Carmen Amara Sells 1,500 Shares of Yelp (NYSE:YELP) Stock

Yelp Inc. (NYSE:YELP) insider Carmen Amara sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $33.04, for a total value of $49,560.00. Following the transaction, the insider owned 82,566 shares in the company, valued at $2,727,980.64. The trade was a 1.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Thursday, September 25th, Carmen Amara sold 1,500 shares of Yelp stock. The stock was sold at an average price of $31.37, for a total value of $47,055.00.
• On Monday, August 25th, Carmen Amara sold 1,500 shares of Yelp stock. The stock was sold at an average price of $32.33, for a total value of $48,495.00.

Yelp Trading Down 1.6%

NYSE YELP opened at $32.47 on Wednesday. The business’s 50 day moving average is $31.93 and its two-hundred day moving average is $34.08. Yelp Inc. has a 12-month low of $29.96 and a 12-month high of $41.72. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 0.83 and a beta of 0.98.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Campbell & CO Investment Adviser LLC lifted its stake in shares of Yelp by 96.1% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 24,565 shares of the local business review company’s stock worth $766,000 after purchasing an additional 12,039 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Yelp by 8.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 12,519 shares of the local business review company’s stock worth $391,000 after purchasing an additional 1,000 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of Yelp during the 3rd quarter worth $620,000. Benjamin Edwards Inc. purchased a new position in shares of Yelp during the 3rd quarter worth $364,000. Finally, SG Americas Securities LLC lifted its stake in shares of Yelp by 36.0% during the 3rd quarter. SG Americas Securities LLC now owns 4,638 shares of the local business review company’s stock worth $145,000 after purchasing an additional 1,228 shares during the period. Hedge funds and other institutional investors own 90.11% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Evercore ISI set a $45.00 price target on Yelp and gave the stock an “outperform” rating in a research note on Monday, October 13th. Zacks Research raised Yelp from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of Yelp in a research note on Tuesday, October 14th. The Goldman Sachs Group set a $33.00 target price on Yelp in a research note on Tuesday, October 14th. Finally, Wall Street Zen lowered Yelp from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $35.00.

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.