Carmen Amara Sells 500 Shares of Yelp (NYSE:YELP) Stock

Yelp Inc. (NYSE:YELP) insider Carmen Amara sold 500 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $28.82, for a total transaction of $14,410.00. Following the transaction, the insider owned 76,878 shares in the company, valued at approximately $2,215,623.96. This represents a 0.65% 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.

Carmen Amara also recently made the following trade(s):

• On Monday, October 27th, Carmen Amara sold 1,500 shares of Yelp stock. The stock was sold at an average price of $33.04, for a total value of $49,560.00.
• On Thursday, September 25th, Carmen Amara sold 1,500 shares of Yelp stock. The shares were sold at an average price of $31.37, for a total value of $47,055.00.

Yelp Trading Up 2.5%

YELP stock traded up $0.73 during mid-day trading on Tuesday, hitting $29.37. The stock had a trading volume of 1,563,460 shares, compared to its average volume of 843,534. Yelp Inc. has a 1-year low of $27.29 and a 1-year high of $41.72. The company has a fifty day moving average of $31.36 and a 200 day moving average of $33.48. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 0.81 and a beta of 0.99.

Yelp (NYSE:YELP) last announced its quarterly earnings results on Thursday, November 6th. The local business review company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.47 by $0.14. Yelp had a return on equity of 20.17% and a net margin of 10.28%.The business had revenue of $376.04 million during the quarter, compared to analysts’ expectations of $368.39 million. During the same quarter in the previous year, the business posted $0.56 EPS. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. Yelp has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, sell-side analysts expect that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Yelp

Several hedge funds have recently modified their holdings of the business. Bfsg LLC increased its position in Yelp by 110.3% during the third quarter. Bfsg LLC now owns 839 shares of the local business review company’s stock worth $26,000 after acquiring an additional 440 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Yelp in the 2nd quarter valued at $28,000. CIBC Private Wealth Group LLC grew its position in 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 worth $28,000 after purchasing an additional 446 shares during the last quarter. MAI Capital Management increased its holdings in shares of Yelp by 1,102.0% during the 2nd quarter. MAI Capital Management now owns 1,202 shares of the local business review company’s stock worth $41,000 after purchasing an additional 1,102 shares during the period. Finally, Strs Ohio acquired a new position in shares of Yelp during the first quarter valued at about $56,000. 90.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

YELP has been the topic of a number of recent research reports. The Goldman Sachs Group set a $33.00 price target on shares of Yelp in a report on Tuesday, October 14th. Zacks Research lowered Yelp from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. Wall Street Zen downgraded Yelp from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Evercore ISI lowered their price objective on Yelp from $45.00 to $38.00 and set an “outperform” rating on the stock in a report on Monday, November 10th. Finally, Bank of America cut their price objective on Yelp from $31.00 to $30.00 and set an “underperform” rating on the stock in a research note on Friday, August 8th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $32.20.

Yelp Company Profile

Yelp Inc operates a platform that connects consumers with local businesses in the United States and internationally. The company's platform covers various categories, including restaurants, shopping, beauty and fitness, health, and other categories, as well as home, local, auto, professional, pets, events, real estate, and financial services.