Yousif Capital Management LLC Has $816,000 Stake in Yelp Inc. $YELP

Yousif Capital Management LLC decreased its stake in Yelp Inc. (NYSE:YELP) by 1.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,802 shares of the local business review company’s stock after selling 425 shares during the quarter. Yousif Capital Management LLC’s holdings in Yelp were worth $816,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Hancock Whitney Corp lifted its stake in Yelp by 7.4% in the first quarter. Hancock Whitney Corp now owns 6,986 shares of the local business review company’s stock valued at $259,000 after buying an additional 480 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Yelp by 0.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 76,376 shares of the local business review company’s stock valued at $2,828,000 after buying an additional 506 shares during the period. Signaturefd LLC lifted its stake in Yelp by 47.3% in the first quarter. Signaturefd LLC now owns 1,936 shares of the local business review company’s stock valued at $72,000 after buying an additional 622 shares during the period. Meritage Portfolio Management lifted its stake in Yelp by 4.3% in the second quarter. Meritage Portfolio Management now owns 16,387 shares of the local business review company’s stock valued at $562,000 after buying an additional 672 shares during the period. Finally, Pinnacle Holdings LLC lifted its stake in Yelp by 2.1% in the first quarter. Pinnacle Holdings LLC now owns 34,649 shares of the local business review company’s stock valued at $1,283,000 after buying an additional 698 shares during the period. Institutional investors and hedge funds own 90.11% of the company’s stock.

Yelp Stock Performance

NYSE:YELP opened at $33.35 on Thursday. The company has a market cap of $2.10 billion, a PE ratio of 15.09, a PEG ratio of 0.84 and a beta of 0.98. Yelp Inc. has a 52-week low of $29.96 and a 52-week high of $41.72. The stock has a 50-day simple moving average of $31.78 and a 200 day simple moving average of $34.12.

Yelp (NYSE:YELP) last posted its quarterly earnings data on Thursday, August 7th. The local business review company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.19. The business had revenue of $370.39 million during the quarter, compared to the consensus estimate of $365.71 million. Yelp had a return on equity of 20.17% and a net margin of 10.28%.Yelp’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the company earned $0.54 earnings per share. Yelp has set its FY 2025 guidance at EPS. On average, research analysts predict that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on YELP shares. Evercore ISI set a $45.00 target price on Yelp and gave the company an “outperform” rating in a research note on Monday, October 13th. Wall Street Zen downgraded Yelp from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 9th. Bank of America lowered their price target on Yelp from $31.00 to $30.00 and set an “underperform” rating for the company in a report on Friday, August 8th. Weiss Ratings restated a “hold (c-)” rating on shares of Yelp in a report on Tuesday, October 14th. Finally, The Goldman Sachs Group set a $33.00 price target on Yelp in a report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Yelp presently has an average rating of “Hold” and a consensus target price of $35.00.

Insider Buying and Selling

In related news, insider Carmen Amara sold 1,500 shares of the stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $31.37, for a total transaction of $47,055.00. Following the completion of the transaction, the insider directly owned 84,066 shares in the company, valued at approximately $2,637,150.42. This trade represents a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David A. Schwarzbach sold 10,000 shares of the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $31.43, for a total value of $314,300.00. Following the transaction, the chief financial officer owned 180,196 shares of the company’s stock, valued at approximately $5,663,560.28. The trade was a 5.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,400 shares of company stock worth $1,164,900. 8.00% of the stock is owned by corporate insiders.

Yelp Company Profile

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.