Key Points
- Insider sale: Yelp insider Carmen Amara sold 1,500 shares on Dec. 26 at an average price of $30.69 for $46,035, trimming her stake to 74,378 shares (about $2.28M), a 1.98% reduction.
- Ongoing selling: The Dec. 26 sale is part of a series of insider sales from Oct–Dec totaling 4,500 shares, indicating a sustained pattern of disposals by the same insider.
- Company context: Yelp recently beat quarterly EPS and revenue estimates ($0.61 EPS on $376M revenue), analysts have mixed ratings with a consensus target of $32.17, and the company has a market cap of roughly $1.85B.
Yelp Inc. (NYSE:YELP - Get Free Report) insider Carmen Amara sold 1,500 shares of the company's stock in a transaction that occurred on Friday, December 26th. The shares were sold at an average price of $30.69, for a total value of $46,035.00. Following the sale, the insider owned 74,378 shares in the company, valued at $2,282,660.82. The trade was a 1.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Carmen Amara also recently made the following trade(s):
- On Wednesday, December 3rd, Carmen Amara sold 1,000 shares of Yelp stock. The stock was sold at an average price of $30.00, for a total value of $30,000.00.
- On Tuesday, November 25th, Carmen Amara sold 500 shares of Yelp stock. The shares were sold at an average price of $28.82, for a total value of $14,410.00.
- On Monday, October 27th, Carmen Amara sold 1,500 shares of Yelp stock. The stock was sold at an average price of $33.04, for a total value of $49,560.00.
Yelp Price Performance
YELP stock opened at $30.12 on Tuesday. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 0.63 and a beta of 0.56. Yelp Inc. has a 1-year low of $27.29 and a 1-year high of $41.72. The firm has a fifty day moving average price of $30.43 and a two-hundred day moving average price of $32.06.
Yelp (NYSE:YELP - Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The local business review company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.47 by $0.14. The business had revenue of $376.04 million during the quarter, compared to analyst estimates of $368.39 million. Yelp had a net margin of 10.23% and a return on equity of 20.33%. The company's quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.56 EPS. As a group, analysts expect that Yelp Inc. will post 2.22 EPS for the current fiscal year.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on YELP shares. Evercore ISI reduced their price target on shares of Yelp from $45.00 to $38.00 and set an "outperform" rating for the company in a report on Monday, November 10th. Jefferies Financial Group upped their target price on shares of Yelp from $31.00 to $32.00 and gave the stock a "hold" rating in a research report on Thursday, December 11th. The Goldman Sachs Group set a $33.00 price target on shares of Yelp in a research note on Tuesday, October 14th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Yelp in a research report on Tuesday, October 14th. Finally, Wall Street Zen upgraded Yelp from a "hold" rating to a "buy" rating in a research report on Saturday, December 6th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus target price of $32.17.
Check Out Our Latest Analysis on YELP
Hedge Funds Weigh In On Yelp
Hedge funds have recently made changes to their positions in the business. Bfsg LLC lifted its stake 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 during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Yelp in the second quarter valued at $28,000. CIBC Private Wealth Group LLC lifted its position in shares of Yelp by 100.0% during 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. MAI Capital Management boosted its stake in shares of Yelp by 1,102.0% during the 2nd quarter. MAI Capital Management now owns 1,202 shares of the local business review company's stock worth $41,000 after acquiring an additional 1,102 shares in the last quarter. Finally, Hudson Bay Capital Management LP acquired a new position in shares of Yelp in the 3rd quarter worth $55,000. Institutional investors and hedge funds own 90.11% of the company's stock.
About Yelp
(
Get Free Report)
Yelp is a digital platform that connects consumers with local businesses through user-generated reviews, ratings and multimedia content. The company's flagship offerings include the Yelp website and mobile applications for iOS and Android, where users can search for and discover restaurants, shops, service providers and other points of interest. In addition to crowd-sourced reviews and photographs, Yelp provides business profile pages featuring hours, contact information, menus and direct messaging capabilities.
Yelp generates revenue primarily through advertising services sold to small and medium-sized enterprises.
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