Key Points
- Yelp insider Carmen Amara sold 500 shares at an average price of $22.14, generating $11,070. The transaction was made under a pre-arranged Rule 10b5-1 plan, leaving Amara with 100,536 shares.
- Yelp recently reported quarterly EPS of $0.57, beating analyst estimates of $0.36, while revenue of $375.52 million exceeded expectations and rose 1.4% year over year.
- Yelp shares opened at $22.20, well below the 52-week high of $34.49. Analysts’ consensus rating is “Reduce”, with an average price target of $27.57, while institutional investors own 90.11% of the stock.
Yelp Inc. (NYSE:YELP - Get Free Report) insider Carmen Amara sold 500 shares of the business's stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $22.14, for a total transaction of $11,070.00. Following the transaction, the insider owned 100,536 shares in the company, valued at approximately $2,225,867.04. This represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 Friday, June 5th, Carmen Amara sold 1,000 shares of Yelp stock. The stock was sold at an average price of $24.00, for a total value of $24,000.00.
Yelp Price Performance
YELP opened at $22.20 on Friday. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 2.06 and a beta of 0.43. Yelp Inc. has a 1 year low of $19.60 and a 1 year high of $34.49. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.16. The stock has a fifty day moving average price of $24.98 and a 200 day moving average price of $24.49.
Yelp (NYSE:YELP - Get Free Report) last issued its earnings results on Thursday, August 6th. The local business review company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.21. Yelp had a return on equity of 19.52% and a net margin of 8.59%.The firm had revenue of $375.52 million for the quarter, compared to the consensus estimate of $366.89 million. During the same quarter in the previous year, the company posted $0.67 earnings per share. The business's quarterly revenue was up 1.4% compared to the same quarter last year. Analysts forecast that Yelp Inc. will post 1.82 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System lifted its holdings in Yelp by 0.7% in the 2nd 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 during the last quarter. PNC Financial Services Group Inc. grew its holdings in Yelp by 6.0% during 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 purchasing an additional 408 shares during the last quarter. CIBC Private Wealth Group LLC raised its position in shares of Yelp by 100.0% in the third quarter. CIBC Private Wealth Group LLC now owns 892 shares of the local business review company's stock valued at $28,000 after purchasing an additional 446 shares during the period. Corient Private Wealth LLC raised its position in shares of Yelp by 5.9% in the fourth quarter. Corient Private Wealth LLC now owns 8,302 shares of the local business review company's stock valued at $252,000 after purchasing an additional 464 shares during the period. Finally, Fifth Third Bancorp lifted its stake in shares of Yelp by 70.4% in the fourth quarter. Fifth Third Bancorp now owns 1,159 shares of the local business review company's stock worth $35,000 after buying an additional 479 shares during the last quarter. Institutional investors and hedge funds own 90.11% of the company's stock.
Analyst Ratings Changes
YELP has been the topic of a number of research reports. JPMorgan Chase & Co. increased their price objective on Yelp from $22.00 to $26.00 and gave the stock a "neutral" rating in a report on Friday, May 8th. Robert W. Baird set a $28.00 target price on shares of Yelp in a research note on Friday, May 8th. Zacks Research raised shares of Yelp from a "strong sell" rating to a "hold" rating in a research report on Thursday, May 14th. Weiss Ratings restated a "sell (d+)" rating on shares of Yelp in a research note on Friday, August 7th. Finally, Evercore set a $30.00 price target on shares of Yelp in a report on Monday, May 11th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Yelp currently has an average rating of "Reduce" and a consensus target price of $27.57.
Read Our Latest Analysis 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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