Yelp (NYSE:YELP) Insider Sells $24,000.00 in Stock

Yelp Inc. (NYSE:YELP) insider Carmen Amara sold 1,000 shares of Yelp stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $24.00, for a total transaction of $24,000.00. Following the sale, the insider owned 130,724 shares of the company’s stock, valued at approximately $3,137,376. This trade represents a 0.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 stock was sold at an average price of $22.84, for a total transaction of $11,420.00.
• 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 transaction of $11,175.00.

Yelp Stock Performance

Shares of NYSE YELP opened at $22.99 on Friday. The company has a market cap of $1.26 billion, a PE ratio of 10.50, a price-to-earnings-growth ratio of 2.60 and a beta of 0.47. Yelp Inc. has a 12 month low of $19.60 and a 12 month high of $36.33. 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 company has a 50-day simple moving average of $25.11 and a 200-day simple moving average of $26.20.

Yelp (NYSE:YELP) last issued its quarterly earnings results on Thursday, May 7th. The local business review company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The business had revenue of $361.46 million during the quarter, compared to the consensus estimate of $353.47 million. Yelp had a net margin of 9.47% and a return on equity of 20.19%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.36 earnings per share. On average, equities analysts anticipate that Yelp Inc. will post 1.85 earnings per share for the current year.

Institutional Investors Weigh In On Yelp

Institutional investors have recently bought and sold shares of the business. CIBC Private Wealth Group LLC raised its stake in shares of Yelp by 100.0% in 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. Fifth Third Bancorp boosted its position in Yelp by 70.4% during the 4th quarter. Fifth Third Bancorp now owns 1,159 shares of the local business review company’s stock worth $35,000 after purchasing an additional 479 shares during the period. Rockefeller Capital Management L.P. boosted its position in 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 worth $35,000 after purchasing an additional 482 shares during the period. Hantz Financial Services Inc. boosted its position in Yelp by 181.3% during the 4th quarter. Hantz Financial Services Inc. now owns 1,297 shares of the local business review company’s stock worth $39,000 after purchasing an additional 836 shares during the period. Finally, Hudson Bay Capital Management LP purchased a new stake in Yelp during the 3rd quarter worth $55,000. 90.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Wall Street Zen downgraded shares of Yelp from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. JPMorgan Chase & Co. raised their target price on shares of Yelp from $22.00 to $26.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Evercore set a $30.00 price target on shares of Yelp in a research report on Monday, May 11th. The Goldman Sachs Group cut their price target on shares of Yelp from $33.00 to $25.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 17th. Finally, Zacks Research upgraded shares of Yelp from a “strong sell” rating to a “hold” rating in a report on Thursday, May 14th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $27.88.

Yelp Company Profile

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.