 292,983 shares in the company, valued at approximately $10,075,685.37. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Yelp Stock Down 0.8 %

Shares of YELP stock opened at $32.61 on Friday. The firm has a market capitalization of $2.32 billion, a P/E ratio of 51.76 and a beta of 1.54. Yelp Inc. has a twelve month low of $26.28 and a twelve month high of $41.28. The stock's fifty day simple moving average is $34.09 and its 200 day simple moving average is $32.23.

Yelp (NYSE:YELP – Get Rating) last issued its quarterly earnings data on Thursday, August 4th. The local business review company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.10. The business had revenue of $298.90 million for the quarter, compared to analyst estimates of $284.30 million. Yelp had a return on equity of 6.50% and a net margin of 4.32%. Yelp's quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS. As a group, equities research analysts expect that Yelp Inc. will post 0.63 EPS for the current fiscal year.

Institutional Investors Weigh In On Yelp

Analyst Ratings Changes

Several analysts recently issued reports on YELP shares. The Goldman Sachs Group increased their price target on shares of Yelp from $33.00 to $37.00 and gave the stock a "neutral" rating in a research report on Monday, August 8th. StockNews.com lowered shares of Yelp from a "strong-buy" rating to a "buy" rating in a research report on Thursday, July 14th. Credit Suisse Group increased their price target on shares of Yelp from $45.00 to $49.00 and gave the stock an "outperform" rating in a research report on Monday, August 8th. Morgan Stanley reduced their price target on shares of Yelp from $34.00 to $33.00 and set an "underweight" rating on the stock in a research report on Tuesday, July 19th. Finally, Evercore ISI increased their price target on shares of Yelp from $35.00 to $41.00 and gave the stock an "in-line" rating in a research report on Friday, August 5th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $38.00.

Yelp Company Profile

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Yelp Inc operates a platform that connects consumers with local businesses in the United States and internationally. The company's platform covers various local business 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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