Key Points
- Yelp CFO David Schwarzbach sold 7,500 shares at an average price of $20, totaling $150,000. The Rule 10b5-1 transaction reduced his direct holdings by 4.16% to 172,966 shares.
- Yelp reported quarterly EPS of $0.57, exceeding the $0.36 consensus estimate, while revenue reached $375.52 million, up 1.4% year over year and above expectations.
- Analyst sentiment remains cautious: Yelp has an average “Reduce” rating, with one Buy, three Hold, and three Sell ratings; the consensus price target is $25.57.
Yelp Inc. (NYSE:YELP - Get Free Report) CFO David Schwarzbach sold 7,500 shares of Yelp stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $20.00, for a total value of $150,000.00. Following the sale, the chief financial officer directly owned 172,966 shares in the company, valued at approximately $3,459,320. This trade represents a 4.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Yelp Stock Performance
Shares of NYSE YELP opened at $19.54 on Tuesday. 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 50 day simple moving average of $20.86 and a 200-day simple moving average of $23.64. The company has a market cap of $1.06 billion, a PE ratio of 9.35, a P/E/G ratio of 1.79 and a beta of 0.45. Yelp Inc. has a 12-month low of $17.26 and a 12-month high of $34.49.
Yelp (NYSE:YELP - Get Free Report) last posted its earnings results on Thursday, August 6th. The local business review company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.36 by $0.21. The firm had revenue of $375.52 million for the quarter, compared to analysts' expectations of $366.89 million. Yelp had a return on equity of 19.52% and a net margin of 8.59%. The firm's revenue was up 1.4% compared to the same quarter last year. During the same period last year, the firm earned $0.67 EPS. On average, equities research analysts forecast that Yelp Inc. will post 1.86 EPS for the current year.
Institutional Trading of Yelp
Hedge funds and other institutional investors have recently made changes to their positions in the business. Rockefeller Capital Management L.P. boosted its holdings in Yelp by 71.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,158 shares of the local business review company's stock worth $35,000 after buying an additional 482 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Yelp in the second quarter worth approximately $61,000. Essential Partners LLC increased its holdings in shares of Yelp by 225.9% in the first quarter. Essential Partners LLC now owns 2,796 shares of the local business review company's stock valued at $69,000 after buying an additional 1,938 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of Yelp by 428.4% in the first quarter. Parallel Advisors LLC now owns 3,720 shares of the local business review company's stock valued at $92,000 after buying an additional 3,016 shares in the last quarter. Finally, Nykredit A S bought a new position in shares of Yelp in the second quarter valued at $128,000. 90.11% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on YELP. JPMorgan Chase & Co. started coverage on shares of Yelp in a research note on Friday, September 11th. They set an "underweight" rating and a $19.00 price objective on the stock. Weiss Ratings reiterated a "sell (d+)" rating on shares of Yelp in a research report on Friday, August 7th. Finally, Morgan Stanley lowered their price objective on shares of Yelp from $24.00 to $17.00 and set an "underweight" rating on the stock in a research note on Tuesday, October 13th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Reduce" and a consensus price target of $25.57.
Read Our Latest Research Report on YELP
About Yelp
(
Get Free Report)
Yelp Inc operates an online platform that connects consumers with local businesses. Its website and mobile application allow users to search for businesses, read and contribute reviews, view photos and other business information, and discover providers across categories such as restaurants, home services, beauty, automotive, and health care.
The company generates revenue primarily by offering businesses advertising and other marketing solutions designed to help them reach customers on Yelp.
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