David Schwarzbach Sells 10,000 Shares of Yelp (NYSE:YELP) Stock

Key Points

• CFO David Schwarzbach sold 10,000 shares of Yelp stock for a total of $335,800, reducing his ownership by 5.88% to 160,196 shares.
• Yelp's stock price decreased by $0.17 to $33.54 with a market capitalization of $2.11 billion and a P/E ratio of 15.17.
• Analysts have mixed ratings on Yelp, with a consensus rating of "Hold" and an average price target of $35.00, reflecting varied outlooks on the company's performance.

Yelp Inc. (NYSE:YELP - Get Free Report) CFO David Schwarzbach sold 10,000 shares of the company's stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $33.58, for a total value of $335,800.00. Following the completion of the sale, the chief financial officer owned 160,196 shares in the company, valued at $5,379,381.68. This represents a 5.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Yelp Stock Performance

Yelp stock traded down $0.17 during midday trading on Wednesday, reaching $33.54. 957,145 shares of the company were exchanged, compared to its average volume of 830,024. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 15.17, a P/E/G ratio of 0.85 and a beta of 0.98. The firm's 50-day simple moving average is $31.68 and its 200-day simple moving average is $34.27. Yelp Inc. has a 1 year low of $29.96 and a 1 year 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 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.19. Yelp had a return on equity of 20.17% and a net margin of 10.28%.The firm had revenue of $370.39 million during the quarter, compared to analysts' expectations of $365.71 million. During the same quarter last year, the business posted $0.54 EPS. The firm's quarterly revenue was up 3.7% compared to the same quarter last year. Yelp has set its FY 2025 guidance at EPS. On average, analysts forecast that Yelp Inc. will post 2.22 EPS for the current fiscal year.

Institutional Trading of Yelp

Several hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. grew its holdings in Yelp by 2.2% during the first quarter. Principal Financial Group Inc. now owns 374,536 shares of the local business review company's stock worth $13,869,000 after acquiring an additional 8,239 shares during the period. Jump Financial LLC bought a new stake in shares of Yelp in the 1st quarter worth approximately $1,945,000. Elevate Capital Advisors LLC bought a new stake in Yelp during the first quarter worth approximately $2,766,000. Jefferies Financial Group Inc. increased its holdings in shares of Yelp by 169.1% in the first quarter. Jefferies Financial Group Inc. now owns 16,662 shares of the local business review company's stock valued at $617,000 after buying an additional 10,471 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Yelp by 272.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 56,595 shares of the local business review company's stock worth $2,160,000 after acquiring an additional 41,400 shares in the last quarter. Institutional investors own 90.11% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Bank of America lowered their price objective on shares of Yelp from $31.00 to $30.00 and set an "underperform" rating for the company in a research note on Friday, August 8th. Wall Street Zen downgraded Yelp from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. The Goldman Sachs Group set a $33.00 price target on Yelp in a report on Tuesday. Zacks Research upgraded Yelp from a "hold" rating to a "strong-buy" rating in a report on Monday. Finally, Evercore ISI set a $45.00 price objective on Yelp and gave the company an "outperform" rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $35.00.

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.

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