Insider Selling: Yelp (NYSE:YELP) CFO Sells 9,611 Shares of Stock

Yelp Inc. (NYSE:YELP) CFO David Schwarzbach sold 9,611 shares of the business’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $29.31, for a total transaction of $281,698.41. Following the completion of the transaction, the chief financial officer owned 141,127 shares in the company, valued at $4,136,432.37. The trade was a 6.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Yelp Stock Down 1.1%

Shares of Yelp stock traded down $0.32 during trading on Wednesday, reaching $29.06. 948,670 shares of the stock were exchanged, compared to its average volume of 844,027. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 13.15, a price-to-earnings-growth ratio of 0.81 and a beta of 0.99. Yelp Inc. has a 1 year low of $27.29 and a 1 year high of $41.72. The stock’s fifty day moving average is $31.32 and its 200 day moving average is $33.42.

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

Institutional Investors Weigh In On Yelp

Several hedge funds have recently added to or reduced their stakes in YELP. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Yelp during the second quarter valued at $28,000. Bfsg LLC grew its position in Yelp by 110.3% during the 3rd quarter. Bfsg LLC now owns 839 shares of the local business review company’s stock valued at $26,000 after purchasing an additional 440 shares during the last quarter. CIBC Private Wealth Group LLC increased its stake in Yelp by 100.0% during 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 purchasing an additional 446 shares in the last quarter. MAI Capital Management raised its holdings in Yelp by 1,102.0% in the second quarter. MAI Capital Management now owns 1,202 shares of the local business review company’s stock worth $41,000 after buying an additional 1,102 shares during the last quarter. Finally, Strs Ohio bought a new position in shares of Yelp in the first quarter worth approximately $56,000. 90.11% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

YELP has been the topic of several recent analyst reports. Zacks Research cut shares of Yelp from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. Evercore ISI reduced their price target on shares of Yelp from $45.00 to $38.00 and set an “outperform” rating on the stock in a research report on Monday, November 10th. JPMorgan Chase & Co. lowered their price objective on shares of Yelp from $33.00 to $30.00 and set a “neutral” rating for the company in a report on Monday, November 10th. The Goldman Sachs Group set a $33.00 price objective on Yelp in a research report on Tuesday, October 14th. Finally, Bank of America decreased their target price on Yelp from $31.00 to $30.00 and set an “underperform” rating for the company in a research report on Friday, August 8th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Yelp currently has an average rating of “Reduce” and an average target price of $32.20.

About Yelp

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.