Yelp (NYSE:YELP) CFO David Schwarzbach Sells 10,000 Shares of Stock

Yelp Inc. (NYSE:YELP) CFO David Schwarzbach sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $33.58, for a total value of $335,800.00. Following the sale, the chief financial officer owned 160,196 shares in the company, valued at $5,379,381.68. This trade represents a 5.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Yelp Trading Down 0.5%

Shares of YELP stock opened at $33.54 on Thursday. The company has a market capitalization of $2.11 billion, a P/E ratio of 15.17, a P/E/G ratio of 0.85 and a beta of 0.98. The business’s 50 day moving average is $31.67 and its two-hundred day moving average is $34.27. Yelp Inc. has a 12-month low of $29.96 and a 12-month high of $41.72.

Yelp (NYSE:YELP) last announced its earnings results on Thursday, August 7th. The local business review company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.19. The business had revenue of $370.39 million during the quarter, compared to the consensus estimate of $365.71 million. Yelp had a return on equity of 20.17% and a net margin of 10.28%.The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.54 EPS. Yelp has set its FY 2025 guidance at EPS. On average, research analysts predict that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Yelp in the 2nd quarter valued at approximately $28,000. MAI Capital Management increased its holdings in Yelp by 1,102.0% in the 2nd quarter. MAI Capital Management now owns 1,202 shares of the local business review company’s stock valued at $41,000 after purchasing an additional 1,102 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Yelp by 307.4% in the 1st quarter. Farther Finance Advisors LLC now owns 1,096 shares of the local business review company’s stock valued at $42,000 after purchasing an additional 827 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Yelp during the first quarter worth $52,000. Finally, Strs Ohio purchased a new position in shares of Yelp during the first quarter worth $56,000. Institutional investors and hedge funds own 90.11% of the company’s stock.

Wall Street Analyst Weigh In

YELP has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Yelp in a research note on Tuesday. Zacks Research raised shares of Yelp from a “hold” rating to a “strong-buy” rating in a report on Monday. The Goldman Sachs Group set a $33.00 target price on shares of Yelp in a report on Tuesday. Bank of America decreased their target price on shares of Yelp from $31.00 to $30.00 and set an “underperform” rating on the stock in a report on Friday, August 8th. Finally, Wall Street Zen lowered shares of Yelp from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $35.00.

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.