Key Points
- Insider sale: Director Craig Saldanha sold 1,200 Yelp shares on April 1 at an average price of $24.72 for $29,664, trimming his stake to 267,835 shares (a 0.45% ownership decrease); he also sold 1,200 shares in March and February.
- Company performance & sentiment: Yelp beat quarterly EPS estimates ($0.61 vs. $0.47) with ~$360M revenue (down 0.5% YoY), the stock trades around $25 with a $1.5B market cap, and analysts’ consensus is an average rating of "Reduce" with a $28.50 price target.
Yelp Inc. (NYSE:YELP - Get Free Report) insider Craig Saldanha sold 1,200 shares of Yelp stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $24.72, for a total transaction of $29,664.00. Following the transaction, the insider directly owned 267,835 shares in the company, valued at approximately $6,620,881.20. The trade was a 0.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Craig Saldanha also recently made the following trade(s):
- On Monday, March 2nd, Craig Saldanha sold 1,200 shares of Yelp stock. The stock was sold at an average price of $21.78, for a total value of $26,136.00.
- On Monday, February 2nd, Craig Saldanha sold 1,200 shares of Yelp stock. The stock was sold at an average price of $27.40, for a total value of $32,880.00.
Yelp Trading Down 0.1%
Shares of NYSE YELP opened at $25.12 on Friday. Yelp Inc. has a 12-month low of $19.60 and a 12-month high of $41.22. The stock's fifty day simple moving average is $23.96 and its two-hundred day simple moving average is $28.33. The stock has a market capitalization of $1.50 billion, a PE ratio of 11.16, a price-to-earnings-growth ratio of 0.63 and a beta of 0.47.
Yelp (NYSE:YELP - Get Free Report) last released its quarterly earnings results on Thursday, February 12th. The local business review company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.47 by $0.14. The firm had revenue of $359.99 million during the quarter, compared to analyst estimates of $358.70 million. Yelp had a return on equity of 19.96% and a net margin of 9.94%.The business's revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.62 EPS. On average, equities analysts predict that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Yelp
Several institutional investors have recently added to or reduced their stakes in the business. Optimus Prime Fund Management Co. Ltd. increased its holdings in shares of Yelp by 553.8% during the third quarter. Optimus Prime Fund Management Co. Ltd. now owns 850,000 shares of the local business review company's stock valued at $26,520,000 after acquiring an additional 720,000 shares in the last quarter. Qube Research & Technologies Ltd boosted its stake in Yelp by 399.0% in the 2nd quarter. Qube Research & Technologies Ltd now owns 725,214 shares of the local business review company's stock worth $24,853,000 after purchasing an additional 579,894 shares in the last quarter. BNP Paribas Financial Markets grew its position in Yelp by 1,144.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 351,006 shares of the local business review company's stock worth $12,029,000 after purchasing an additional 322,810 shares during the last quarter. LSV Asset Management grew its position in Yelp by 14.8% during the 3rd quarter. LSV Asset Management now owns 2,402,938 shares of the local business review company's stock worth $74,972,000 after purchasing an additional 309,173 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in Yelp by 49.3% during the 3rd quarter. American Century Companies Inc. now owns 823,050 shares of the local business review company's stock valued at $25,679,000 after purchasing an additional 271,838 shares in the last quarter. Institutional investors and hedge funds own 90.11% of the company's stock.
Analyst Ratings Changes
YELP has been the subject of several analyst reports. Jefferies Financial Group increased their price target on shares of Yelp from $31.00 to $32.00 and gave the company a "hold" rating in a research report on Thursday, December 11th. Morgan Stanley reduced their price objective on shares of Yelp from $30.00 to $28.00 and set an "underweight" rating for the company in a research note on Tuesday, January 13th. Wall Street Zen cut shares of Yelp from a "buy" rating to a "hold" rating in a research report on Saturday, February 14th. Robert W. Baird set a $25.00 target price on shares of Yelp in a research note on Friday, February 13th. Finally, Zacks Research lowered shares of Yelp from a "strong-buy" rating to a "hold" rating in a 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. Based on data from MarketBeat.com, the company presently has an average rating of "Reduce" and an average price target 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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