Yelp (NYSE:YELP) Sets New 1-Year Low Following Insider Selling

Yelp Inc. (NYSE:YELPGet Free Report) reached a new 52-week low during trading on Wednesday after an insider sold shares in the company. The company traded as low as $35.00 and last traded at $35.04, with a volume of 92191 shares traded. The stock had previously closed at $35.91.

Specifically, CFO David A. Schwarzbach sold 2,750 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $40.63, for a total transaction of $111,732.50. Following the completion of the sale, the chief financial officer now directly owns 258,848 shares of the company’s stock, valued at approximately $10,516,994.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Carmen Orr sold 14,984 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $38.00, for a total value of $569,392.00. Following the completion of the transaction, the insider now directly owns 110,011 shares of the company’s stock, valued at $4,180,418. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO David A. Schwarzbach sold 2,750 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $40.63, for a total value of $111,732.50. Following the completion of the transaction, the chief financial officer now directly owns 258,848 shares of the company’s stock, valued at $10,516,994.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 56,818 shares of company stock valued at $2,109,323. Corporate insiders own 7.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Craig Hallum reduced their target price on Yelp from $55.00 to $48.00 and set a “buy” rating for the company in a report on Friday, May 10th. Raymond James started coverage on Yelp in a report on Wednesday, March 27th. They set a “market perform” rating for the company. Finally, Robert W. Baird reduced their price objective on Yelp from $44.00 to $39.00 and set a “neutral” rating for the company in a report on Friday, May 10th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $40.67.

View Our Latest Report on YELP

Yelp Stock Down 2.0 %

The company has a market cap of $2.37 billion, a PE ratio of 22.41 and a beta of 1.33. The stock has a 50-day moving average of $37.00 and a 200-day moving average of $39.93.

Yelp (NYSE:YELPGet Free Report) last released its earnings results on Thursday, May 9th. The local business review company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.16. The business had revenue of $332.75 million for the quarter, compared to analysts’ expectations of $333.66 million. Yelp had a return on equity of 15.69% and a net margin of 8.44%. Research analysts expect that Yelp Inc. will post 1.39 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. C M Bidwell & Associates Ltd. bought a new position in Yelp in the fourth quarter valued at $27,000. Fidelis Capital Partners LLC bought a new position in shares of Yelp during the first quarter valued at about $25,000. Daiwa Securities Group Inc. bought a new position in shares of Yelp during the fourth quarter valued at about $43,000. International Assets Investment Management LLC grew its stake in shares of Yelp by 4,634.6% during the fourth quarter. International Assets Investment Management LLC now owns 1,231 shares of the local business review company’s stock valued at $58,000 after buying an additional 1,205 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Yelp by 65.6% during the fourth quarter. Blue Trust Inc. now owns 1,250 shares of the local business review company’s stock valued at $59,000 after buying an additional 495 shares during the last quarter. 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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