Key Points
- Yelp director Christine Barone sold 15,507 shares on June 1 at an average price of $22.95, totaling about $355,886. The sale cut her stake by 49.33%, and it was made under a pre-arranged Rule 10b5-1 plan.
- Yelp shares were down 4.8% and opened at $21.97, near the lower end of their 52-week range. The stock also traded below both its 50-day and 200-day moving averages.
- Recent earnings beat expectations, with Yelp reporting $0.30 EPS versus $0.26 expected and revenue of $361.46 million versus $353.47 million expected. However, analyst sentiment remains cautious, with a consensus rating of "Reduce" and an average target price of $27.88.
Yelp Inc. (NYSE:YELP - Get Free Report) insider Carmen Amara sold 500 shares of the company's stock in a transaction on Monday, June 1st. The stock was sold at an average price of $22.84, for a total value of $11,420.00. Following the transaction, the insider owned 131,724 shares in the company, valued at $3,008,576.16. This trade represents a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Carmen Amara also recently made the following trade(s):
- On Thursday, May 21st, Carmen Amara sold 500 shares of Yelp stock. The stock was sold at an average price of $22.35, for a total value of $11,175.00.
Yelp Price Performance
Yelp stock opened at $21.97 on Thursday. The firm has a market cap of $1.21 billion, a PE ratio of 10.03, a price-to-earnings-growth ratio of 2.47 and a beta of 0.47. Yelp Inc. has a 52-week low of $19.60 and a 52-week high of $37.92. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.21. The company's 50 day moving average is $25.23 and its two-hundred day moving average is $26.41.
Yelp (NYSE:YELP - Get Free Report) last released its earnings results on Thursday, May 7th. The local business review company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.04. The company had revenue of $361.46 million for the quarter, compared to analyst estimates of $353.47 million. Yelp had a net margin of 9.47% and a return on equity of 20.19%. The firm's quarterly revenue was up .8% on a year-over-year basis. During the same period in the prior year, the business earned $0.36 EPS. On average, research analysts expect that Yelp Inc. will post 1.85 EPS for the current fiscal year.
Hedge Funds Weigh In On Yelp
Several large investors have recently bought and sold shares of YELP. California State Teachers Retirement System lifted its position in shares of Yelp by 0.7% during the 2nd quarter. California State Teachers Retirement System now owns 58,298 shares of the local business review company's stock valued at $1,998,000 after acquiring an additional 393 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Yelp by 6.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,204 shares of the local business review company's stock valued at $219,000 after acquiring an additional 408 shares during the period. Pinnacle Holdings LLC lifted its position in shares of Yelp by 1.2% during the 3rd quarter. Pinnacle Holdings LLC now owns 35,838 shares of the local business review company's stock valued at $1,118,000 after acquiring an additional 413 shares during the period. CWA Asset Management Group LLC lifted its position in shares of Yelp by 2.2% during the 4th quarter. CWA Asset Management Group LLC now owns 19,871 shares of the local business review company's stock valued at $604,000 after acquiring an additional 436 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its position in shares of Yelp by 100.0% during 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 acquiring an additional 446 shares during the period. Hedge funds and other institutional investors own 90.11% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of Yelp from a "buy" rating to a "hold" rating in a report on Saturday, February 14th. The Goldman Sachs Group reduced their target price on shares of Yelp from $33.00 to $25.00 and set a "neutral" rating on the stock in a report on Tuesday, February 17th. Zacks Research upgraded shares of Yelp from a "strong sell" rating to a "hold" rating in a report on Thursday, May 14th. Morgan Stanley reduced their target price on shares of Yelp from $28.00 to $24.00 and set an "underweight" rating on the stock in a report on Friday, May 15th. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of Yelp in a report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Yelp presently has a consensus rating of "Reduce" and a consensus target price of $27.88.
Check Out Our Latest Analysis 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.
Further Reading
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