Yelp (NYSE:YELP) Insider Sells $29,664.00 in Stock

Yelp Inc. (NYSE:YELP) insider Craig Saldanha sold 1,200 shares of the firm’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $24.72, for a total value of $29,664.00. Following the completion of the sale, the insider directly owned 267,835 shares in the company, valued at approximately $6,620,881.20. This represents a 0.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Craig Saldanha also recently made the following trade(s):

• On Monday, March 2nd, Craig Saldanha sold 1,200 shares of Yelp stock. The shares were sold at an average price of $21.78, for a total value of $26,136.00.
• On Monday, February 2nd, Craig Saldanha sold 1,200 shares of Yelp stock. The stock was sold at an average price of $27.40, for a total value of $32,880.00.

Yelp Stock Down 0.1%

Shares of YELP stock opened at $25.12 on Monday. The business has a fifty day simple moving average of $23.96 and a 200 day simple moving average of $28.28. The company has a market cap of $1.50 billion, a P/E ratio of 11.16, a P/E/G ratio of 0.63 and a beta of 0.47. Yelp Inc. has a twelve month low of $19.60 and a twelve month high of $41.22.

Yelp (NYSE:YELP) last issued its earnings results on Thursday, February 12th. The local business review company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.47 by $0.14. The firm had revenue of $359.99 million during the quarter, compared to the consensus estimate of $358.70 million. Yelp had a return on equity of 19.96% and a net margin of 9.94%.The business’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.62 earnings per share. As a group, equities research analysts anticipate that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Yelp

Several large investors have recently modified their holdings of YELP. Royal Bank of Canada increased its holdings in Yelp by 157.8% in the first quarter. Royal Bank of Canada now owns 252,564 shares of the local business review company’s stock valued at $9,352,000 after purchasing an additional 154,612 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Yelp by 0.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 76,376 shares of the local business review company’s stock worth $2,828,000 after buying an additional 506 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Yelp by 2.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 208,551 shares of the local business review company’s stock worth $7,723,000 after buying an additional 5,210 shares during the period. Intech Investment Management LLC grew its position in shares of Yelp by 21.8% in the 1st quarter. Intech Investment Management LLC now owns 39,377 shares of the local business review company’s stock valued at $1,458,000 after buying an additional 7,053 shares during the last quarter. Finally, Strs Ohio bought a new stake in shares of Yelp in the 1st quarter valued at about $56,000. Institutional investors own 90.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on YELP shares. UBS Group set a $28.00 target price on shares of Yelp in a research report on Tuesday, January 13th. Jefferies Financial Group increased their price target on Yelp from $31.00 to $32.00 and gave the company a “hold” rating in a research note on Thursday, December 11th. Morgan Stanley cut their price objective on Yelp from $30.00 to $28.00 and set an “underweight” rating on the stock in a report on Tuesday, January 13th. Weiss Ratings lowered Yelp from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, February 11th. Finally, Wall Street Zen cut Yelp from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $28.50.

Yelp Company Profile

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.