Key Points
- Craig Saldanha sold 1,200 Yelp shares on Feb. 2 at $27.40 for roughly $32,880, reducing his stake by 0.62% to 190,879 shares (≈$5.23M); he also sold 1,200 shares on Jan. 2 and Dec. 1 in similar transactions.
- Yelp recently beat quarterly EPS estimates ($0.61 vs. $0.47) with $376.0M in revenue, and the stock trades with a $1.49B market cap, a P/E of 10.73, and an average analyst target of $31.29 with a consensus rating of "Hold".
Yelp Inc. (NYSE:YELP - Get Free Report) insider Craig Saldanha sold 1,200 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $27.40, for a total value of $32,880.00. Following the completion of the sale, the insider owned 190,879 shares in the company, valued at approximately $5,230,084.60. The trade was a 0.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Craig Saldanha also recently made the following trade(s):
- On Friday, January 2nd, Craig Saldanha sold 1,200 shares of Yelp stock. The shares were sold at an average price of $30.43, for a total transaction of $36,516.00.
- 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 transaction of $34,344.00.
Yelp Price Performance
Yelp stock opened at $24.25 on Thursday. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 10.73, a price-to-earnings-growth ratio of 0.47 and a beta of 0.55. The firm has a 50-day moving average of $29.39 and a two-hundred day moving average of $30.96. Yelp Inc. has a 1 year low of $24.19 and a 1 year high of $41.22.
Yelp (NYSE:YELP - Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The local business review company reported $0.61 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $376.04 million during the quarter, compared to analyst estimates of $368.39 million. During the same quarter in the previous year, the business earned $0.56 earnings per share. Yelp's quarterly revenue was up 4.4% on a year-over-year basis. Research analysts expect that Yelp Inc. will post 2.22 earnings per share for the current year.
Hedge Funds Weigh In On Yelp
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bfsg LLC raised its position in shares of Yelp by 110.3% during the 3rd 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 last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Yelp during the second quarter valued at approximately $28,000. CIBC Private Wealth Group LLC lifted its position in shares of Yelp by 100.0% in the third 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 in the last quarter. Fifth Third Bancorp boosted its stake in shares of Yelp by 70.4% in the fourth quarter. Fifth Third Bancorp now owns 1,159 shares of the local business review company's stock worth $35,000 after acquiring an additional 479 shares during the last quarter. Finally, MAI Capital Management increased its position in shares of Yelp by 1,102.0% during the second quarter. MAI Capital Management now owns 1,202 shares of the local business review company's stock worth $41,000 after purchasing an additional 1,102 shares in the last quarter. 90.11% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the stock. The Goldman Sachs Group set a $33.00 target price on shares of Yelp in a research report on Tuesday, October 14th. Evercore ISI reduced their target price on Yelp from $45.00 to $38.00 and set an "outperform" rating on the stock in a research report on Monday, November 10th. Jefferies Financial Group raised their price target on Yelp from $31.00 to $32.00 and gave the stock a "hold" rating in a report on Thursday, December 11th. Weiss Ratings restated a "hold (c-)" rating on shares of Yelp in a research note on Friday, January 9th. Finally, Wall Street Zen raised shares of Yelp from a "hold" rating to a "buy" rating in a research report on Saturday, December 6th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $31.29.
Check Out Our Latest Report on YELP
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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