Yelp Sees Unusually Large Options Volume (NYSE:YELP)

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Yelp Inc. (NYSE:YELPGet Rating) was the recipient of some unusual options trading on Friday. Traders bought 1,913 put options on the stock. This represents an increase of 157% compared to the typical daily volume of 743 put options.

Insider Activity at Yelp

In related news, COO Joseph R. Nachman sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 21st. The stock was sold at an average price of $31.14, for a total value of $186,840.00. Following the sale, the chief operating officer now directly owns 314,913 shares in the company, valued at approximately $9,806,390.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Yelp news, CFO David A. Schwarzbach sold 2,000 shares of the stock in a transaction on Wednesday, June 15th. The stock was sold at an average price of $28.00, for a total transaction of $56,000.00. Following the completion of the transaction, the chief financial officer now directly owns 203,058 shares of the company’s stock, valued at approximately $5,685,624. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Joseph R. Nachman sold 6,000 shares of the stock in a transaction on Thursday, July 21st. The shares were sold at an average price of $31.14, for a total value of $186,840.00. Following the transaction, the chief operating officer now directly owns 314,913 shares of the company’s stock, valued at $9,806,390.82. The disclosure for this sale can be found here. Insiders have sold a total of 34,605 shares of company stock worth $1,021,250 in the last three months. 7.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Yelp

Several institutional investors have recently bought and sold shares of YELP. Point72 Hong Kong Ltd acquired a new stake in shares of Yelp in the fourth quarter valued at about $53,000. Counterpoint Mutual Funds LLC acquired a new stake in shares of Yelp in the first quarter valued at about $65,000. KBC Group NV acquired a new stake in shares of Yelp in the fourth quarter valued at about $79,000. Daiwa Securities Group Inc. grew its position in shares of Yelp by 47.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 2,471 shares of the local business review company’s stock valued at $90,000 after purchasing an additional 794 shares during the last quarter. Finally, Captrust Financial Advisors grew its position in shares of Yelp by 16.2% in the first quarter. Captrust Financial Advisors now owns 4,033 shares of the local business review company’s stock valued at $138,000 after purchasing an additional 563 shares during the last quarter. 88.33% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on YELP shares. BMO Capital Markets reduced their price objective on Yelp from $42.00 to $37.00 in a research note on Tuesday, May 10th. Morgan Stanley reduced their price objective on Yelp from $34.00 to $33.00 and set an “underweight” rating for the company in a research note on Tuesday, July 19th. StockNews.com lowered Yelp from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 14th. Wells Fargo & Company reduced their price objective on Yelp from $40.00 to $35.00 in a research note on Monday, May 9th. Finally, The Goldman Sachs Group lowered Yelp from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $49.00 to $33.00 in a research note on Friday, July 15th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Yelp has an average rating of “Hold” and an average price target of $37.75.

Yelp Stock Up 18.4 %

Shares of Yelp stock opened at $38.26 on Friday. The stock has a market cap of $2.72 billion, a PE ratio of 67.12 and a beta of 1.59. The business has a fifty day simple moving average of $29.64 and a 200-day simple moving average of $31.96. Yelp has a 12 month low of $26.28 and a 12 month high of $43.28.

Yelp (NYSE:YELPGet Rating) last announced its quarterly earnings data on Thursday, August 4th. The local business review company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.10. Yelp had a return on equity of 5.82% and a net margin of 4.14%. The business had revenue of $298.90 million during the quarter, compared to analyst estimates of $284.30 million. During the same period last year, the company earned $0.05 earnings per share. Yelp’s quarterly revenue was up 16.2% compared to the same quarter last year. Analysts expect that Yelp will post 0.86 EPS for the current fiscal year.

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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