Yelp (NYSE:YELP) Insider Sells $11,070.00 in Stock

Yelp Inc. (NYSE:YELP) insider Carmen Amara sold 500 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $22.14, for a total transaction of $11,070.00. Following the transaction, the insider owned 100,536 shares in the company, valued at $2,225,867.04. The trade was a 0.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, June 5th, Carmen Amara sold 1,000 shares of Yelp stock. The stock was sold at an average price of $24.00, for a total transaction of $24,000.00.

Yelp Trading Down 1.0%

Shares of Yelp stock traded down $0.22 during trading on Thursday, reaching $22.20. The company’s stock had a trading volume of 1,104,160 shares, compared to its average volume of 1,268,912. Yelp Inc. has a 52-week low of $19.60 and a 52-week high of $34.49. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 2.05 and a beta of 0.43. The firm’s 50-day moving average is $25.00 and its two-hundred day moving average is $24.48. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.16.

Yelp (NYSE:YELP) last released its earnings results on Thursday, August 6th. The local business review company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.36 by $0.21. The company had revenue of $375.52 million for the quarter, compared to analyst estimates of $366.89 million. Yelp had a net margin of 8.59% and a return on equity of 19.52%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.67 EPS. On average, sell-side analysts anticipate that Yelp Inc. will post 1.82 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on YELP shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Yelp in a report on Friday, August 7th. Robert W. Baird set a $28.00 price target on Yelp in a research report on Friday, May 8th. JPMorgan Chase & Co. lifted their price target on Yelp from $22.00 to $26.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Evercore set a $30.00 price objective on Yelp in a research report on Monday, May 11th. Finally, Zacks Research raised Yelp from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 14th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Yelp has a consensus rating of “Reduce” and a consensus target price of $27.57.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of YELP. CIBC Private Wealth Group LLC raised its position in Yelp by 100.0% during 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 purchasing an additional 446 shares during the last quarter. Fifth Third Bancorp grew its position in shares of Yelp by 70.4% in the 4th quarter. Fifth Third Bancorp now owns 1,159 shares of the local business review company’s stock worth $35,000 after buying an additional 479 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of Yelp by 71.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,158 shares of the local business review company’s stock valued at $35,000 after buying an additional 482 shares during the period. Hantz Financial Services Inc. increased its stake in shares of Yelp by 181.3% during the fourth quarter. Hantz Financial Services Inc. now owns 1,297 shares of the local business review company’s stock valued at $39,000 after buying an additional 836 shares during the period. Finally, Strs Ohio bought a new position in shares of Yelp during the first quarter valued at approximately $56,000. Hedge funds and other institutional investors own 90.11% of the company’s stock.

About Yelp

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.