Key Points
- Craig Saldanha sold 1,200 shares of Yelp on Jan. 2 at an average price of $30.43 for $36,516, leaving him with 192,079 shares — a 0.62% reduction in his ownership.
- This sale follows two recent disposals (1,200 shares on Dec. 1 at $28.62 and 1,200 on Nov. 3 at $32.98), meaning he has sold a total of 3,600 shares in recent months, indicating ongoing insider selling.
- Yelp trades around $30 with a market cap near $1.86 billion and recently beat quarterly estimates (EPS $0.61 vs. $0.47; revenue $376M vs. $368M), yet analysts' consensus rating is a "Reduce" with a $32.17 price target.
Yelp Inc. (NYSE:YELP - Get Free Report) insider Craig Saldanha sold 1,200 shares of the firm's stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $30.43, for a total value of $36,516.00. Following the completion of the sale, the insider directly owned 192,079 shares in the company, valued at $5,844,963.97. This trade represents a 0.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Craig Saldanha also recently made the following trade(s):
- On Monday, December 1st, Craig Saldanha sold 1,200 shares of Yelp stock. The stock was sold at an average price of $28.62, for a total value of $34,344.00.
- On Monday, November 3rd, Craig Saldanha sold 1,200 shares of Yelp stock. The stock was sold at an average price of $32.98, for a total transaction of $39,576.00.
Yelp Trading Down 0.7%
YELP opened at $30.18 on Friday. The company has a market cap of $1.86 billion, a P/E ratio of 13.35, a PEG ratio of 0.56 and a beta of 0.55. The company's 50 day moving average is $30.19 and its 200-day moving average is $31.96. Yelp Inc. has a 1-year low of $27.29 and a 1-year high of $41.72.
Yelp (NYSE:YELP - Get Free Report) last issued its quarterly earnings data 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 the consensus estimate of $368.39 million. Yelp had a net margin of 10.23% and a return on equity of 20.33%. The firm's revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.56 EPS. On average, equities analysts forecast that Yelp Inc. will post 2.22 EPS for the current year.
Wall Street Analyst Weigh In
YELP has been the subject of a number of recent research reports. Evercore ISI lowered their target price on 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 price objective on Yelp from $31.00 to $32.00 and gave the company a "hold" rating in a research note on Thursday, December 11th. Zacks Research lowered shares of Yelp from a "strong-buy" rating to a "hold" rating in a report on Monday, October 27th. Wall Street Zen raised shares of Yelp from a "hold" rating to a "buy" rating in a report on Saturday, December 6th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Yelp in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Reduce" and a consensus price target of $32.17.
Check Out Our Latest Research Report on YELP
Institutional Trading of Yelp
Several institutional investors have recently added to or reduced their stakes in the stock. Jupiter Asset Management Ltd. increased its stake in shares of Yelp by 268.1% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 753,173 shares of the local business review company's stock valued at $25,811,000 after acquiring an additional 548,586 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Yelp by 17.7% in the second quarter. Russell Investments Group Ltd. now owns 295,562 shares of the local business review company's stock valued at $10,148,000 after purchasing an additional 44,353 shares in the last quarter. Acadian Asset Management LLC increased its stake in Yelp by 4.2% in the second quarter. Acadian Asset Management LLC now owns 2,359,112 shares of the local business review company's stock valued at $80,827,000 after purchasing an additional 95,933 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in shares of Yelp by 23.1% during the second quarter. Allianz Asset Management GmbH now owns 683,935 shares of the local business review company's stock valued at $23,438,000 after purchasing an additional 128,138 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Yelp by 4.8% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 233,570 shares of the local business review company's stock worth $8,004,000 after purchasing an additional 10,645 shares in the last quarter. 90.11% of the stock is currently owned by institutional investors.
Yelp Company Profile
(
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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