Key Points
- Yelp CFO David Schwarzbach sold 7,500 shares on March 23 at an average price of $25 for total proceeds of $187,500, reducing his stake by 3.34% to 216,800 shares (about $5.42M).
- Recent quarter: Yelp reported $0.61 EPS versus $0.47 expected and revenue of $360M (down 0.5% YoY), with a net margin of 9.94% and ROE of 19.96%.
- Analyst and ownership picture: The consensus rating is "Reduce" with an average target of $28.50 after multiple downgrades (Goldman cut its target to $25), and institutional investors hold roughly 90% of the stock.
Yelp Inc. (NYSE:YELP - Get Free Report) CFO David Schwarzbach sold 7,500 shares of the business's stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $25.00, for a total transaction of $187,500.00. Following the transaction, the chief financial officer directly owned 216,800 shares in the company, valued at approximately $5,420,000. The trade was a 3.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Yelp Trading Up 0.2%
Shares of YELP stock opened at $24.17 on Thursday. The firm has a fifty day simple moving average of $24.46 and a 200-day simple moving average of $28.63. The company has a market capitalization of $1.44 billion, a PE ratio of 10.74, a price-to-earnings-growth ratio of 0.61 and a beta of 0.56. Yelp Inc. has a twelve month low of $19.60 and a twelve month high of $41.22.
Yelp (NYSE:YELP - Get Free Report) last released its quarterly earnings results on Thursday, February 12th. The local business review company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.14. Yelp had a net margin of 9.94% and a return on equity of 19.96%. The firm 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 firm posted $0.62 EPS. The firm's quarterly revenue was down .5% on a year-over-year basis. Equities research analysts predict that Yelp Inc. will post 2.22 EPS for the current year.
Institutional Investors Weigh In On Yelp
A number of institutional investors have recently modified their holdings of the stock. Advisors Asset Management Inc. lifted its position in shares of Yelp by 14.5% during the second quarter. Advisors Asset Management Inc. now owns 3,056 shares of the local business review company's stock worth $105,000 after purchasing an additional 386 shares during the last quarter. California State Teachers Retirement System grew its stake in Yelp by 0.7% in the second quarter. California State Teachers Retirement System now owns 58,298 shares of the local business review company's stock worth $1,998,000 after purchasing an additional 393 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Yelp by 6.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,204 shares of the local business review company's stock valued at $219,000 after buying an additional 408 shares during the last quarter. Pinnacle Holdings LLC increased its holdings in Yelp by 1.2% in the third quarter. Pinnacle Holdings LLC now owns 35,838 shares of the local business review company's stock valued at $1,118,000 after buying an additional 413 shares during the last quarter. Finally, CWA Asset Management Group LLC raised its stake in Yelp by 2.2% during the fourth quarter. CWA Asset Management Group LLC now owns 19,871 shares of the local business review company's stock valued at $604,000 after buying an additional 436 shares in the last quarter. Institutional investors and hedge funds own 90.11% of the company's stock.
Analyst Upgrades and Downgrades
YELP has been the topic of several recent analyst reports. UBS Group set a $28.00 price target on Yelp in a research note on Tuesday, January 13th. Zacks Research lowered Yelp from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 17th. Weiss Ratings downgraded Yelp from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday, February 11th. Wall Street Zen lowered Yelp from a "buy" rating to a "hold" rating in a research report on Saturday, February 14th. Finally, The Goldman Sachs Group reduced their target price on Yelp from $33.00 to $25.00 and set a "neutral" rating for the company in a research note on Tuesday, February 17th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and an average target price of $28.50.
View Our Latest Research Report on YELP
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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