Key Points
- Director Dan Jedda sold 1,464 Yelp shares on Feb. 23 at an average price of $21.02, totaling about $30,773 and trimming his stake by 7.89% to 17,100 shares worth roughly $359,442.
- Yelp shares traded up to $21.87 (about +2.9%) after the company reported $0.61 EPS versus a $0.47 estimate and revenue of $359.99M (slightly above estimates but down 0.5% year-over-year).
- Analysts have lowered price targets recently (e.g., Goldman Sachs to $25, Morgan Stanley to $28), and MarketBeat shows a consensus rating of "Reduce" with an average target of $28.50.
Yelp Inc. (NYSE:YELP - Get Free Report) Director Dan Jedda sold 1,464 shares of the firm's stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $21.02, for a total transaction of $30,773.28. Following the completion of the sale, the director directly owned 17,100 shares in the company, valued at approximately $359,442. This trade represents a 7.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Yelp Trading Up 2.9%
Yelp stock traded up $0.63 during trading hours on Thursday, hitting $21.87. 895,033 shares of the stock traded hands, compared to its average volume of 1,449,210. Yelp Inc. has a one year low of $19.60 and a one year high of $41.22. The company has a market cap of $1.34 billion, a PE ratio of 9.71, a PEG ratio of 0.49 and a beta of 0.55. The firm's 50-day moving average price is $27.06 and its two-hundred day moving average price is $29.68.
Yelp (NYSE:YELP - Get Free Report) last issued its earnings results on Thursday, February 12th. The local business review company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.47 by $0.14. Yelp had a return on equity of 19.96% and a net margin of 9.94%.The business had revenue of $359.99 million for the quarter, compared to the consensus estimate of $358.70 million. During the same period last year, the business posted $0.62 EPS. The company's revenue was down .5% compared to the same quarter last year. On average, sell-side analysts expect that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Yelp
Hedge funds have recently bought and sold shares of the stock. Bfsg LLC raised its holdings in shares of 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 acquiring an additional 440 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Yelp in the second quarter worth approximately $28,000. CIBC Private Wealth Group LLC boosted its stake in Yelp by 100.0% during the third quarter. CIBC Private Wealth Group LLC now owns 892 shares of the local business review company's stock worth $28,000 after buying an additional 446 shares during the period. Fifth Third Bancorp lifted its stake in Yelp by 70.4% during the fourth quarter. Fifth Third Bancorp now owns 1,159 shares of the local business review company's stock worth $35,000 after purchasing an additional 479 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its holdings in Yelp by 181.3% during the 4th quarter. Hantz Financial Services Inc. now owns 1,297 shares of the local business review company's stock valued at $39,000 after acquiring an additional 836 shares during the period. Hedge funds and other institutional investors own 90.11% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on YELP shares. The Goldman Sachs Group cut their price objective on Yelp from $33.00 to $25.00 and set a "neutral" rating for the company in a research report on Tuesday, February 17th. Robert W. Baird set a $25.00 price objective on shares of Yelp in a research report on Friday, February 13th. UBS Group set a $28.00 price target on shares of Yelp in a report on Tuesday, January 13th. Morgan Stanley reduced their price objective on Yelp from $30.00 to $28.00 and set an "underweight" rating on the stock in a research note on Tuesday, January 13th. Finally, Evercore lowered their price objective on Yelp from $45.00 to $38.00 and set an "outperform" rating for the company in a research note on Monday, November 10th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Yelp currently has an average rating of "Reduce" and a consensus target price of $28.50.
View Our Latest Research 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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