Yelp (NYSE:YELP) Hits New 12-Month Low – What’s Next?

Yelp Inc. (NYSE:YELP)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $27.75 and last traded at $27.6440, with a volume of 372570 shares. The stock had previously closed at $28.31.

Analyst Ratings Changes

A number of brokerages have commented on YELP. Evercore ISI decreased their price objective on Yelp from $45.00 to $38.00 and set an “outperform” rating for the company in a research report on Monday, November 10th. Weiss Ratings restated a “hold (c-)” rating on shares of Yelp in a report on Tuesday, October 14th. Bank of America lowered their price objective on shares of Yelp from $31.00 to $30.00 and set an “underperform” rating on the stock in a research report on Friday, August 8th. Wall Street Zen downgraded shares of Yelp from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, The Goldman Sachs Group set a $33.00 target price on shares of Yelp in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce” and an average target price of $32.20.

Yelp Stock Up 2.5%

The company’s 50-day simple moving average is $31.56 and its 200 day simple moving average is $33.67. The company has a market capitalization of $1.82 billion, a P/E ratio of 13.04, a P/E/G ratio of 0.81 and a beta of 0.99.

Yelp (NYSE:YELP) last released its quarterly earnings data on Thursday, November 6th. The local business review company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.14. The business had revenue of $376.04 million during the quarter, compared to analyst estimates of $368.39 million. Yelp had a net margin of 10.28% and a return on equity of 20.17%. Yelp’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.56 EPS. Yelp has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities research analysts forecast that Yelp Inc. will post 2.22 earnings per share for the current year.

Insider Transactions at Yelp

In other news, CFO David A. Schwarzbach sold 10,000 shares of the stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $33.58, for a total transaction of $335,800.00. Following the transaction, the chief financial officer owned 160,196 shares of the company’s stock, valued at approximately $5,379,381.68. This represents a 5.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Craig Saldanha sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $32.98, for a total value of $39,576.00. Following the completion of the sale, the insider owned 201,300 shares of the company’s stock, valued at approximately $6,638,874. This trade represents a 0.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 39,100 shares of company stock worth $1,254,036. 8.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bfsg LLC raised its holdings in Yelp by 110.3% in the 3rd quarter. Bfsg LLC now owns 839 shares of the local business review company’s stock worth $26,000 after acquiring an additional 440 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Yelp during the 2nd quarter worth about $28,000. MAI Capital Management boosted its stake in Yelp by 1,102.0% during the 2nd quarter. MAI Capital Management now owns 1,202 shares of the local business review company’s stock valued at $41,000 after purchasing an additional 1,102 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Yelp in the 1st quarter valued at approximately $52,000. Finally, Strs Ohio acquired a new stake in Yelp in the 1st quarter valued at approximately $56,000. 90.11% of the stock is currently owned by institutional investors and hedge funds.

About Yelp

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.