Yelp (NYSE:YELP) Insider Craig Saldanha Sells 1,200 Shares of Stock

Yelp Inc. (NYSE:YELP) insider Craig Saldanha sold 1,200 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $28.62, for a total transaction of $34,344.00. Following the sale, the insider directly owned 193,279 shares in the company, valued at approximately $5,531,644.98. The trade was a 0.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Craig Saldanha also recently made the following trade(s):

• On Monday, November 3rd, Craig Saldanha sold 1,200 shares of Yelp stock. The shares were sold at an average price of $32.98, for a total value of $39,576.00.
• On Wednesday, October 1st, Craig Saldanha sold 1,200 shares of Yelp stock. The stock was sold at an average price of $30.93, for a total value of $37,116.00.
• On Tuesday, September 2nd, Craig Saldanha sold 1,200 shares of Yelp stock. The shares were sold at an average price of $31.17, for a total value of $37,404.00.

Yelp Price Performance

Yelp stock opened at $28.63 on Tuesday. The stock has a market capitalization of $1.76 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 0.81 and a beta of 0.99. The business has a 50 day simple moving average of $31.08 and a 200-day simple moving average of $33.09. Yelp Inc. has a 12 month low of $27.29 and a 12 month high of $41.72.

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

Institutional Investors Weigh In On Yelp

Large investors have recently made changes to their positions in the stock. Cetera Investment Advisers lifted its position in Yelp by 25.5% during the first quarter. Cetera Investment Advisers now owns 7,410 shares of the local business review company’s stock worth $274,000 after buying an additional 1,504 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Yelp by 6.2% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,424 shares of the local business review company’s stock worth $571,000 after acquiring an additional 894 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of Yelp by 6.3% during the 1st quarter. Federated Hermes Inc. now owns 39,129 shares of the local business review company’s stock worth $1,449,000 after acquiring an additional 2,332 shares during the period. Vestcor Inc boosted its position in shares of Yelp by 178.4% during the 1st quarter. Vestcor Inc now owns 14,391 shares of the local business review company’s stock valued at $533,000 after acquiring an additional 9,221 shares during the last quarter. Finally, Alberta Investment Management Corp grew its holdings in shares of Yelp by 64.8% in the first quarter. Alberta Investment Management Corp now owns 43,500 shares of the local business review company’s stock valued at $1,611,000 after purchasing an additional 17,100 shares during the period. 90.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

YELP has been the subject of a number of research reports. Evercore ISI cut their target price on shares of Yelp from $45.00 to $38.00 and set an “outperform” rating for the company in a research note on Monday, November 10th. JPMorgan Chase & Co. cut their price objective on Yelp from $33.00 to $30.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Bank of America reduced their target price on Yelp from $31.00 to $30.00 and set an “underperform” rating for the company in a report on Friday, August 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Yelp in a research note on Tuesday, October 14th. Finally, Wall Street Zen downgraded Yelp from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus 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.