Insider Selling: Yelp (NYSE:YELP) Insider Sells 1,200 Shares of Stock

Key Points

• Yelp insider Craig Saldanha sold 1,200 shares at an average price of $30.93, decreasing his position by 0.59%. Following the sale, he owns 202,500 shares valued at approximately $6.26 million.
• Yelp's stock recently traded up 0.9% to $31.49, with a market capitalization of $1.99 billion and a price-to-earnings ratio of 14.25.
• In its last quarterly earnings, Yelp reported an EPS of $0.67, exceeding estimates, and revenue of $370.39 million, reflecting a 3.7% increase year-over-year.

Yelp Inc. (NYSE:YELP - Get Free Report) insider Craig Saldanha sold 1,200 shares of the firm's stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $30.93, for a total transaction of $37,116.00. Following the transaction, the insider directly owned 202,500 shares in the company, valued at approximately $6,263,325. The trade was a 0.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Tuesday, September 2nd, Craig Saldanha sold 1,200 shares of Yelp stock. The shares were sold at an average price of $31.17, for a total transaction of $37,404.00.
• On Monday, August 25th, Craig Saldanha sold 1,000 shares of Yelp stock. The shares were sold at an average price of $32.33, for a total transaction of $32,330.00.
• On Wednesday, July 23rd, Craig Saldanha sold 1,000 shares of Yelp stock. The shares were sold at an average price of $35.23, for a total transaction of $35,230.00.

Yelp Stock Up 0.9%

Shares of NYSE:YELP traded up $0.29 during trading on Wednesday, reaching $31.49. The stock had a trading volume of 920,100 shares, compared to its average volume of 821,979. Yelp Inc. has a 52 week low of $29.96 and a 52 week high of $41.72. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 14.25, a P/E/G ratio of 0.78 and a beta of 1.03. The stock has a fifty day simple moving average of $32.17 and a two-hundred day simple moving average of $34.58.

Yelp (NYSE:YELP - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The local business review company reported $0.67 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 company'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 year.

Institutional Investors Weigh In On Yelp

Several institutional investors and hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC boosted its stake in shares of Yelp by 4.2% in the 2nd quarter. Acadian Asset Management LLC now owns 2,359,112 shares of the local business review company's stock valued at $80,827,000 after purchasing an additional 95,933 shares in the last quarter. LSV Asset Management boosted its stake in shares of Yelp by 10.1% in the 2nd quarter. LSV Asset Management now owns 2,093,765 shares of the local business review company's stock valued at $71,753,000 after purchasing an additional 191,447 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Yelp by 7.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,501,764 shares of the local business review company's stock valued at $51,458,000 after purchasing an additional 98,303 shares in the last quarter. Jupiter Asset Management Ltd. boosted its stake in shares of Yelp by 268.1% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 753,173 shares of the local business review company's stock valued at $25,811,000 after purchasing an additional 548,586 shares in the last quarter. Finally, Man Group plc boosted its stake in shares of Yelp by 48.5% in the 2nd quarter. Man Group plc now owns 741,747 shares of the local business review company's stock valued at $25,420,000 after purchasing an additional 242,213 shares in the last quarter. Institutional investors and hedge funds own 90.11% of the company's stock.

Analyst Ratings Changes

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

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