Yelp (NYSE:YELP) Insider Craig Saldanha Sells 1,200 Shares

Yelp Inc. (NYSE:YELP) insider Craig Saldanha sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $27.40, for a total transaction of $32,880.00. Following the transaction, the insider directly owned 190,879 shares of the company’s stock, valued at $5,230,084.60. The trade was a 0.62% 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 this link.

Craig Saldanha also recently made the following trade(s):

• On Friday, January 2nd, Craig Saldanha sold 1,200 shares of Yelp stock. The stock was sold at an average price of $30.43, for a total transaction of $36,516.00.
• On Monday, December 1st, Craig Saldanha sold 1,200 shares of Yelp stock. The shares were sold at an average price of $28.62, for a total value of $34,344.00.

Yelp Stock Performance

YELP stock opened at $24.25 on Thursday. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 10.73, a P/E/G ratio of 0.47 and a beta of 0.55. The business’s 50-day moving average is $29.39 and its two-hundred day moving average is $30.96. Yelp Inc. has a fifty-two week low of $24.19 and a fifty-two week high of $41.22.

Yelp (NYSE:YELP) last posted its quarterly earnings data 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 net margin of 10.23% and a return on equity of 20.33%. The company had revenue of $376.04 million for the quarter, compared to the consensus estimate of $368.39 million. During the same quarter last year, the firm posted $0.56 earnings per share. The firm’s revenue was up 4.4% compared to the same quarter last year. Equities analysts predict that Yelp Inc. will post 2.22 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. LSV Asset Management increased its position in shares of Yelp by 14.8% during the 3rd quarter. LSV Asset Management now owns 2,402,938 shares of the local business review company’s stock valued at $74,972,000 after purchasing an additional 309,173 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of Yelp by 4.2% in the second quarter. Acadian Asset Management LLC now owns 2,359,112 shares of the local business review company’s stock valued at $80,827,000 after acquiring an additional 95,933 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Yelp by 4.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,070,236 shares of the local business review company’s stock worth $64,592,000 after purchasing an additional 88,860 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Yelp by 8.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,976,150 shares of the local business review company’s stock valued at $61,656,000 after purchasing an additional 151,354 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in Yelp by 7.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,501,764 shares of the local business review company’s stock worth $51,458,000 after purchasing an additional 98,303 shares during the period. Institutional investors own 90.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Wall Street Zen upgraded shares of Yelp from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Yelp in a research note on Friday, January 9th. Jefferies Financial Group upped their target price on shares of Yelp from $31.00 to $32.00 and gave the stock a “hold” rating in a report on Thursday, December 11th. Morgan Stanley lowered their price objective on Yelp from $30.00 to $28.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 13th. Finally, The Goldman Sachs Group set a $33.00 target price on Yelp in a research report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Yelp currently has an average rating of “Hold” and a consensus target price of $31.29.

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.