Key Points
- CFO David Schwarzbach sold 9,611 Yelp shares on Nov. 26 at an average of $29.31 for $281,698, trimming his stake by 6.38% to 141,127 shares, according to an SEC filing.
- Yelp beat Q3 estimates (EPS $0.61 vs. $0.47; revenue $376.04M vs. $368.39M), but analysts maintain a 'Reduce' consensus with an average target price of $32.20.
Yelp Inc. (NYSE:YELP - Get Free Report) CFO David Schwarzbach sold 9,611 shares of the stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $29.31, for a total value of $281,698.41. Following the sale, the chief financial officer owned 141,127 shares in the company, valued at $4,136,432.37. The trade was a 6.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Yelp Trading Down 1.1%
Shares of YELP opened at $29.06 on Thursday. Yelp Inc. has a twelve month low of $27.29 and a twelve month high of $41.72. The company's fifty day simple moving average is $31.26 and its 200-day simple moving average is $33.39. The company has a market cap of $1.79 billion, a P/E ratio of 13.15, a P/E/G ratio of 0.81 and a beta of 0.99.
Yelp (NYSE:YELP - Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The local business review company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.14. Yelp had a return on equity of 20.17% and a net margin of 10.28%.The firm had revenue of $376.04 million for the quarter, compared to the consensus estimate of $368.39 million. During the same period in the prior year, the business posted $0.56 earnings per share. The company's revenue for the quarter was up 4.4% on a year-over-year basis. Yelp has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts predict that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Yelp
Institutional investors have recently bought and sold shares of the business. CIBC Private Wealth Group LLC boosted its holdings in shares of Yelp by 100.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 892 shares of the local business review company's stock valued at $28,000 after acquiring an additional 446 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new stake in Yelp during the 3rd quarter worth about $206,000. Danske Bank A S acquired a new position in shares of Yelp in the 3rd quarter valued at about $609,000. Camelot Portfolios LLC boosted its stake in shares of Yelp by 35.8% in the third quarter. Camelot Portfolios LLC now owns 10,740 shares of the local business review company's stock worth $335,000 after buying an additional 2,829 shares during the last quarter. Finally, Virtus Advisers LLC purchased a new position in Yelp during the third quarter valued at approximately $84,000. 90.11% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms have weighed in on YELP. Weiss Ratings restated a "hold (c-)" rating on shares of Yelp in a report on Tuesday, October 14th. Evercore ISI dropped their price objective on Yelp from $45.00 to $38.00 and set an "outperform" rating on the stock in a research report on Monday, November 10th. The Goldman Sachs Group set a $33.00 target price on shares of Yelp in a report on Tuesday, October 14th. Wall Street Zen lowered shares of Yelp from a "buy" rating to a "hold" rating in a research note on Saturday, November 8th. Finally, Bank of America cut their price target on shares of Yelp from $31.00 to $30.00 and set an "underperform" rating on the stock in a research note on Friday, August 8th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, Yelp currently has a consensus rating of "Reduce" and an average target price of $32.20.
Check Out Our Latest Research Report on Yelp
About Yelp
(
Get Free Report)
Yelp Inc operates a platform that connects consumers with local businesses in the United States and internationally. The company's platform covers various 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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