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

Yelp Inc. (NYSE:YELP) insider Carmen Amara sold 500 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $22.84, for a total value of $11,420.00. Following the completion of the sale, the insider owned 131,724 shares of the company’s stock, valued at $3,008,576.16. This trade represents a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 shares were sold at an average price of $22.35, for a total value of $11,175.00.

Yelp Price Performance

YELP stock opened at $21.97 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.74 and a quick ratio of 1.74. The business has a 50 day simple moving average of $25.23 and a 200-day simple moving average of $26.41. The firm has a market capitalization of $1.21 billion, a PE ratio of 10.03, a price-to-earnings-growth ratio of 2.47 and a beta of 0.47. Yelp Inc. has a 1 year low of $19.60 and a 1 year high of $37.92.

Yelp (NYSE:YELP) last posted 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 analyst estimates of $353.47 million. Yelp had a return on equity of 20.19% and a net margin of 9.47%.The business’s revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.36 earnings per share. Equities research analysts anticipate that Yelp Inc. will post 1.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Yelp

Several large investors have recently made changes to their positions in YELP. Royal Bank of Canada lifted its stake in 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 worth $9,352,000 after purchasing an additional 154,612 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Yelp by 0.7% during 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 purchasing an additional 506 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in 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 in the last quarter. Intech Investment Management LLC lifted its stake in 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 in the last quarter. Finally, Strs Ohio acquired a new position in Yelp during the first quarter worth $56,000. 90.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

YELP has been the subject of several analyst reports. Zacks Research raised shares of Yelp from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 14th. Robert W. Baird set a $28.00 price target on shares of Yelp in a research note on Friday, May 8th. Evercore set a $30.00 price target on shares of Yelp in a research note on Monday, May 11th. JPMorgan Chase & Co. increased their price target on shares of Yelp from $22.00 to $26.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Yelp in a research note on Monday, May 11th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $27.88.

About Yelp

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.