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

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 Yelp stock in a transaction on Monday, August 25th. The shares were sold at an average price of $32.33, for a total value of $32,330.00. Following the completion of the transaction, the insider owned 204,900 shares in the company, valued at approximately $6,624,417. The trade was a 0.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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 shares were sold at an average price of $35.23, for a total value of $35,230.00.
• On Monday, June 23rd, Craig Saldanha sold 1,000 shares of Yelp stock. The shares were sold at an average price of $34.34, for a total value of $34,340.00.

Yelp Stock Up 1.0%

Shares of YELP traded up $0.32 during midday trading on Friday, hitting $31.61. The company's stock had a trading volume of 891,719 shares, compared to its average volume of 1,052,095. Yelp Inc. has a one year low of $29.96 and a one year high of $41.72. The company's fifty day simple moving average is $33.51 and its two-hundred day simple moving average is $35.18. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 14.30, a price-to-earnings-growth ratio of 0.80 and a beta of 0.97.

Yelp (NYSE:YELP - Get Free Report) last issued its quarterly earnings results 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. Yelp had a return on equity of 20.17% and a net margin of 10.28%.The company had revenue of $370.39 million for the quarter, compared to analyst estimates of $365.71 million. During the same quarter last year, the company posted $0.54 EPS. The company's revenue for the quarter was up 3.7% compared to the same quarter last year. Yelp has set its FY 2025 guidance at EPS. On average, research analysts predict that Yelp Inc. will post 2.22 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on YELP. Wall Street Zen lowered Yelp from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Bank of America reduced their price objective on Yelp from $31.00 to $30.00 and set an "underperform" rating on the stock in a research report on Friday, August 8th. Four analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus price target of $34.00.

Institutional Investors Weigh In On Yelp

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Neuberger Berman Group LLC acquired a new position in Yelp during the 2nd quarter worth about $266,000. State of Wyoming lifted its holdings in Yelp by 100.1% during the 2nd quarter. State of Wyoming now owns 12,208 shares of the local business review company's stock worth $418,000 after buying an additional 6,106 shares during the period. Public Sector Pension Investment Board lifted its holdings in Yelp by 4.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 255,093 shares of the local business review company's stock worth $8,742,000 after buying an additional 11,158 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Yelp by 339.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,587 shares of the local business review company's stock worth $260,000 after buying an additional 5,862 shares during the period. Finally, Corient Private Wealth LLC lifted its holdings in Yelp by 27.9% during the 2nd quarter. Corient Private Wealth LLC now owns 8,804 shares of the local business review company's stock worth $302,000 after buying an additional 1,921 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.