Key Points
- Yelp CFO David Schwarzbach sold 13,500 shares on Dec. 16 at an average price of $30.41 for $410,535, trimming his holding by 9.57% to 127,627 shares (≈$3.88M).
- The company beat recent quarterly estimates, reporting $0.61 EPS vs. $0.47 expected and revenue of $376.04M vs. $368.39M, with a net margin of 10.23% and ROE of 20.33%.
- Analyst sentiment is mixed-to-negative: MarketBeat shows a consensus rating of Reduce with an average price target of $32.17 (1 Buy, 4 Hold, 2 Sell).
Yelp Inc. (NYSE:YELP - Get Free Report) CFO David Schwarzbach sold 13,500 shares of the stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $30.41, for a total transaction of $410,535.00. Following the completion of the sale, the chief financial officer directly owned 127,627 shares in the company, valued at approximately $3,881,137.07. This represents a 9.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Yelp Trading Down 0.2%
Shares of NYSE:YELP opened at $30.59 on Wednesday. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 13.54, a PEG ratio of 0.64 and a beta of 0.56. Yelp Inc. has a 12 month low of $27.29 and a 12 month high of $41.72. The firm's 50-day moving average is $30.74 and its 200 day moving average is $32.45.
Yelp (NYSE:YELP - Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The local business review company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.14. Yelp had a net margin of 10.23% and a return on equity of 20.33%. The business had revenue of $376.04 million during the quarter, compared to the consensus estimate of $368.39 million. During the same quarter last year, the firm earned $0.56 earnings per share. The firm's quarterly revenue was up 4.4% compared to the same quarter last year. As a group, equities analysts forecast that Yelp Inc. will post 2.22 EPS for the current fiscal year.
Wall Street Analyst Weigh In
YELP has been the topic of several research analyst reports. Wall Street Zen raised Yelp from a "hold" rating to a "buy" rating in a research report on Saturday, December 6th. Jefferies Financial Group raised their price target on shares of Yelp from $31.00 to $32.00 and gave the stock a "hold" rating in a research note on Thursday, December 11th. The Goldman Sachs Group set a $33.00 target price on shares of Yelp in a research note on Tuesday, October 14th. JPMorgan Chase & Co. decreased their price target on shares of Yelp from $33.00 to $30.00 and set a "neutral" rating for the company in a research note on Monday, November 10th. Finally, 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 note on Monday, November 10th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average price target of $32.17.
Get Our Latest Report on YELP
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in YELP. Bfsg LLC boosted its position in Yelp by 110.3% during the third quarter. Bfsg LLC now owns 839 shares of the local business review company's stock valued at $26,000 after purchasing an additional 440 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Yelp during the second quarter valued at about $28,000. 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 buying an additional 446 shares in the last quarter. MAI Capital Management boosted its holdings in shares of Yelp by 1,102.0% in the 2nd quarter. MAI Capital Management now owns 1,202 shares of the local business review company's stock valued at $41,000 after buying an additional 1,102 shares in the last quarter. Finally, Hudson Bay Capital Management LP purchased a new position in shares of Yelp in the 3rd quarter worth approximately $55,000. 90.11% of the stock is owned by institutional investors.
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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