Key Points
- Yelp CFO David Schwarzbach sold 7,500 shares on April 15 under a pre-arranged Rule 10b5-1 plan at an average price of $26.60 for $199,500, cutting his stake by 3.46% to 209,300 shares (about $5.57M).
- Yelp beat recent quarterly EPS estimates, reporting $0.61 vs. $0.47 expected and $359.99M in revenue (roughly in line with estimates), though revenue was down 0.5% year-over-year.
- Analyst sentiment is negative overall: the consensus rating is "Reduce" (1 Buy, 3 Hold, 4 Sell) with a $28.50 target, while the stock trades near $27.92 with a $1.66B market cap and a P/E of 12.41.
Yelp Inc. (NYSE:YELP - Get Free Report) CFO David Schwarzbach sold 7,500 shares of the stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $26.60, for a total value of $199,500.00. Following the transaction, the chief financial officer owned 209,300 shares in the company, valued at $5,567,380. The trade was a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Yelp Stock Up 1.8%
NYSE:YELP opened at $27.92 on Friday. Yelp Inc. has a twelve month low of $19.60 and a twelve month high of $41.22. The company has a fifty day moving average of $23.93 and a 200-day moving average of $27.95. The firm has a market capitalization of $1.66 billion, a P/E ratio of 12.41, a P/E/G ratio of 0.69 and a beta of 0.47.
Yelp (NYSE:YELP - Get Free Report) last issued its 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. The business had revenue of $359.99 million for the quarter, compared to analyst estimates of $358.70 million. Yelp had a net margin of 9.94% and a return on equity of 19.96%. Yelp's revenue was down .5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.62 earnings per share. On average, analysts anticipate that Yelp Inc. will post 2.22 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages recently commented on YELP. UBS Group set a $28.00 target price on Yelp in a research report on Tuesday, January 13th. Weiss Ratings lowered Yelp from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, February 11th. The Goldman Sachs Group cut their target price on Yelp from $33.00 to $25.00 and set a "neutral" rating on the stock in a report on Tuesday, February 17th. Zacks Research downgraded shares of Yelp from a "hold" rating to a "strong sell" rating in a research report on Wednesday. Finally, Morgan Stanley reduced their price target on shares of Yelp from $30.00 to $28.00 and set an "underweight" rating for the company in a research report on Tuesday, January 13th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Reduce" and a consensus target price of $28.50.
Read Our Latest Report on YELP
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Bfsg LLC boosted its position 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 buying an additional 440 shares during the last quarter. CIBC Private Wealth Group LLC raised its position in Yelp by 100.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 892 shares of the local business review company's stock valued at $28,000 after buying an additional 446 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in Yelp by 71.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,158 shares of the local business review company's stock valued at $35,000 after buying an additional 482 shares during the last quarter. Fifth Third Bancorp lifted its stake in Yelp by 70.4% during the 4th quarter. Fifth Third Bancorp now owns 1,159 shares of the local business review company's stock valued at $35,000 after acquiring an additional 479 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its stake 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 in the last quarter. Institutional investors own 90.11% of the company's stock.
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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