Yelp (NYSE:YELP) Reaches New 12-Month Low – What’s Next?

Yelp Inc. (NYSE:YELP) reached a new 52-week low on Friday . The company traded as low as $28.97 and last traded at $29.16, with a volume of 444497 shares changing hands. The stock had previously closed at $32.13.

Wall Street Analyst Weigh In

YELP has been the topic of several analyst reports. Bank of America lowered 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. The Goldman Sachs Group set a $33.00 price target on Yelp in a research report on Tuesday, October 14th. Zacks Research cut Yelp from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. Evercore ISI set a $45.00 target price on shares of Yelp and gave the company an “outperform” rating in a research note on Monday, October 13th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Yelp in a research report on Tuesday, October 14th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $34.60.

Yelp Stock Down 10.0%

The company has a market cap of $1.82 billion, a P/E ratio of 13.08, a PEG ratio of 0.81 and a beta of 0.99. The firm has a fifty day moving average price of $31.97 and a 200 day moving average price of $33.99.

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 business had revenue of $376.04 million during the quarter, compared to analysts’ expectations of $368.39 million. Yelp had a return on equity of 20.17% and a net margin of 10.28%.The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.56 earnings per share. Yelp has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, sell-side analysts anticipate that Yelp Inc. will post 2.22 earnings per share for the current year.

Insider Transactions at Yelp

In other Yelp news, insider Craig Saldanha sold 1,200 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $32.98, for a total value of $39,576.00. Following the transaction, the insider directly owned 201,300 shares in the company, valued at approximately $6,638,874. This trade represents a 0.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David A. Schwarzbach sold 10,000 shares of the business’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $31.43, for a total value of $314,300.00. Following the sale, the chief financial officer owned 180,196 shares of the company’s stock, valued at approximately $5,663,560.28. The trade was a 5.26% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 39,100 shares of company stock worth $1,254,036. Corporate insiders own 8.00% of the company’s stock.

Institutional Trading of Yelp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bfsg LLC boosted its stake in shares of Yelp by 110.3% in 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. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Yelp in the second quarter valued at approximately $28,000. MAI Capital Management grew its holdings in 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 acquiring an additional 1,102 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Yelp during the 1st quarter worth $52,000. Finally, Strs Ohio bought a new stake in shares of Yelp during the 1st quarter valued at $56,000. 90.11% of the stock is currently owned by institutional investors and hedge funds.

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.