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

Yelp Inc. (NYSE:YELP) insider Carmen Amara sold 500 shares of the company’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $28.82, for a total value of $14,410.00. Following the completion of the transaction, the insider owned 76,878 shares of the company’s stock, valued at $2,215,623.96. The trade was a 0.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Monday, October 27th, Carmen Amara sold 1,500 shares of Yelp stock. The stock was sold at an average price of $33.04, for a total transaction of $49,560.00.
• On Thursday, September 25th, Carmen Amara sold 1,500 shares of Yelp stock. The stock was sold at an average price of $31.37, for a total transaction of $47,055.00.

Yelp Price Performance

Shares of Yelp stock traded up $0.73 during trading on Tuesday, hitting $29.37. 1,563,460 shares of the company’s stock traded hands, compared to its average volume of 843,534. The company has a market cap of $1.81 billion, a PE ratio of 13.29, a PEG ratio of 0.81 and a beta of 0.99. The firm’s fifty day moving average price is $31.36 and its 200 day moving average price is $33.48. Yelp Inc. has a twelve month low of $27.29 and a twelve month high of $41.72.

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC increased its position in Yelp by 100.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 892 shares of the local business review company’s stock valued at $28,000 after acquiring an additional 446 shares in the last quarter. CIBC Bancorp USA Inc. bought a new stake in shares of Yelp during the third quarter valued at approximately $206,000. Danske Bank A S acquired a new stake in shares of Yelp in the third quarter valued at approximately $609,000. Camelot Portfolios LLC raised its position in Yelp by 35.8% in the 3rd quarter. Camelot Portfolios LLC now owns 10,740 shares of the local business review company’s stock worth $335,000 after purchasing an additional 2,829 shares during the last quarter. Finally, Virtus Advisers LLC acquired a new position in Yelp during the 3rd quarter worth $84,000. 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.