Yelp Inc. (NYSE:YELP - Get Free Report) CFO David A. Schwarzbach sold 10,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $34.80, for a total value of $348,000.00. Following the completion of the sale, the chief financial officer now directly owns 242,916 shares of the company's stock, valued at approximately $8,453,476.80. This trade represents a 3.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Yelp Price Performance
Shares of Yelp stock traded down $0.76 during trading hours on Monday, reaching $33.55. The company had a trading volume of 756,378 shares, compared to its average volume of 697,614. Yelp Inc. has a one year low of $32.56 and a one year high of $41.72. The business has a fifty day simple moving average of $38.77 and a 200 day simple moving average of $36.67. The firm has a market cap of $2.21 billion, a PE ratio of 17.47, a price-to-earnings-growth ratio of 0.76 and a beta of 1.33.
Yelp (NYSE:YELP - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The local business review company reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.09. The firm had revenue of $361.95 million during the quarter, compared to analyst estimates of $350.73 million. Yelp had a return on equity of 18.07% and a net margin of 9.41%. On average, research analysts forecast that Yelp Inc. will post 2.22 EPS for the current year.
Wall Street Analyst Weigh In
Several analysts have recently commented on the company. StockNews.com raised Yelp from a "buy" rating to a "strong-buy" rating in a research note on Monday, November 11th. Robert W. Baird decreased their price target on Yelp from $39.00 to $37.00 and set a "neutral" rating for the company in a research report on Friday, November 8th. Evercore ISI raised Yelp to a "hold" rating in a report on Monday, November 11th. Finally, Morgan Stanley increased their price objective on Yelp from $34.00 to $35.00 and gave the company an "underweight" rating in a report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Yelp has a consensus rating of "Hold" and an average price target of $37.17.
Check Out Our Latest Analysis on YELP
Institutional Investors Weigh In On Yelp
Several large investors have recently added to or reduced their stakes in YELP. Creative Planning boosted its stake in Yelp by 168.6% during the third quarter. Creative Planning now owns 19,131 shares of the local business review company's stock valued at $671,000 after buying an additional 12,008 shares during the period. Signaturefd LLC boosted its stake in Yelp by 98.5% during the third quarter. Signaturefd LLC now owns 1,175 shares of the local business review company's stock valued at $41,000 after buying an additional 583 shares during the period. International Assets Investment Management LLC boosted its stake in Yelp by 9,073.1% during the third quarter. International Assets Investment Management LLC now owns 2,385 shares of the local business review company's stock valued at $84,000 after buying an additional 2,359 shares during the period. US Bancorp DE boosted its stake in Yelp by 18.9% during the third quarter. US Bancorp DE now owns 19,546 shares of the local business review company's stock valued at $686,000 after buying an additional 3,101 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Yelp by 114.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 279,180 shares of the local business review company's stock valued at $9,794,000 after buying an additional 148,917 shares during the period. Institutional investors own 90.11% of the company's stock.
Yelp Company Profile
(
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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.
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