Yelp (NYSE:YELP) CFO David Schwarzbach Sells 7,500 Shares of Company Stock

Yelp Inc. (NYSE:YELP) CFO David Schwarzbach sold 7,500 shares of the company’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 transaction, the chief financial officer owned 165,466 shares in the company, valued at approximately $3,309,320. The trade was a 4.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Yelp Stock Down 3.5%

Shares of Yelp stock traded down $0.73 during trading hours on Friday, reaching $19.97. The company’s stock had a trading volume of 977,006 shares, compared to its average volume of 1,285,725. Yelp Inc. has a one year low of $17.26 and a one year high of $34.49. The company has a market capitalization of $1.08 billion, a P/E ratio of 9.56, a P/E/G ratio of 1.78 and a beta of 0.45. The stock’s fifty day simple moving average is $20.64 and its two-hundred day simple moving average is $23.54. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.75 and a current ratio of 1.75.

Yelp (NYSE:YELP) last issued its quarterly earnings data on Thursday, August 6th. The local business review company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.21. The firm had revenue of $375.52 million during the quarter, compared to analysts’ expectations of $366.89 million. Yelp had a net margin of 8.59% and a return on equity of 19.52%. The business’s revenue was up 1.4% on a year-over-year basis. During the same period last year, the company earned $0.67 earnings per share. On average, research analysts forecast that Yelp Inc. will post 1.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on YELP. Morgan Stanley cut their price target on Yelp from $24.00 to $17.00 and set an “underweight” rating for the company in a research note on Tuesday, October 13th. JPMorgan Chase & Co. started coverage on Yelp in a report on Friday, September 11th. They set an “underweight” rating and a $19.00 price objective for the company. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Yelp in a research note on Friday, August 7th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $25.57.

Hedge Funds Weigh In On Yelp

Several large investors have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. boosted its holdings 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 acquiring an additional 482 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Yelp in the 2nd quarter worth $61,000. Essential Partners LLC grew its stake in shares of Yelp by 225.9% in the 1st quarter. Essential Partners LLC now owns 2,796 shares of the local business review company’s stock worth $69,000 after acquiring an additional 1,938 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Yelp by 428.4% in the 1st quarter. Parallel Advisors LLC now owns 3,720 shares of the local business review company’s stock worth $92,000 after acquiring an additional 3,016 shares in the last quarter. Finally, Nykredit A S purchased a new stake in shares of Yelp in the second quarter valued at about $128,000. 90.11% of the stock is currently owned by institutional investors.

Yelp Company Profile

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.