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

Yelp Inc. (NYSE:YELP) insider Carmen Amara sold 500 shares of Yelp stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $22.84, for a total value of $11,420.00. Following the completion of the transaction, the insider directly owned 131,724 shares of the company’s stock, valued at approximately $3,008,576.16. This represents a 0.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, May 21st, Carmen Amara sold 500 shares of Yelp stock. The stock was sold at an average price of $22.35, for a total value of $11,175.00.

Yelp Price Performance

Shares of NYSE:YELP opened at $23.65 on Friday. Yelp Inc. has a fifty-two week low of $19.60 and a fifty-two week high of $37.85. The business has a 50-day simple moving average of $25.22 and a two-hundred day simple moving average of $26.37. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.74 and a current ratio of 1.74. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 10.80, a price-to-earnings-growth ratio of 2.36 and a beta of 0.47.

Yelp (NYSE:YELP) last released its quarterly earnings results on Thursday, May 7th. The local business review company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The business had revenue of $361.46 million during the quarter, compared to the consensus estimate of $353.47 million. Yelp had a return on equity of 20.19% and a net margin of 9.47%.The business’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.36 EPS. On average, analysts expect that Yelp Inc. will post 1.85 earnings per share for the current year.

Hedge Funds Weigh In On Yelp

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

Analysts Set New Price Targets

Several research analysts have weighed in on YELP shares. Evercore set a $30.00 price target on Yelp in a research note on Monday, May 11th. Weiss Ratings restated a “sell (d+)” rating on shares of Yelp in a report on Monday, May 11th. The Goldman Sachs Group reduced their target price on Yelp from $33.00 to $25.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 17th. Zacks Research upgraded Yelp from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 14th. Finally, Wall Street Zen lowered Yelp from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. 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 target price of $27.88.

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.