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Insider Selling: Yelp Director Sells 1859821 Shares of Stock (YELP)

Yelp (NASDAQ:YELP) Director Deer Vi Co. Llc dumped 1,859,821 shares of Yelp stock in a transaction that occured on Wednesday, August 7th. The shares were sold at an average price of $52.62, for a total transaction of $97,863,781.02. The transaction was disclosed in a filing with the Securities Exchange Commission, which can be accessed through this link.

A number of analysts have recently weighed in on YELP shares. Analysts at MKM Partners raised their price target on shares of Yelp from $55.00 to $71.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Yelp from $31.00 to $41.00 in a research note to investors on Friday, August 2nd. They now have a “sector perform” rating on the stock. Finally, analysts at Pacific Crest raised their price target on shares of Yelp from $40.00 to $48.00 in a research note to investors on Friday, August 2nd. They now have an “outperform” rating on the stock.

Thirteen analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $43.77.


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Yelp (NASDAQ:YELP) traded down 1.57% on Thursday, hitting $51.26. Yelp has a 52-week low of $16.32 and a 52-week high of $59.35. The stock’s 50-day moving average is currently $39.. The company’s market cap is $3.310 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. Analysts expect that Yelp will post $-0.11 EPS for the current fiscal year.

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

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Mystic Maggie

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