Yelp Inc (YELP): Geoffrey L Donaker , Chief Operating Officer of Yelp Inc sold 6,000 shares on Jul 20, 2016. The Insider selling transaction was reported by the company on Jul 22, 2016 to the Securities and Exchange Commission. The shares were sold at $28.99 per share for a total value of $173,940.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 15, 2016, Geoffrey L Donaker (Chief Operating Officer) sold 6,000 shares at $29.38 per share price.On May 25, 2016, Laurence Wilson (SVP, Legal & User Operations) sold 2,081 shares at $24.84 per share price.Also, On May 25, 2016, Joseph R Nachman (Chief Revenue Officer) sold 2,504 shares at $24.84 per share price.On Feb 19, 2016, Diane M Irvine (director) purchased 6,100 shares at $16.38 per share price.
Yelp Inc: On Wednesday, Jul 20, 2016 heightened volatility was witnessed in Yelp Inc which led to swings in the share price. The shares opened for trading at $28.99 and hit $29.78 on the upside , eventually ending the session at $29.45, with a gain of 0.89% or 0.26 points. The heightened volatility saw the trading volume jump to 15,55,283 shares. The 52-week high of the share price is $35.65 and the company has a market cap of $2,252 M . The 52-week low of the share price is at $14.53.
Company has been under the radar of several Street Analysts.Yelp Inc is Downgraded by Citigroup to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Jul 20, 2016.Yelp Inc is Downgraded by Wells Fargo to Underperform. Earlier the firm had a rating of Market Perform on the company shares. The Rating was issued on Jul 13, 2016.Yelp Inc is Initiated by Wedbush to Neutral and the brokerage firm has set the Price Target at $30. The Rating was issued on Jul 8, 2016.Yelp Inc is Upgraded by MKM Partners to Buy and the brokerage firm has set the Price Target at $40. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Jun 30, 2016.Yelp Inc is Reiterated by Needham to Buy and the brokerage firm has raised the Price Target to $ 34 from a previous price target of $28 .The Rating was issued on Jun 23, 2016.
Yelp Inc. (Yelp) 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 provides local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences through reviews tips photos and videos and engage directly with businesses through reviews and its Message the Business feature. The Company has a range of communities of contributors across the world that contributes the content on its platform. These contributors provide firsthand information about local businesses in the form of reviews and ratings tips photos and videos. In addition to the business listing and advertising products the Company also offers a range of features and consumer-interactive tools to facilitate transactions between consumers and the local businesses they find on Yelp.