Yelp (NYSE:YELP) Insider Craig Saldanha Sells 1,000 Shares

Key Points

• Craig Saldanha, an insider at Yelp, sold 1,000 shares of the company's stock at an average price of $32.33, leading to a total transaction of $32,330 and a 0.49% decrease in his ownership.
• Yelp reported an EPS of $0.67 for the last quarter, surpassing analyst expectations, with revenue increasing by 3.7% year-over-year.
• Wall Street analysts have lowered their target price for Yelp shares, with Bank of America cutting it from $31.00 to $30.00, and the consensus rating now stands at "Reduce."

Yelp Inc. (NYSE:YELP - Get Free Report) insider Craig Saldanha sold 1,000 shares of the business's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $32.33, for a total transaction of $32,330.00. Following the transaction, the insider owned 204,900 shares in the company, valued at $6,624,417. This represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, July 23rd, Craig Saldanha sold 1,000 shares of Yelp stock. The stock was sold at an average price of $35.23, for a total transaction of $35,230.00.
• On Monday, June 23rd, Craig Saldanha sold 1,000 shares of Yelp stock. The stock was sold at an average price of $34.34, for a total transaction of $34,340.00.

Yelp Stock Performance

Shares of YELP stock traded down $0.14 during midday trading on Monday, hitting $32.31. 795,114 shares of the company were exchanged, compared to its average volume of 1,021,783. The firm has a market capitalization of $2.04 billion, a P/E ratio of 14.62, a PEG ratio of 0.82 and a beta of 0.97. The firm's 50 day moving average price is $33.78 and its two-hundred day moving average price is $35.38. Yelp Inc. has a 52 week low of $29.96 and a 52 week high of $41.72.

Yelp (NYSE:YELP - Get Free Report) last announced its earnings results 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. The business had revenue of $370.39 million during the quarter, compared to the consensus estimate of $365.71 million. Yelp had a net margin of 10.28% and a return on equity of 20.17%. Yelp's revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous 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 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Bank of America reduced 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. Wall Street Zen downgraded shares of 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 given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Reduce" and an average target price of $34.00.

Hedge Funds Weigh In On Yelp

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC raised its position 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 buying an additional 95,933 shares in the last quarter. LSV Asset Management raised its position 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 buying an additional 191,447 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of 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. raised 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 buying an additional 98,303 shares in the last quarter. Finally, Jupiter Asset Management Ltd. raised 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 buying an additional 548,586 shares in the last quarter. 90.11% of the stock is currently owned by institutional investors and hedge funds.

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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