Insider Selling: Yelp (NYSE:YELP) Insider Sells 1,500 Shares of Stock

Key Points

• Carmen Amara, an insider at Yelp, sold 1,500 shares of the company's stock at an average price of $31.37, resulting in a total sale of $47,055 and reducing their ownership by 1.75% to 84,066 shares.
• Yelp's stock has traded down by 0.4%, reaching $31.31, with a market cap of approximately $1.97 billion and a P/E ratio of 14.17.
• Yelp reported $0.67 earnings per share for its last quarter, exceeding the consensus estimate of $0.48, along with a year-over-year revenue increase of 3.7%.

Yelp Inc. (NYSE:YELP - Get Free Report) insider Carmen Amara sold 1,500 shares of Yelp stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $31.37, for a total value of $47,055.00. Following the sale, the insider directly owned 84,066 shares in the company, valued at approximately $2,637,150.42. The trade was a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Carmen Amara also recently made the following trade(s):

• On Monday, August 25th, Carmen Amara sold 1,500 shares of Yelp stock. The stock was sold at an average price of $32.33, for a total value of $48,495.00.

Yelp Trading Down 0.4%

YELP stock traded down $0.13 during midday trading on Thursday, hitting $31.31. The company's stock had a trading volume of 470,864 shares, compared to its average volume of 822,892. The company has a market cap of $1.97 billion, a PE ratio of 14.17, a P/E/G ratio of 0.78 and a beta of 1.03. Yelp Inc. has a 12 month low of $29.96 and a 12 month high of $41.72. The firm's 50-day moving average is $32.45 and its 200-day moving average is $34.68.

Yelp (NYSE:YELP - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The local business review company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.19. The business had revenue of $370.39 million for the quarter, compared to analysts' expectations of $365.71 million. Yelp had a return on equity of 20.17% and a net margin of 10.28%.The firm's quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.54 EPS. Yelp has set its FY 2025 guidance at EPS. Analysts expect that Yelp Inc. will post 2.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in YELP. Acadian Asset Management LLC lifted its holdings in Yelp by 4.2% during the second quarter. Acadian Asset Management LLC now owns 2,359,112 shares of the local business review company's stock worth $80,827,000 after buying an additional 95,933 shares during the period. LSV Asset Management increased its position in shares of Yelp by 10.1% during the second quarter. LSV Asset Management now owns 2,093,765 shares of the local business review company's stock worth $71,753,000 after purchasing an additional 191,447 shares in the last quarter. Ameriprise Financial Inc. increased its position 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 acquiring an additional 98,303 shares during the period. Jupiter Asset Management Ltd. increased its position 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 acquiring an additional 548,586 shares during the period. Finally, Man Group plc grew its position in Yelp by 48.5% during the 2nd quarter. Man Group plc now owns 741,747 shares of the local business review company's stock worth $25,420,000 after purchasing an additional 242,213 shares during the period. Institutional investors own 90.11% of the company's stock.

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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