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

Yelp Inc. (NYSE:YELP) insider Carmen Amara sold 1,500 shares of the company’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $31.37, for a total transaction of $47,055.00. Following the completion of the transaction, the insider directly owned 84,066 shares of the company’s stock, valued at approximately $2,637,150.42. The trade was a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, August 25th, Carmen Amara sold 1,500 shares of Yelp stock. The shares were sold at an average price of $32.33, for a total transaction of $48,495.00.

Yelp Price Performance

NYSE:YELP opened at $31.31 on Friday. The firm has a 50-day moving average of $32.38 and a two-hundred day moving average of $34.66. The stock has a market cap of $1.97 billion, a P/E ratio of 14.17, a PEG ratio of 0.78 and a beta of 1.03. Yelp Inc. has a 1-year low of $29.96 and a 1-year high of $41.72.

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on YELP. Wall Street Zen cut shares of Yelp from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 9th. Bank of America cut their target price on shares of Yelp from $31.00 to $30.00 and set an “underperform” rating on the stock in a research note on Friday, August 8th. Four investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $34.00.

Institutional Investors Weigh In On Yelp

Institutional investors have recently modified their holdings of the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Yelp during the second quarter worth about $28,000. MAI Capital Management raised 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 acquiring an additional 1,102 shares during the period. Farther Finance Advisors LLC raised 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 acquiring an additional 827 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Yelp during the first quarter worth about $52,000. Finally, Strs Ohio acquired a new stake in Yelp during the first quarter worth about $56,000. Institutional investors and hedge funds 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.