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

Yelp Inc. (NYSE:YELPGet Free Report) insider Carmen Amara sold 1,000 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $24.00, for a total value of $24,000.00. Following the transaction, the insider directly owned 130,724 shares in the company, valued at $3,137,376. This trade represents a 0.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 value 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 value of $11,175.00.

Yelp Stock Performance

NYSE YELP opened at $23.77 on Wednesday. The stock’s fifty day moving average is $25.16 and its two-hundred day moving average is $26.27. The firm has a market capitalization of $1.31 billion, a P/E ratio of 10.85, a price-to-earnings-growth ratio of 2.46 and a beta of 0.47. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.74 and a current ratio of 1.74. Yelp Inc. has a fifty-two week low of $19.60 and a fifty-two week high of $37.55.

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

Hedge Funds Weigh In On Yelp

Several hedge funds have recently bought and sold shares of the company. Essential Partners LLC lifted its stake in Yelp by 225.9% during the 1st quarter. Essential Partners LLC now owns 2,796 shares of the local business review company’s stock worth $69,000 after acquiring an additional 1,938 shares in the last quarter. Bank of America Corp DE lifted its stake in Yelp by 73.8% during the 1st quarter. Bank of America Corp DE now owns 562,739 shares of the local business review company’s stock worth $13,922,000 after acquiring an additional 238,993 shares in the last quarter. Edgestream Partners L.P. lifted its stake in Yelp by 1.9% during the 1st quarter. Edgestream Partners L.P. now owns 155,897 shares of the local business review company’s stock worth $3,857,000 after acquiring an additional 2,883 shares in the last quarter. Amundi lifted its stake in Yelp by 20.8% during the 1st quarter. Amundi now owns 77,597 shares of the local business review company’s stock worth $1,920,000 after acquiring an additional 13,342 shares in the last quarter. Finally, California State Teachers Retirement System lifted its stake in Yelp by 36.1% during the 1st quarter. California State Teachers Retirement System now owns 79,142 shares of the local business review company’s stock worth $1,958,000 after acquiring an additional 20,975 shares in the last quarter. Institutional investors and hedge funds own 90.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on YELP shares. Evercore set a $30.00 price target on Yelp in a research note on Monday, May 11th. Morgan Stanley decreased their price target on Yelp from $28.00 to $24.00 and set an “underweight” rating on the stock in a research note on Friday, May 15th. The Goldman Sachs Group decreased their price target on Yelp from $33.00 to $25.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 17th. Zacks Research raised Yelp from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 14th. Finally, JPMorgan Chase & Co. upped their price target on Yelp from $22.00 to $26.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Yelp has a consensus rating of “Reduce” and an average target price of $27.88.

Check Out Our Latest Stock Analysis on Yelp

Yelp Company Profile

(Get Free Report)

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.

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