Key Points
- Craig Saldanha executed an insider sale of 1,200 Yelp shares on March 2 at an average $21.78, trimming his position by 0.47% to 253,134 shares (worth about $5.51M); this follows two prior 1,200-share sales in January and February.
- Yelp recently posted an earnings beat (EPS $0.61 vs. $0.47 est.) with revenue of $359.99M (down 0.5% YoY), but analysts remain mixed—MarketBeat shows a consensus "Reduce" rating and a $28.50 price target.
Yelp Inc. (NYSE:YELP - Get Free Report) insider Craig Saldanha sold 1,200 shares of the business's stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $21.78, for a total value of $26,136.00. Following the transaction, the insider owned 253,134 shares in the company, valued at $5,513,258.52. The trade was a 0.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Craig Saldanha also recently made the following trade(s):
- On Monday, February 2nd, Craig Saldanha sold 1,200 shares of Yelp stock. The shares were sold at an average price of $27.40, for a total value of $32,880.00.
- On Friday, January 2nd, Craig Saldanha sold 1,200 shares of Yelp stock. The stock was sold at an average price of $30.43, for a total value of $36,516.00.
Yelp Stock Performance
Yelp stock opened at $23.22 on Wednesday. The company has a market cap of $1.43 billion, a P/E ratio of 10.32, a price-to-earnings-growth ratio of 0.56 and a beta of 0.56. Yelp Inc. has a one year low of $19.60 and a one year high of $41.22. The business has a fifty day moving average of $26.39 and a two-hundred day moving average of $29.43.
Yelp (NYSE:YELP - Get Free Report) last announced its quarterly earnings results on Thursday, February 12th. 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 net margin of 9.94% and a return on equity of 19.96%. The business had revenue of $359.99 million during the quarter, compared to the consensus estimate of $358.70 million. During the same quarter last year, the firm posted $0.62 EPS. The business's revenue was down .5% compared to the same quarter last year. Sell-side analysts predict that Yelp Inc. will post 2.22 EPS for the current year.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the company. Wall Street Zen cut Yelp from a "buy" rating to a "hold" rating in a report on Saturday, February 14th. Robert W. Baird set a $25.00 target price on Yelp in a research report on Friday, February 13th. UBS Group set a $28.00 price target on Yelp in a research report on Tuesday, January 13th. JPMorgan Chase & Co. cut their price target on Yelp from $30.00 to $22.00 and set a "neutral" rating for the company in a research note on Tuesday, February 17th. Finally, Jefferies Financial Group increased their price objective 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. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus target price of $28.50.
Get Our Latest Stock Report on Yelp
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. LSV Asset Management grew its holdings in shares of Yelp by 11.6% during the fourth quarter. LSV Asset Management now owns 2,682,238 shares of the local business review company's stock worth $81,513,000 after buying an additional 279,300 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of Yelp by 4.2% during 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 during the period. Dimensional Fund Advisors LP lifted its stake in shares of Yelp by 7.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,226,666 shares of the local business review company's stock worth $67,666,000 after purchasing an additional 156,430 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Yelp by 8.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,976,150 shares of the local business review company's stock worth $61,656,000 after purchasing an additional 151,354 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of Yelp by 7.0% in the second quarter. Ameriprise Financial Inc. now owns 1,501,764 shares of the local business review company's stock valued at $51,458,000 after purchasing an additional 98,303 shares during the period. 90.11% of the stock is currently owned by hedge funds and other institutional investors.
About Yelp
(
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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