Yelp (NYSE:YELP) CFO Sells $187,500.00 in Stock

Yelp Inc. (NYSE:YELP) CFO David Schwarzbach sold 7,500 shares of Yelp stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $25.00, for a total transaction of $187,500.00. Following the completion of the sale, the chief financial officer directly owned 216,800 shares in the company, valued at $5,420,000. This represents a 3.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Yelp Stock Performance

NYSE:YELP opened at $24.36 on Friday. The company has a fifty day moving average of $24.30 and a two-hundred day moving average of $28.55. The stock has a market capitalization of $1.45 billion, a PE ratio of 10.83, a P/E/G ratio of 0.62 and a beta of 0.56. Yelp Inc. has a fifty-two week low of $19.60 and a fifty-two week high of $41.22.

Yelp (NYSE:YELP) last posted its quarterly earnings data on Thursday, February 12th. The local business review company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.14. Yelp had a net margin of 9.94% and a return on equity of 19.96%. The business had revenue of $359.99 million for the quarter, compared to the consensus estimate of $358.70 million. During the same period last year, the firm posted $0.62 earnings per share. The company’s revenue was down .5% compared to the same quarter last year. Research analysts forecast that Yelp Inc. will post 2.22 earnings per share for the current year.

Institutional Trading of Yelp

Several large investors have recently bought and sold shares of YELP. Royal Bank of Canada lifted its stake in Yelp by 157.8% in the 1st quarter. Royal Bank of Canada now owns 252,564 shares of the local business review company’s stock worth $9,352,000 after purchasing an additional 154,612 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Yelp by 0.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 76,376 shares of the local business review company’s stock worth $2,828,000 after purchasing an additional 506 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Yelp by 2.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 208,551 shares of the local business review company’s stock valued at $7,723,000 after purchasing an additional 5,210 shares in the last quarter. Intech Investment Management LLC grew its position in shares of Yelp by 21.8% in the first quarter. Intech Investment Management LLC now owns 39,377 shares of the local business review company’s stock valued at $1,458,000 after purchasing an additional 7,053 shares in the last quarter. Finally, Strs Ohio acquired a new stake in shares of Yelp in the first quarter valued at approximately $56,000. Hedge funds and other institutional investors own 90.11% of the company’s stock.

Wall Street Analysts Forecast Growth

YELP has been the topic of several research analyst reports. Zacks Research cut Yelp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. JPMorgan Chase & Co. reduced their target price on Yelp from $30.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday, February 17th. Weiss Ratings downgraded Yelp from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, February 11th. UBS Group set a $28.00 price target on Yelp in a research note on Tuesday, January 13th. Finally, Morgan Stanley dropped their price target on Yelp from $30.00 to $28.00 and set an “underweight” rating for the company in a research report on Tuesday, January 13th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $28.50.

Yelp Company Profile

Yelp is a digital platform that connects consumers with local businesses through user-generated reviews, ratings and multimedia content. The company’s flagship offerings include the Yelp website and mobile applications for iOS and Android, where users can search for and discover restaurants, shops, service providers and other points of interest. In addition to crowd-sourced reviews and photographs, Yelp provides business profile pages featuring hours, contact information, menus and direct messaging capabilities.

Yelp generates revenue primarily through advertising services sold to small and medium-sized enterprises.