David Schwarzbach Sells 7,500 Shares of Yelp (NYSE:YELP) Stock

Yelp Inc. (NYSE:YELP) CFO David Schwarzbach sold 7,500 shares of the stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $26.60, for a total transaction of $199,500.00. Following the transaction, the chief financial officer directly owned 209,300 shares of the company’s stock, valued at $5,567,380. The trade was a 3.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Yelp Price Performance

Shares of NYSE:YELP traded up $0.50 during mid-day trading on Friday, reaching $27.92. 698,742 shares of the company were exchanged, compared to its average volume of 1,366,074. Yelp Inc. has a 1 year low of $19.60 and a 1 year high of $41.22. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 12.41, a P/E/G ratio of 0.68 and a beta of 0.47. The firm’s 50-day simple moving average is $23.87 and its 200 day simple moving average is $27.98.

Yelp (NYSE:YELP) last issued its quarterly earnings results on Thursday, February 12th. The local business review company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.47 by $0.14. Yelp had a net margin of 9.94% and a return on equity of 19.96%. The company had revenue of $359.99 million during the quarter, compared to analysts’ expectations of $358.70 million. During the same quarter last year, the company posted $0.62 EPS. The firm’s revenue was down .5% compared to the same quarter last year. On average, research analysts forecast that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Robert W. Baird set a $25.00 price target on shares of Yelp in a research report on Friday, February 13th. Wall Street Zen cut shares of Yelp from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Zacks Research cut shares of Yelp from a “hold” rating to a “strong sell” rating in a research report on Wednesday. The Goldman Sachs Group decreased their price target on shares of Yelp from $33.00 to $25.00 and set a “neutral” rating for the company in a research report on Tuesday, February 17th. Finally, UBS Group set a $28.00 price target on shares of Yelp in a research report on Tuesday, January 13th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $28.50.

Institutional Investors Weigh In On Yelp

Several institutional investors have recently modified their holdings of the company. Hsbc Holdings PLC lifted its position in shares of Yelp by 33.5% during the 4th quarter. Hsbc Holdings PLC now owns 40,633 shares of the local business review company’s stock worth $1,231,000 after purchasing an additional 10,204 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Yelp by 71.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,158 shares of the local business review company’s stock worth $35,000 after purchasing an additional 482 shares during the last quarter. Corient Private Wealth LLC lifted its position in shares of Yelp by 5.9% during the 4th quarter. Corient Private Wealth LLC now owns 8,302 shares of the local business review company’s stock worth $252,000 after purchasing an additional 464 shares during the last quarter. River Road Asset Management LLC lifted its position in shares of Yelp by 1.4% during the 4th quarter. River Road Asset Management LLC now owns 1,161,711 shares of the local business review company’s stock worth $35,304,000 after purchasing an additional 15,849 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of Yelp during the 4th quarter worth $353,000. 90.11% of the stock is owned by hedge funds and other institutional investors.

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.