Key Points
- Yelp insider Carmen Amara sold 1,000 shares on June 5 at an average price of $24.00, totaling $24,000. The sale reduced her direct holdings by 0.76% and was made under a pre-arranged Rule 10b5-1 plan.
- Yelp’s latest quarterly results topped expectations, with EPS of $0.30 versus the $0.26 consensus and revenue of $361.46 million versus estimates of $353.47 million. Revenue rose 0.8% year over year.
- Wall Street remains cautious on Yelp, with analysts holding an average “Reduce” rating and a consensus price target of $27.88. Recent research was mixed, including target cuts from Goldman Sachs and Morgan Stanley, while JPMorgan raised its target to $26.00.
Yelp Inc. (NYSE:YELP - Get Free Report) insider Carmen Amara sold 1,000 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $24.00, for a total value of $24,000.00. Following the transaction, the insider directly owned 130,724 shares in the company, valued at approximately $3,137,376. The trade was a 0.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available 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 Monday, June 1st, Carmen Amara sold 500 shares of Yelp stock. The shares were sold at an average price of $22.84, for a total value of $11,420.00.
- On Thursday, May 21st, Carmen Amara sold 500 shares of Yelp stock. The shares were sold at an average price of $22.35, for a total value of $11,175.00.
Yelp Price Performance
YELP stock opened at $23.77 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.74 and a quick ratio of 1.74. The firm has a market capitalization of $1.31 billion, a P/E ratio of 10.85, a P/E/G ratio of 2.46 and a beta of 0.47. The business's 50-day moving average is $25.16 and its two-hundred day moving average is $26.27. Yelp Inc. has a 1 year low of $19.60 and a 1 year high of $37.55.
Yelp (NYSE:YELP - Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The local business review company reported $0.30 earnings per share (EPS) for the quarter, beating 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 return on equity of 20.19% and a net margin of 9.47%.Yelp's revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the company earned $0.36 EPS. Analysts anticipate that Yelp Inc. will post 1.85 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
YELP has been the topic of a number of analyst reports. The Goldman Sachs Group reduced their price target on Yelp from $33.00 to $25.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 17th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Yelp in a research report on Monday, May 11th. Morgan Stanley reduced their price target on Yelp from $28.00 to $24.00 and set an "underweight" rating on the stock in a research report on Friday, May 15th. JPMorgan Chase & Co. raised their target price on Yelp from $22.00 to $26.00 and gave the stock a "neutral" rating in a research report on Friday, May 8th. Finally, Robert W. Baird set a $28.00 target price on Yelp in a research report on Friday, May 8th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus price target of $27.88.
Get Our Latest Stock Analysis on Yelp
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in YELP. Optimus Prime Fund Management Co. Ltd. grew its stake in Yelp by 553.8% during the 3rd quarter. Optimus Prime Fund Management Co. Ltd. now owns 850,000 shares of the local business review company's stock worth $26,520,000 after buying an additional 720,000 shares during the last quarter. OP Asset Management Ltd purchased a new position in Yelp during the 1st quarter worth approximately $14,796,000. Qube Research & Technologies Ltd grew its stake in Yelp by 399.0% during 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 buying an additional 579,894 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Yelp by 20.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,683,927 shares of the local business review company's stock worth $66,402,000 after buying an additional 457,261 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake 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 buying an additional 322,810 shares during the last quarter. Hedge funds and other institutional investors own 90.11% of the company's stock.
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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