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Insider Selling: Jeremy Stoppelman Sells 14706 Shares of Yelp Stock (YELP)

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Yelp (NASDAQ:YELP) CEO Jeremy Stoppelman sold 14,706 shares of Yelp stock on the open market in a transaction dated Monday, October 21st. The shares were sold at an average price of $72.76, for a total transaction of $1,070,008.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of Yelp (NASDAQ:YELP) traded down 4.90% during mid-day trading on Wednesday, hitting $66.01. 3,556,330 shares of the company’s stock traded hands. Yelp has a 1-year low of $16.32 and a 1-year high of $66.24. The stock’s 50-day moving average is $52.81 and its 200-day moving average is $35.11. The company’s market cap is $4.305 billion.

Yelp (NASDAQ:YELP) last released its earnings data on Wednesday, July 31st. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.03. The company had revenue of $55.02 million for the quarter, compared to the consensus estimate of $53.28 million. During the same quarter in the previous year, the company posted ($0.03) earnings per share. The company’s revenue for the quarter was up 68.3% on a year-over-year basis. On average, analysts predict that Yelp will post $-0.10 earnings per share for the current fiscal year.

YELP has been the subject of a number of recent research reports. Analysts at JPMorgan Chase Co. set a $75.00 price target on shares of Yelp in a research note to investors on Monday, October 14th. Separately, analysts at Zacks upgraded shares of Yelp from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, October 3rd. They now have a $74.60 price target on the stock. Finally, analysts at Wunderlich raised their price target on shares of Yelp from $53.00 to $82.00 in a research note to investors on Thursday, October 3rd. They now have a “buy” rating on the stock. Thirteen research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $55.11.

Yelp Inc connects people with great local businesses. Its users have contributed a total of approximately 36.

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1 comment

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