There has been some selling insider activity on Yelp Inc. (NYSE:YELP) recently. Geoffrey L. Donaker, Director disclosed the sale of 630 shares. The shares were sold on July 11th for an average price of $30.11. Donaker now owns $168,315 of the stock per the Form 4 SEC filing. Geoffrey L. Donaker, Director disclosed the sale of 4,000 shares of (YELP). The shares were purchased at an average price of $29.83. The Director now owns $166,750 of the stock according to the SEC filing.
Geoffrey L. Donaker, Director reported the sale of 4,000 shares of YELP stock. The shares were sold on June 6th for an average price of $29.99. Donaker now owns $167,644 of the stock per the Form 4 SEC filing.
Yelp Inc. (Yelp), launched on September 03, 2004, connects people with local businesses by bringing ‘word of mouth’ online and providing a platform for businesses and consumers to engage and transact. The Company offers local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences with other consumers by posting reviews, tips, photos and videos, and to engage directly with businesses, through reviews, its Request-A-Quote and Message the Business features, and by completing transactions on the Yelp Platform. Yelp also provides businesses of all sizes with a range of free and paid services that help them engage with consumers..
Here are some other firms who have updated their holdings. Spiderrock Advisors LLC reduced its holdings by selling 11,946 shares a decrease of 85.3% in the quarter. Spiderrock Advisors LLC claims 2,054 shares valued at $62,000. The total value of its holdings increased 675.0%. As of the end of the quarter Creative Planning had sold a total of 7,027 shares trimming its position 90.9%. The value of the investment in Yelp Inc. decreased from $253,000 to $3,000 a change of $250,000 quarter over quarter.
Bank Of Montreal /can/ divested its investment by shedding 48 shares a decrease of 42.5% from 03/31/2017 to 06/30/2017. Bank Of Montreal /can/ controls 65 shares with a value of $2,000. The value of the position overall is down by 50.0%. As of quarter end Clearbridge Investments, LLC had acquired 27 shares growing its stake by 17.4%. The value in dollars went from $6,000 to $6,000 a change of 0.0% quarter to quarter.
On June 5 the company was upgraded to “Buy” from “Underperform” in a statement from Bank of America. On December 13 analysts at Aegis Capital added the stock to its research portfolio by announcing an initial rating of “Buy”.
On September 7 Macquarie maintained a company rating of “Outperform” and raised the price expectation to $46.00 from $34.00. On July 20 the stock rating was downgraded from “Buy” to “Neutral” with a current price target of $31.00 in a report from Citigroup.
Equity analyst Citigroup downgraded the stock and lowered the price target on July 20 changing the price objective from $54.00 to $31.00 and setting the rating at “Neutral” which had previously been “Buy”. On July 13 the stock rating was downgraded to “Underperform” from “Market Perform” by Wells Fargo.
The company is trading up from yesterday’s close of $31.11. The stock last traded at $32.01 barely above the 50 day moving average which is $29.25 and a tad below the 200 day moving average of $34.46. The 50 day moving average was up by +9.42% and the 200 day average moved down $-2.45.
The P/E ratio is currently 432.57 and the market value is 2.58B. As of the latest earnings report the EPS was $0.07 and is projected to be $-0.08 for the current year with 80,582,000 shares now outstanding. Analysts expect next quarter’s EPS will be $-0.02 with next year’s EPS projected to be $0.20.