Key Points
- CFO David Schwarzbach sold 10,000 shares at an average price of $25 on March 12 for a total of $250,000, trimming his stake by 4.2% to 227,959 shares (≈$5.7M); the sale was disclosed in an SEC filing.
- Yelp beat quarterly EPS estimates ($0.61 vs. $0.47) while revenue was down 0.5% year-over-year, but the stock trades at a market cap of about $1.5B (PE 10.82) amid multiple analyst downgrades and an average MarketBeat rating of "Reduce" with a $28.50 price target.
- Institutional investors own roughly 90.11% of Yelp, with notable activity such as Royal Bank of Canada increasing its stake by 157.8% to 252,564 shares, indicating significant institutional repositioning.
Yelp Inc. (NYSE:YELP - Get Free Report) CFO David Schwarzbach sold 10,000 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $25.00, for a total transaction of $250,000.00. Following the transaction, the chief financial officer owned 227,959 shares of the company's stock, valued at $5,698,975. The trade was a 4.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Yelp Price Performance
Shares of NYSE:YELP opened at $24.34 on Wednesday. The company's 50-day moving average price is $25.14 and its two-hundred day moving average price is $28.91. Yelp Inc. has a one year low of $19.60 and a one year high of $41.22. The stock has a market capitalization of $1.50 billion, a PE ratio of 10.82, a price-to-earnings-growth ratio of 0.59 and a beta of 0.56.
Yelp (NYSE:YELP - Get Free Report) last released its 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 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 quarter in the previous year, the business earned $0.62 earnings per share. Yelp's quarterly revenue was down .5% on a year-over-year basis. On average, analysts anticipate that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada increased its holdings in shares of Yelp by 157.8% during the 1st quarter. Royal Bank of Canada now owns 252,564 shares of the local business review company's stock worth $9,352,000 after acquiring an additional 154,612 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Yelp by 0.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 76,376 shares of the local business review company's stock valued at $2,828,000 after purchasing an additional 506 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Yelp by 2.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 208,551 shares of the local business review company's stock worth $7,723,000 after purchasing an additional 5,210 shares during the period. Intech Investment Management LLC boosted its position in Yelp by 21.8% during the first quarter. Intech Investment Management LLC now owns 39,377 shares of the local business review company's stock worth $1,458,000 after purchasing an additional 7,053 shares during the period. Finally, Strs Ohio acquired a new position in shares of Yelp in the first quarter valued at $56,000. 90.11% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
YELP has been the subject of several recent analyst reports. Wall Street Zen downgraded Yelp from a "buy" rating to a "hold" rating in a report on Saturday, February 14th. Weiss Ratings downgraded shares of Yelp from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday, February 11th. UBS Group set a $28.00 price target on shares of Yelp in a research report on Tuesday, January 13th. JPMorgan Chase & Co. cut their price target on shares of Yelp from $30.00 to $22.00 and set a "neutral" rating for the company in a research note on Tuesday, February 17th. Finally, The Goldman Sachs Group decreased their price objective on shares of Yelp from $33.00 to $25.00 and set a "neutral" rating for the company in a research report on Tuesday, February 17th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Yelp has an average rating of "Reduce" and an average price target of $28.50.
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About Yelp
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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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