Yelp (NYSE:YELP) Insider Carmen Amara Sells 1,500 Shares

Key Points

• Carmen Amara, a Yelp insider, sold 1,500 shares at an average price of $32.33, totaling $48,495, and decreased their ownership of the stock by 1.72%.
• Yelp's recent quarterly earnings report showed an EPS of $0.67, surpassing the consensus estimate by $0.19, and its revenue increased by 3.7% year-over-year to $370.39 million.
• Analyst ratings for Yelp have been downgraded, with Bank of America cutting its price target from $31.00 to $30.00 and a consensus rating of "Reduce" among investment analysts.

Yelp Inc. (NYSE:YELP - Get Free Report) insider Carmen Amara sold 1,500 shares of the business's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $32.33, for a total value of $48,495.00. Following the sale, the insider owned 85,566 shares of the company's stock, valued at approximately $2,766,348.78. This trade represents a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Tuesday, May 27th, Carmen Amara sold 6,886 shares of Yelp stock. The stock was sold at an average price of $38.19, for a total value of $262,976.34.

Yelp Trading Down 0.4%

NYSE:YELP traded down $0.14 during trading hours on Monday, hitting $32.31. 795,114 shares of the stock were exchanged, compared to its average volume of 1,021,783. Yelp Inc. has a 52-week low of $29.96 and a 52-week high of $41.72. The firm's fifty day moving average price is $33.78 and its 200 day moving average price is $35.38. The company has a market cap of $2.04 billion, a P/E ratio of 14.62, a P/E/G ratio of 0.82 and a beta of 0.97.

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 the consensus estimate of $0.48 by $0.19. Yelp had a return on equity of 20.17% and a net margin of 10.28%.The company had revenue of $370.39 million during the quarter, compared to analyst estimates of $365.71 million. During the same period in the previous year, the business earned $0.54 EPS. Yelp's quarterly revenue was up 3.7% on a year-over-year basis. Yelp has set its FY 2025 guidance at EPS. Equities analysts expect that Yelp Inc. will post 2.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Yelp during the second quarter worth $28,000. MAI Capital Management lifted its stake in Yelp by 1,102.0% during the second quarter. MAI Capital Management now owns 1,202 shares of the local business review company's stock worth $41,000 after purchasing an additional 1,102 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Yelp by 307.4% during the first quarter. Farther Finance Advisors LLC now owns 1,096 shares of the local business review company's stock worth $42,000 after purchasing an additional 827 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Yelp during the first quarter worth $52,000. Finally, Strs Ohio acquired a new position in Yelp during the first quarter worth $56,000. 90.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Bank of America cut their price objective on 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 cut Yelp from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Four investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Yelp presently has a consensus rating of "Reduce" and a consensus target price of $34.00.

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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