Yelp Inc. (NYSE:YELP) CFO David A. Schwarzbach Sells 10,000 Shares of Stock

Yelp Inc. (NYSE:YELP) CFO David A. Schwarzbach sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $35.68, for a total value of $356,800.00. Following the completion of the sale, the chief financial officer now directly owns 209,654 shares in the company, valued at $7,480,454.72. This trade represents a 4.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Yelp Stock Performance

Shares of YELP opened at $35.62 on Tuesday. The stock has a fifty day moving average price of $36.43 and a two-hundred day moving average price of $37.35. Yelp Inc. has a 52-week low of $32.29 and a 52-week high of $41.72. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 0.76 and a beta of 1.02.

Yelp (NYSE:YELP) last issued its quarterly earnings data on Thursday, May 8th. The local business review company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.05. Yelp had a return on equity of 18.07% and a net margin of 9.41%. The firm had revenue of $358.53 million during the quarter, compared to the consensus estimate of $353.48 million. During the same quarter in the previous year, the company posted $0.20 EPS. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, research analysts predict that Yelp Inc. will post 2.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Wall Street Zen upgraded Yelp from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 6th. JPMorgan Chase & Co. reduced their price objective on Yelp from $36.00 to $35.00 and set a “neutral” rating for the company in a research report on Tuesday, April 22nd. Finally, Morgan Stanley reduced their price objective on Yelp from $35.00 to $30.00 and set an “underweight” rating for the company in a research report on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $34.00.

Institutional Investors Weigh In On Yelp

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Asset Management One Co. Ltd. increased its stake in shares of Yelp by 16.9% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,815 shares of the local business review company’s stock valued at $70,000 after buying an additional 263 shares during the period. Allworth Financial LP increased its stake in shares of Yelp by 82.5% in the 4th quarter. Allworth Financial LP now owns 637 shares of the local business review company’s stock valued at $25,000 after buying an additional 288 shares during the period. State of Wyoming increased its stake in shares of Yelp by 3.5% in the 4th quarter. State of Wyoming now owns 9,030 shares of the local business review company’s stock valued at $349,000 after buying an additional 307 shares during the period. Summit Investment Advisors Inc. increased its stake in shares of Yelp by 5.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,767 shares of the local business review company’s stock valued at $262,000 after buying an additional 341 shares during the period. Finally, Martingale Asset Management L P increased its stake in shares of Yelp by 0.8% in the 4th quarter. Martingale Asset Management L P now owns 60,697 shares of the local business review company’s stock valued at $2,349,000 after buying an additional 457 shares during the period. 90.11% of the stock is owned by institutional investors and hedge funds.

Yelp Company 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.