Yelp Inc. (NYSE:YELP) CFO David A. Schwarzbach Sells 10,000 Shares

Yelp Inc. (NYSE:YELP) CFO David A. Schwarzbach sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $34.68, for a total transaction of $346,800.00. Following the transaction, the chief financial officer owned 199,654 shares of the company’s stock, valued at approximately $6,924,000.72. The trade was a 4.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Yelp Price Performance

NYSE YELP opened at $34.58 on Friday. Yelp Inc. has a 1 year low of $32.29 and a 1 year high of $41.72. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 0.82 and a beta of 0.98. The company has a fifty day moving average price of $36.41 and a 200-day moving average price of $36.66.

Yelp (NYSE:YELP) last released its quarterly earnings data on Thursday, May 8th. The local business review company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.31 by $0.05. The business had revenue of $358.53 million for the quarter, compared to the consensus estimate of $353.48 million. Yelp had a net margin of 9.95% and a return on equity of 19.42%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 earnings per share. On average, research analysts anticipate that Yelp Inc. will post 2.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Morgan Stanley lowered their price target on shares of Yelp from $35.00 to $30.00 and set an “underweight” rating for the company in a report on Thursday, April 17th. Wall Street Zen downgraded shares of Yelp from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 21st. Finally, JPMorgan Chase & Co. dropped their target price on shares of Yelp from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $34.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Proficio Capital Partners LLC purchased a new position in Yelp during the fourth quarter valued at $704,000. Raymond James Financial Inc. bought a new stake in Yelp in the 4th quarter worth about $3,189,000. Natixis Advisors LLC grew its stake in shares of Yelp by 42.6% during the 4th quarter. Natixis Advisors LLC now owns 16,967 shares of the local business review company’s stock valued at $657,000 after purchasing an additional 5,071 shares during the period. Royce & Associates LP lifted its holdings in Yelp by 12.7% in the 4th quarter. Royce & Associates LP now owns 53,450 shares of the local business review company’s stock worth $2,069,000 after purchasing an additional 6,035 shares in the last quarter. Finally, Cibc World Markets Corp bought a new stake in Yelp in the 4th quarter worth approximately $234,000. 90.11% of the stock is currently owned by institutional investors.

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.