Yelp Inc. (NYSE:YELP – Get Free Report) insider Carmen Amara sold 500 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $22.14, for a total transaction of $11,070.00. Following the transaction, the insider directly owned 100,536 shares in the company, valued at approximately $2,225,867.04. This represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 shares were sold at an average price of $24.00, for a total transaction of $24,000.00.
Yelp Price Performance
Shares of NYSE YELP opened at $21.58 on Friday. The firm’s 50-day moving average price is $24.93 and its 200-day moving average price is $24.47. Yelp Inc. has a 1-year low of $19.60 and a 1-year high of $34.49. The firm has a market capitalization of $1.17 billion, a P/E ratio of 10.33, a P/E/G ratio of 2.04 and a beta of 0.43. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.16.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on YELP shares. Morgan Stanley lowered their target price on Yelp from $28.00 to $24.00 and set an “underweight” rating on the stock in a research report on Friday, May 15th. Zacks Research raised shares of Yelp from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 14th. Evercore set a $30.00 price target on shares of Yelp in a research note on Monday, May 11th. Robert W. Baird set a $28.00 price objective on shares of Yelp in a report on Friday, May 8th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Yelp in a research note on Friday, August 7th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $27.57.
Read Our Latest Research Report on Yelp
Institutional Trading of Yelp
Institutional investors and hedge funds have recently modified their holdings of the stock. CIBC Private Wealth Group LLC boosted its position in shares of Yelp by 100.0% during the third quarter. CIBC Private Wealth Group LLC now owns 892 shares of the local business review company’s stock valued at $28,000 after buying an additional 446 shares during the last quarter. Fifth Third Bancorp raised its position in Yelp by 70.4% in the 4th quarter. Fifth Third Bancorp now owns 1,159 shares of the local business review company’s stock valued at $35,000 after buying an additional 479 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in Yelp by 71.3% in the 4th 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 last quarter. Hantz Financial Services Inc. lifted its stake in Yelp by 181.3% during the 4th quarter. Hantz Financial Services Inc. now owns 1,297 shares of the local business review company’s stock valued at $39,000 after acquiring an additional 836 shares in the last quarter. Finally, Strs Ohio purchased a new position in Yelp during the 1st quarter worth $56,000. 90.11% of the stock is owned by hedge funds and other institutional investors.
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.
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