Aristides Capital LLC Takes Position in Yelp Inc. $YELP

Aristides Capital LLC bought a new position in shares of Yelp Inc. (NYSE:YELP) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 6,125 shares of the local business review company’s stock, valued at approximately $210,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Yelp during the second quarter worth about $28,000. MAI Capital Management raised its position in shares of Yelp by 1,102.0% in the 2nd quarter. MAI Capital Management now owns 1,202 shares of the local business review company’s stock valued at $41,000 after buying an additional 1,102 shares in the last quarter. Strs Ohio bought a new stake in shares of Yelp during the 1st quarter worth approximately $56,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Yelp during the 1st quarter worth approximately $62,000. Finally, Advisors Asset Management Inc. increased its stake in Yelp by 83.4% in the first quarter. Advisors Asset Management Inc. now owns 2,670 shares of the local business review company’s stock valued at $99,000 after acquiring an additional 1,214 shares during the last quarter. Institutional investors and hedge funds own 90.11% of the company’s stock.

Insider Buying and Selling

In other news, insider Craig Saldanha sold 1,200 shares of Yelp stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $32.98, for a total transaction of $39,576.00. Following the transaction, the insider owned 201,300 shares in the company, valued at approximately $6,638,874. The trade was a 0.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Carmen Amara sold 1,500 shares of the business’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $33.04, for a total transaction of $49,560.00. Following the completion of the sale, the insider directly owned 82,566 shares in the company, valued at approximately $2,727,980.64. This represents a 1.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 36,711 shares of company stock worth $1,155,019 in the last ninety days. Company insiders own 8.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. The Goldman Sachs Group set a $33.00 price objective on shares of Yelp in a research report on Tuesday, October 14th. Zacks Research lowered Yelp from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. Weiss Ratings restated a “hold (c-)” rating on shares of Yelp in a research report on Tuesday, October 14th. JPMorgan Chase & Co. reduced their price objective on Yelp from $33.00 to $30.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Finally, Evercore ISI decreased their target price on Yelp from $45.00 to $38.00 and set an “outperform” rating on the stock in a research report on Monday, November 10th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Yelp presently has an average rating of “Reduce” and a consensus price target of $32.20.

Yelp Stock Down 1.1%

NYSE YELP opened at $29.06 on Friday. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 13.15, a price-to-earnings-growth ratio of 0.81 and a beta of 0.99. Yelp Inc. has a twelve month low of $27.29 and a twelve month high of $41.72. The business’s fifty day moving average is $31.20 and its 200 day moving average is $33.36.

Yelp (NYSE:YELP) last issued its earnings results on Thursday, November 6th. The local business review company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.14. Yelp had a return on equity of 20.17% and a net margin of 10.28%.The business had revenue of $376.04 million during the quarter, compared to analysts’ expectations of $368.39 million. During the same quarter in the prior year, the firm earned $0.56 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. Yelp has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, research analysts anticipate that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.

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.