Yelp Inc (NYSE:YELP) Trips By 5.1% Due To Insider Sales


Dallas, Texas 04/24/2014 (FINANCIALSTRENDS) –  Yelp Inc (NYSE:YELP) the business website with a social networking feature was found to have lost ground at the end of the last trading session.

Yelp Inc (NYSE:YELP) has been one of the most accessed and utilized platform where clients engaged with local businesses for long and short terms usage.

Drops by 5.1%

Yelp Inc (NYSE:YELP) was found to be trading lower than its regular average, lower by 5.1% , ever since the stock saw insider trading sessions.

The stock was found to be trading much lower at $64.54 and had at the last trading session reported volume trades of 3,233,217 shares, where the last stock price $68.31.

The highest impact of the focus was the CFO-based sale by Robert Krolik. The sale volume which he saw was 17,500 shares, the sales reported on April 21. The average prices at which he sold per shares was $65.53, while the total value was $1,146,775.00.

Financial situation

Yelp Inc (NYSE:YELP) has a market capital of $4.57 billion and EPS of -0.15. The outstanding shares for this stock include 70.87 million. The shares have been trading on the stock market at price ranges of $64.30 and $68.50. The stock has also been trading on the 52 week price range of $24.76 and high of $101.75 only. It has a trading volume of 4.97 million.

Analyst rating

Yelp Inc (NYSE:YELP) has Yelp Inc (NYSE:YELP) received coverage by analysts such as Citigroup Inc, who have upgraded the share to ‘buy’ from previous ‘neutral’ rating. The stock also noted revision in target prices at $64.90, which was a drop to$115.00.

Other analysts such as CRT Capital have also noted an upgrade on their share rating, moving the stock from ‘fair value’ to ‘buy’ rating. The stock has a price target now of $87.00. Other analysts such as SunTrust have also covered this stock in terms of upward revisions.

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