Key Points
- Jeremy Stoppelman sold 30,000 Yelp shares on Jan. 27 at $27.39 for $821,700, leaving him with 756,458 shares (a 3.81% ownership decline); he also sold 30,000 shares each on Jan. 16, 20 and 23, totaling 120,000 shares and roughly $3.38M in proceeds for the month.
- Yelp recently beat quarterly estimates with EPS of $0.61 vs. $0.47 and revenue of $376.04M (up 4.4% YoY), and analysts forecast about $2.22 in EPS for the current fiscal year.
- The stock trades near $27.53 (close to its 12‑month low of $26.96) with a market cap of ~$1.69B, and MarketBeat shows a consensus rating of "Reduce" and a $31.29 target price.
Yelp Inc. (NYSE:YELP - Get Free Report) CEO Jeremy Stoppelman sold 30,000 shares of the business's stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $27.39, for a total value of $821,700.00. Following the completion of the transaction, the chief executive officer directly owned 756,458 shares in the company, valued at approximately $20,719,384.62. This trade represents a 3.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Jeremy Stoppelman also recently made the following trade(s):
- On Friday, January 23rd, Jeremy Stoppelman sold 30,000 shares of Yelp stock. The stock was sold at an average price of $28.74, for a total transaction of $862,200.00.
- On Tuesday, January 20th, Jeremy Stoppelman sold 30,000 shares of Yelp stock. The shares were sold at an average price of $28.07, for a total transaction of $842,100.00.
- On Friday, January 16th, Jeremy Stoppelman sold 30,000 shares of Yelp stock. The stock was sold at an average price of $28.48, for a total transaction of $854,400.00.
Yelp Trading Up 0.8%
NYSE:YELP opened at $27.53 on Thursday. Yelp Inc. has a 12 month low of $26.96 and a 12 month high of $41.72. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 12.18, a PEG ratio of 0.51 and a beta of 0.55. The firm has a fifty day simple moving average of $29.66 and a two-hundred day simple moving average of $31.25.
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 for the quarter, beating the consensus estimate of $0.47 by $0.14. The firm had revenue of $376.04 million for 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 business's quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.56 earnings per share. Equities analysts predict that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
YELP has been the subject of a number of research reports. Weiss Ratings restated a "hold (c-)" rating on shares of Yelp in a report on Friday, January 9th. Morgan Stanley reduced their price target on shares of Yelp from $30.00 to $28.00 and set an "underweight" rating for the company in a research report on Tuesday, January 13th. Jefferies Financial Group boosted their price target on shares of Yelp from $31.00 to $32.00 and gave the company a "hold" rating in a research note on Thursday, December 11th. Evercore ISI dropped their price objective on shares of Yelp from $45.00 to $38.00 and set an "outperform" rating on the stock in a research note on Monday, November 10th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Yelp from $33.00 to $30.00 and set a "neutral" rating for the company in a research report on Monday, November 10th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, Yelp currently has a consensus rating of "Reduce" and a consensus target price of $31.29.
Check Out Our Latest Analysis on Yelp
Hedge Funds Weigh In On Yelp
Hedge funds have recently bought and sold shares of the company. LSV Asset Management grew its stake in shares of Yelp by 14.8% in the 3rd quarter. LSV Asset Management now owns 2,402,938 shares of the local business review company's stock worth $74,972,000 after acquiring an additional 309,173 shares in the last quarter. Acadian Asset Management LLC grew its position in Yelp by 4.2% in the 2nd quarter. Acadian Asset Management LLC now owns 2,359,112 shares of the local business review company's stock worth $80,827,000 after purchasing an additional 95,933 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Yelp by 4.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,070,236 shares of the local business review company's stock valued at $64,592,000 after buying an additional 88,860 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Yelp by 8.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,976,150 shares of the local business review company's stock worth $61,656,000 after buying an additional 151,354 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Yelp by 7.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,501,764 shares of the local business review company's stock worth $51,458,000 after buying an additional 98,303 shares during the last quarter. 90.11% of the stock is owned by hedge funds and other 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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