Vise Technologies Inc. Acquires New Shares in Yelp Inc. $YELP

Vise Technologies Inc. acquired a new position in shares of Yelp Inc. (NYSE:YELP) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 6,926 shares of the local business review company’s stock, valued at approximately $237,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Acadian Asset Management LLC grew its position in shares of Yelp by 4.2% during the second quarter. Acadian Asset Management LLC now owns 2,359,112 shares of the local business review company’s stock worth $80,827,000 after acquiring an additional 95,933 shares during the last quarter. LSV Asset Management grew its position in Yelp by 122.8% in the 1st quarter. LSV Asset Management now owns 1,902,318 shares of the local business review company’s stock worth $70,443,000 after purchasing an additional 1,048,451 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Yelp by 5.4% in the first quarter. Ameriprise Financial Inc. now owns 1,403,461 shares of the local business review company’s stock valued at $51,981,000 after purchasing an additional 71,626 shares during the period. Allianz Asset Management GmbH raised its holdings in shares of Yelp by 23.1% during the second quarter. Allianz Asset Management GmbH now owns 683,935 shares of the local business review company’s stock valued at $23,438,000 after buying an additional 128,138 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of Yelp during the first quarter worth approximately $13,811,000. 90.11% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on YELP shares. Zacks Research cut Yelp from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. Weiss Ratings reissued a “hold (c-)” rating on shares of Yelp in a research note on Tuesday, October 14th. Wall Street Zen cut shares of Yelp from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. JPMorgan Chase & Co. reduced their price objective on shares of Yelp from $33.00 to $30.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Finally, Evercore ISI lowered their target price on shares of Yelp from $45.00 to $38.00 and set an “outperform” rating on the stock in a research note on Monday, November 10th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $32.20.

Yelp Stock Down 2.8%

Shares of Yelp stock opened at $27.52 on Tuesday. The business has a fifty day simple moving average of $31.64 and a 200-day simple moving average of $33.72. Yelp Inc. has a fifty-two week low of $27.49 and a fifty-two week high of $41.72. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 12.45, a price-to-earnings-growth ratio of 0.81 and a beta of 0.99.

Yelp (NYSE:YELP) last released its earnings results on Thursday, November 6th. The local business review company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.14. Yelp had a return on equity of 20.17% and a net margin of 10.28%.The firm had revenue of $376.04 million for the quarter, compared to analyst estimates of $368.39 million. During the same period in the previous year, the company earned $0.56 earnings per share. Yelp’s revenue was up 4.4% compared to the same quarter last year. Yelp has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts anticipate that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Carmen Amara sold 1,500 shares of the stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $33.04, for a total transaction of $49,560.00. Following the completion of the sale, the insider directly owned 82,566 shares of the company’s stock, valued at $2,727,980.64. This represents a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David A. Schwarzbach sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $33.58, for a total transaction of $335,800.00. Following the sale, the chief financial officer owned 160,196 shares of the company’s stock, valued at $5,379,381.68. The trade was a 5.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 39,100 shares of company stock worth $1,254,036 in the last ninety days. 8.00% of the stock is currently owned by corporate insiders.

Yelp Profile

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.