Yelp (NYSE:YELP) Insider Sells $48,495.00 in Stock

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 firm's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $32.33, for a total value of $48,495.00. Following the completion of the sale, the insider directly owned 85,566 shares in the company, valued at $2,766,348.78. This trade represents a 1.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

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

Yelp Trading Up 1.0%

YELP traded up $0.32 during midday trading on Friday, reaching $31.61. The company's stock had a trading volume of 891,719 shares, compared to its average volume of 1,052,095. The stock has a market cap of $1.99 billion, a P/E ratio of 14.30, a PEG ratio of 0.80 and a beta of 0.97. The company has a fifty day simple moving average of $33.51 and a 200 day simple moving average of $35.18. Yelp Inc. has a twelve month low of $29.96 and a twelve month high of $41.72.

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

Analyst Upgrades and Downgrades

YELP has been the topic of several recent research reports. Bank of America decreased their price objective on Yelp from $31.00 to $30.00 and set an "underperform" rating on the stock in a report on Friday, August 8th. Wall Street Zen lowered Yelp from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Four research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Reduce" and an average price target of $34.00.

Institutional Trading of Yelp

Several institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC boosted its stake in 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 buying an additional 95,933 shares in the last quarter. LSV Asset Management boosted its stake in 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 buying an additional 191,447 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Yelp by 9.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,924,457 shares of the local business review company's stock valued at $74,477,000 after buying an additional 164,149 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in 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 buying an additional 98,303 shares in the last quarter. Finally, Jupiter Asset Management Ltd. boosted its stake in 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 buying an additional 548,586 shares in the last quarter. Institutional investors and hedge funds own 90.11% of the company's stock.

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.