Following the completion of the transaction, the chief financial officer now directly owns 207,220 shares in the company, valued at $6,154,434. The shares were sold at an average price of $29.70, for a total value of $59,400.00. Schwarzbach sold 2,000 shares of the firm’s stock in a transaction dated Monday, May 23rd.
The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The stock was sold at an average price of $34.07, for a total value of $204,420.00. Nachman sold 6,000 shares of the firm’s stock in a transaction dated Monday, March 21st. The business’s fifty day moving average price is $32.73 and its 200 day moving average price is $34.38. The stock has a market capitalization of $1.99 billion, a P/E ratio of 49.12 and a beta of 1.66. has a twelve month low of $26.42 and a twelve month high of $43.28. Shares of Yelp stock opened at $28.00 on Thursday. – Yelp is now covered by analysts at.Moreover, increased spending towards long-term growth initiatives is expected to hurt profitability in the near-term.” Nonetheless, decline in food take-out and delivery order volumes, as several restaurants resumed and increased their dine-in operations, is likely to continue hurting its transaction revenues in the near-term. The company’s sustained focus on expanding its product portfolio with the launch of Verified License, Business Highlights, Yelp Portfolios, Yelp Fusion remains a key growth driver. Significant improvement in cumulative reviews is encouraging too. The company is witnessing acceleration in consumer traffic across app-unique devices.
According to Zacks, “Yelp is benefiting from reopening of economies which is resulting in higher ad spending, an increase in Paying Advertising Locations and an improvement in non-term customer retention rate. They now have a $39.00 price target on the stock.
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