Yelp Inc. (NYSE:YELP) CFO Sells $111,732.50 in Stock

Yelp Inc. (NYSE:YELP - Get Free Report) CFO David A. Schwarzbach sold 2,750 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $40.63, for a total value of $111,732.50. Following the completion of the transaction, the chief financial officer now owns 258,848 shares in the company, valued at approximately $10,516,994.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Yelp Price Performance

NYSE:YELP remained flat at $39.56 during mid-day trading on Wednesday. The company had a trading volume of 483,835 shares, compared to its average volume of 769,457. The company has a 50-day moving average of $39.46 and a 200 day moving average of $42.64. The firm has a market capitalization of $2.70 billion, a PE ratio of 29.30 and a beta of 1.49. Yelp Inc. has a 12-month low of $26.53 and a 12-month high of $48.99.

Yelp (NYSE:YELP - Get Free Report) last released its quarterly earnings results on Thursday, February 15th. The local business review company reported $0.37 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.37. The firm had revenue of $342.38 million for the quarter, compared to the consensus estimate of $341.83 million. Yelp had a return on equity of 14.06% and a net margin of 7.42%. The firm's quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.28 EPS. Sell-side analysts expect that Yelp Inc. will post 1.53 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in YELP. Gladius Capital Management LP grew its stake in shares of Yelp by 10.8% in the 4th quarter. Gladius Capital Management LP now owns 2,835 shares of the local business review company's stock valued at $134,000 after purchasing an additional 276 shares during the last quarter. Heron Bay Capital Management grew its stake in shares of Yelp by 2.0% in the 4th quarter. Heron Bay Capital Management now owns 14,506 shares of the local business review company's stock valued at $687,000 after purchasing an additional 280 shares during the last quarter. Meritage Portfolio Management grew its stake in shares of Yelp by 2.2% in the 4th quarter. Meritage Portfolio Management now owns 14,121 shares of the local business review company's stock valued at $668,000 after purchasing an additional 308 shares during the last quarter. Cim Investment Management Inc. grew its stake in shares of Yelp by 3.6% in the 1st quarter. Cim Investment Management Inc. now owns 9,679 shares of the local business review company's stock valued at $297,000 after purchasing an additional 333 shares during the last quarter. Finally, Ronald Blue Trust Inc. grew its stake in shares of Yelp by 96.6% in the 3rd quarter. Ronald Blue Trust Inc. now owns 755 shares of the local business review company's stock valued at $31,000 after purchasing an additional 371 shares during the last quarter. Hedge funds and other institutional investors own 90.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on YELP. Raymond James began coverage on Yelp in a report on Wednesday, March 27th. They issued a "market perform" rating on the stock. StockNews.com upgraded Yelp from a "buy" rating to a "strong-buy" rating in a report on Saturday, February 24th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $41.75.

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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