Key Points
- Yelp CFO David Schwarzbach sold 7,500 shares at $20 each for $150,000 under a pre-arranged Rule 10b5-1 trading plan, reducing his position by 4.34% to 165,466 shares.
- Yelp’s latest quarterly results exceeded expectations, with earnings of $0.57 per share versus the $0.36 consensus and revenue of $375.52 million, up 1.4% year over year.
- Analyst sentiment remains cautious: Yelp has a consensus “Reduce” rating, with one Buy, three Hold and three Sell ratings; the average price target is $25.57.
Yelp Inc. (NYSE:YELP - Get Free Report) CFO David Schwarzbach sold 7,500 shares of the business's stock in a transaction on Wednesday, October 21st. The stock was sold at an average price of $20.00, for a total transaction of $150,000.00. Following the completion of the transaction, the chief financial officer owned 165,466 shares in the company, valued at $3,309,320. This represents a 4.34% decrease in their position. The sale 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.
Yelp Stock Performance
NYSE:YELP opened at $19.97 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.75 and a quick ratio of 1.75. The firm has a 50-day moving average of $20.55 and a two-hundred day moving average of $23.51. The stock has a market cap of $1.08 billion, a P/E ratio of 9.56, a PEG ratio of 1.86 and a beta of 0.45. Yelp Inc. has a 1-year low of $17.26 and a 1-year high of $34.49.
Yelp (NYSE:YELP - Get Free Report) last announced its earnings results on Thursday, August 6th. The local business review company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.21. Yelp had a return on equity of 19.52% and a net margin of 8.59%. The company had revenue of $375.52 million during the quarter, compared to the consensus estimate of $366.89 million. During the same period last year, the firm earned $0.67 earnings per share. The company's revenue was up 1.4% on a year-over-year basis. On average, research analysts expect that Yelp Inc. will post 1.86 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Yelp
A number of hedge funds have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. grew its position in shares of Yelp by 71.3% during 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. Pictet Asset Management Holding SA grew its position in Yelp by 16.9% in the 1st quarter. Pictet Asset Management Holding SA now owns 11,482 shares of the local business review company's stock valued at $284,000 after buying an additional 1,656 shares in the last quarter. Essential Partners LLC boosted 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 acquiring an additional 1,938 shares in the last quarter. QRG Capital Management Inc. increased its position in shares of Yelp by 17.9% during the 2nd quarter. QRG Capital Management Inc. now owns 14,898 shares of the local business review company's stock valued at $365,000 after purchasing an additional 2,264 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in Yelp during the second quarter valued at about $61,000. Institutional investors and hedge funds own 90.11% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have weighed in on YELP shares. JPMorgan Chase & Co. initiated coverage on Yelp in a research note on Friday, September 11th. They set an "underweight" rating and a $19.00 price objective for the company. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Yelp in a research report on Friday, August 7th. Finally, Morgan Stanley reduced their target price on Yelp from $24.00 to $17.00 and set an "underweight" rating for the company in a research note on Tuesday, October 13th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Yelp presently has a consensus rating of "Reduce" and an average target price of $25.57.
Get Our Latest Stock Analysis on YELP
About Yelp
(
Get Free Report)
Yelp Inc operates an online platform that helps consumers discover and evaluate local businesses. Through its website and mobile applications, Yelp provides business listings, user-generated reviews, ratings, photos and other information across categories such as restaurants, home services, beauty and fitness, automotive, health and professional services.
The company generates revenue primarily by providing businesses with advertising and marketing solutions designed to increase their visibility and connect them with potential customers.
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