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

Yelp Inc. (NYSE:YELP) insider Craig Saldanha sold 1,200 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $30.93, for a total transaction of $37,116.00. Following the completion of the transaction, the insider owned 202,500 shares in the company, valued at $6,263,325. The trade was a 0.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Tuesday, September 2nd, Craig Saldanha sold 1,200 shares of Yelp stock. The shares were sold at an average price of $31.17, for a total transaction of $37,404.00.
• On Monday, August 25th, Craig Saldanha sold 1,000 shares of Yelp stock. The stock was sold at an average price of $32.33, for a total value of $32,330.00.
• On Wednesday, July 23rd, Craig Saldanha sold 1,000 shares of Yelp stock. The stock was sold at an average price of $35.23, for a total value of $35,230.00.

Yelp Stock Performance

NYSE:YELP opened at $31.49 on Thursday. The stock has a 50-day simple moving average of $32.10 and a two-hundred day simple moving average of $34.56. Yelp Inc. has a 52-week low of $29.96 and a 52-week high of $41.72. The firm has a market capitalization of $1.99 billion, a PE ratio of 14.25, a P/E/G ratio of 0.78 and a beta of 0.98.

Yelp (NYSE:YELP) last posted its quarterly earnings data on Thursday, August 7th. The local business review company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.48 by $0.19. The firm had revenue of $370.39 million for the quarter, compared to the consensus estimate of $365.71 million. Yelp had a return on equity of 20.17% and a net margin of 10.28%.The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 earnings per share. Yelp has set its FY 2025 guidance at EPS. Equities analysts forecast that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Yelp

Several institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. boosted its holdings in shares of Yelp by 2.2% during the 1st quarter. Principal Financial Group Inc. now owns 374,536 shares of the local business review company’s stock valued at $13,869,000 after purchasing an additional 8,239 shares during the last quarter. Jump Financial LLC bought a new stake in Yelp in the 1st quarter worth approximately $1,945,000. Elevate Capital Advisors LLC purchased a new stake in shares of Yelp during the 1st quarter worth approximately $2,766,000. Jefferies Financial Group Inc. boosted its position in shares of Yelp by 169.1% during the 1st quarter. Jefferies Financial Group Inc. now owns 16,662 shares of the local business review company’s stock valued at $617,000 after acquiring an additional 10,471 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Yelp by 272.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 56,595 shares of the local business review company’s stock valued at $2,160,000 after purchasing an additional 41,400 shares in the last quarter. 90.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

YELP has been the subject of a number of analyst reports. Wall Street Zen cut shares of Yelp from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 9th. Bank of America cut their price target on Yelp from $31.00 to $30.00 and set an “underperform” rating for the company in a research note on Friday, August 8th. Four analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $34.00.

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.