Yelp (NYSE:YELP) CFO David Schwarzbach Sells 7,500 Shares of Stock

Yelp Inc. (NYSE:YELP) CFO David Schwarzbach sold 7,500 shares of Yelp stock in a transaction dated Wednesday, October 21st. The stock was sold at an average price of $20.00, for a total transaction of $150,000.00. Following the sale, the chief financial officer owned 165,466 shares of the company’s stock, valued at approximately $3,309,320. This trade represents a 4.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Yelp Stock Performance

NYSE:YELP opened at $19.97 on Friday. The firm has a 50 day simple moving average of $20.55 and a 200-day simple moving average of $23.51. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.75 and a quick ratio of 1.75. The firm has a market cap of $1.08 billion, a PE ratio of 9.56, a P/E/G ratio of 1.86 and a beta of 0.45. Yelp Inc. has a 1-year low of $17.26 and a 1-year high of $34.49.

Yelp (NYSE:YELP) last announced its quarterly earnings data on Thursday, August 6th. The local business review company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.21. The business had revenue of $375.52 million for the quarter, compared to the consensus estimate of $366.89 million. Yelp had a net margin of 8.59% and a return on equity of 19.52%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.67 earnings per share. On average, equities analysts expect that Yelp Inc. will post 1.86 EPS for the current year.

Hedge Funds Weigh In On Yelp

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. grew its holdings in shares of Yelp by 71.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,158 shares of the local business review company’s stock worth $35,000 after purchasing an additional 482 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Yelp during the second quarter valued at approximately $61,000. Essential Partners LLC raised its stake in shares of Yelp by 225.9% during the first quarter. Essential Partners LLC now owns 2,796 shares of the local business review company’s stock valued at $69,000 after purchasing an additional 1,938 shares during the period. Parallel Advisors LLC lifted its position in shares of Yelp by 428.4% during the first quarter. Parallel Advisors LLC now owns 3,720 shares of the local business review company’s stock worth $92,000 after purchasing an additional 3,016 shares in the last quarter. Finally, Nykredit A S acquired a new position in shares of Yelp during the second quarter worth $128,000. Institutional investors and hedge funds own 90.11% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on YELP. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Yelp in a research report on Friday, August 7th. JPMorgan Chase & Co. assumed coverage on Yelp in a research report on Friday, September 11th. They set an “underweight” rating and a $19.00 target price on the stock. Finally, Morgan Stanley decreased their price target on Yelp from $24.00 to $17.00 and set an “underweight” rating on the stock in a research note on Tuesday, October 13th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Yelp has an average rating of “Reduce” and an average target price of $25.57.

Yelp Company Profile

Yelp Inc operates an online platform that helps consumers discover and evaluate local businesses. Through its website and mobile applications, Yelp provides business listings, user-generated reviews, ratings, photos and other information across categories such as restaurants, home services, beauty and fitness, automotive, health and professional services.

The company generates revenue primarily by providing businesses with advertising and marketing solutions designed to increase their visibility and connect them with potential customers.