Carmen Amara Sells 1,000 Shares of Yelp (NYSE:YELP) Stock

Yelp Inc. (NYSE:YELP) insider Carmen Amara sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $24.00, for a total transaction of $24,000.00. Following the sale, the insider owned 130,724 shares of the company’s stock, valued at $3,137,376. This represents a 0.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, June 1st, Carmen Amara sold 500 shares of Yelp stock. The stock was sold at an average price of $22.84, for a total transaction of $11,420.00.
• On Thursday, May 21st, Carmen Amara sold 500 shares of Yelp stock. The stock was sold at an average price of $22.35, for a total transaction of $11,175.00.

Yelp Stock Up 2.5%

Shares of NYSE:YELP opened at $24.33 on Thursday. The company has a market capitalization of $1.34 billion, a PE ratio of 11.11, a P/E/G ratio of 2.54 and a beta of 0.47. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.21. Yelp Inc. has a twelve month low of $19.60 and a twelve month high of $37.39. The firm has a 50 day simple moving average of $25.15 and a 200-day simple moving average of $26.24.

Yelp (NYSE:YELP) last issued its quarterly earnings data on Thursday, May 7th. The local business review company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.04. The business had revenue of $361.46 million during the quarter, compared to the consensus estimate of $353.47 million. Yelp had a net margin of 9.47% and a return on equity of 20.19%. The company’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.36 EPS. On average, equities analysts predict that Yelp Inc. will post 1.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on YELP. Robert W. Baird set a $28.00 target price on shares of Yelp in a report on Friday, May 8th. Zacks Research raised shares of Yelp from a “strong sell” rating to a “hold” rating in a report on Thursday, May 14th. Morgan Stanley cut their target price on shares of Yelp from $28.00 to $24.00 and set an “underweight” rating on the stock in a report on Friday, May 15th. Evercore set a $30.00 target price on shares of Yelp in a report on Monday, May 11th. Finally, Wall Street Zen cut shares of Yelp from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Yelp currently has an average rating of “Reduce” and an average price target of $27.88.

Hedge Funds Weigh In On Yelp

Several institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System increased its stake in Yelp by 0.7% in the 2nd quarter. California State Teachers Retirement System now owns 58,298 shares of the local business review company’s stock valued at $1,998,000 after buying an additional 393 shares during the period. PNC Financial Services Group Inc. increased its stake in Yelp by 6.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,204 shares of the local business review company’s stock valued at $219,000 after buying an additional 408 shares during the period. Pinnacle Holdings LLC increased its stake in Yelp by 1.2% in the 3rd quarter. Pinnacle Holdings LLC now owns 35,838 shares of the local business review company’s stock valued at $1,118,000 after buying an additional 413 shares during the period. CWA Asset Management Group LLC increased its stake in Yelp by 2.2% in the 4th quarter. CWA Asset Management Group LLC now owns 19,871 shares of the local business review company’s stock valued at $604,000 after buying an additional 436 shares during the period. Finally, CIBC Private Wealth Group LLC increased its stake in Yelp by 100.0% in 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 buying an additional 446 shares during the period. 90.11% of the stock is owned by institutional investors and hedge funds.

Yelp Company Profile

Yelp is a digital platform that connects consumers with local businesses through user-generated reviews, ratings and multimedia content. The company’s flagship offerings include the Yelp website and mobile applications for iOS and Android, where users can search for and discover restaurants, shops, service providers and other points of interest. In addition to crowd-sourced reviews and photographs, Yelp provides business profile pages featuring hours, contact information, menus and direct messaging capabilities.

Yelp generates revenue primarily through advertising services sold to small and medium-sized enterprises.