Key Points
- Yelp CEO Jeremy Stoppelman sold a total of 180,000 shares in six transactions between Jan. 16 and Feb. 2, raising roughly $5.02 million; after the Jan. 30 sale he owned 756,458 shares (a 3.81% reduction from that sale).
- Yelp recently beat quarterly EPS estimates ($0.61 vs. $0.47) with revenue up 4.4% year-over-year, but analysts' consensus remains a Hold with an average price target of $31.29.
Yelp Inc. (NYSE:YELP - Get Free Report) CEO Jeremy Stoppelman sold 30,000 shares of the stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $27.26, for a total transaction of $817,800.00. Following the transaction, the chief executive officer owned 756,458 shares in the company, valued at $20,621,045.08. The trade was a 3.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Jeremy Stoppelman also recently made the following trade(s):
- On Monday, February 2nd, Jeremy Stoppelman sold 30,000 shares of Yelp stock. The shares were sold at an average price of $27.54, for a total transaction of $826,200.00.
- On Tuesday, January 27th, Jeremy Stoppelman sold 30,000 shares of Yelp stock. The stock was sold at an average price of $27.39, for a total transaction of $821,700.00.
- 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 value 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 value of $854,400.00.
Yelp Trading Up 0.0%
NYSE YELP opened at $27.39 on Tuesday. The firm has a market cap of $1.68 billion, a PE ratio of 12.12, a price-to-earnings-growth ratio of 0.51 and a beta of 0.55. Yelp Inc. has a 1-year low of $26.96 and a 1-year high of $41.22. The stock has a 50-day moving average of $29.58 and a 200-day moving average of $31.08.
Yelp (NYSE:YELP - Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The local business review company reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.14. Yelp had a return on equity of 20.33% and a net margin of 10.23%.The business had revenue of $376.04 million for the quarter, compared to analysts' expectations of $368.39 million. During the same period in the previous year, the firm earned $0.56 EPS. The business's quarterly revenue was up 4.4% on a year-over-year basis. As a group, equities research analysts forecast that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several brokerages have weighed in on YELP. The Goldman Sachs Group set a $33.00 price target on shares of Yelp in a research report on Tuesday, October 14th. Morgan Stanley dropped their target price on shares of Yelp from $30.00 to $28.00 and set an "underweight" rating for the company in a report on Tuesday, January 13th. Zacks Research raised Yelp from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 28th. Jefferies Financial Group upped their price target on Yelp from $31.00 to $32.00 and gave the company a "hold" rating in a research report on Thursday, December 11th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Yelp in a research report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $31.29.
Get Our Latest Report on YELP
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in YELP. Bfsg LLC grew its stake in Yelp by 110.3% in the third quarter. Bfsg LLC now owns 839 shares of the local business review company's stock worth $26,000 after purchasing an additional 440 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Yelp during the second quarter valued at $28,000. CIBC Private Wealth Group LLC boosted its holdings 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 buying an additional 446 shares in the last quarter. Fifth Third Bancorp grew its position in shares of Yelp by 70.4% in the 4th quarter. Fifth Third Bancorp now owns 1,159 shares of the local business review company's stock worth $35,000 after buying an additional 479 shares during the period. Finally, MAI Capital Management grew its position 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 worth $41,000 after buying an additional 1,102 shares during the period. Hedge funds and other institutional investors own 90.11% of the company's stock.
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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