Insider Selling: Yelp (NYSE:YELP) CFO Sells 10,000 Shares of Stock

Key Points

• David Schwarzbach, CFO of Yelp, sold 10,000 shares at an average price of $31.24, reducing his stake by 5.55%. Following the sale, he still owns 170,196 shares valued at approximately $5.32 million.
• Yelp's latest earnings report showed $0.67 EPS, exceeding analysts' expectations, with a 3.7% increase in revenue compared to the previous year.
• Recent analyst ratings for Yelp have turned cautious, with Bank of America lowering its price target to $30.00, classifying it as "underperform."

Yelp Inc. (NYSE:YELP - Get Free Report) CFO David A. Schwarzbach sold 10,000 shares of Yelp stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $31.24, for a total transaction of $312,400.00. Following the sale, the chief financial officer owned 170,196 shares in the company, valued at $5,316,923.04. This represents a 5.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Yelp Stock Down 0.3%

Shares of YELP traded down $0.10 during mid-day trading on Friday, reaching $32.03. 167,500 shares of the stock traded hands, compared to its average volume of 813,122. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 14.49, a P/E/G ratio of 0.79 and a beta of 1.03. The stock has a fifty day simple moving average of $32.67 and a 200 day simple moving average of $34.75. Yelp Inc. has a 12-month low of $29.96 and a 12-month high of $41.72.

Yelp (NYSE:YELP - Get Free Report) 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, beating analysts' consensus estimates of $0.48 by $0.19. Yelp had a net margin of 10.28% and a return on equity of 20.17%. The company had revenue of $370.39 million for the quarter, compared to analyst estimates of $365.71 million. During the same quarter last year, the firm posted $0.54 earnings per share. The business's quarterly revenue was up 3.7% on a year-over-year basis. Yelp has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.

Institutional Trading of Yelp

A number of hedge funds and other institutional investors have recently made changes to their positions in YELP. Cetera Investment Advisers bought a new stake in shares of Yelp in the 4th quarter worth approximately $229,000. Deutsche Bank AG raised its holdings in shares of Yelp by 41.2% in the 4th quarter. Deutsche Bank AG now owns 81,993 shares of the local business review company's stock worth $3,173,000 after purchasing an additional 23,934 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in shares of Yelp by 1.5% during the fourth quarter. Nuveen Asset Management LLC now owns 650,433 shares of the local business review company's stock valued at $25,172,000 after acquiring an additional 9,810 shares during the period. Quantinno Capital Management LP acquired a new stake in shares of Yelp during the fourth quarter valued at approximately $253,000. Finally, State of Wyoming raised its holdings in shares of Yelp by 3.5% during the fourth quarter. State of Wyoming now owns 9,030 shares of the local business review company's stock valued at $349,000 after acquiring an additional 307 shares during the period. 90.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on YELP shares. Bank of America decreased their price target on shares of Yelp from $31.00 to $30.00 and set an "underperform" rating for the company in a research report on Friday, August 8th. Wall Street Zen downgraded shares of Yelp from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Four analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Reduce" and an average target price of $34.00.

About Yelp

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.