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

Yelp Inc. (NYSE:YELP) insider Craig Saldanha sold 1,200 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $32.98, for a total transaction of $39,576.00. Following the completion of the transaction, the insider owned 201,300 shares in the company, valued at $6,638,874. This represents a 0.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, October 1st, Craig Saldanha sold 1,200 shares of Yelp stock. The shares were sold at an average price of $30.93, for a total transaction of $37,116.00.
• On Tuesday, September 2nd, Craig Saldanha sold 1,200 shares of Yelp stock. The stock was 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 transaction of $32,330.00.

Yelp Stock Performance

YELP opened at $31.36 on Wednesday. The firm’s fifty day moving average is $32.00 and its two-hundred day moving average is $34.04. The firm has a market cap of $1.98 billion, a PE ratio of 14.19, a price-to-earnings-growth ratio of 0.81 and a beta of 0.98. Yelp Inc. has a twelve month low of $29.96 and a twelve month high of $41.72.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Bank of America cut their target price on shares of Yelp from $31.00 to $30.00 and set an “underperform” rating on the stock in a report on Friday, August 8th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Yelp in a report on Tuesday, October 14th. Wall Street Zen downgraded shares of Yelp from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 9th. Evercore ISI set a $45.00 price objective on shares of Yelp and gave the stock an “outperform” rating in a research report on Monday, October 13th. Finally, Zacks Research downgraded shares of Yelp from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $35.00.

Institutional Investors Weigh In On Yelp

Several large investors have recently made changes to their positions in YELP. LSV Asset Management grew its position in Yelp by 122.8% in the first quarter. LSV Asset Management now owns 1,902,318 shares of the local business review company’s stock valued at $70,443,000 after purchasing an additional 1,048,451 shares in the last quarter. Qube Research & Technologies Ltd grew its position in Yelp by 399.0% in the second quarter. Qube Research & Technologies Ltd now owns 725,214 shares of the local business review company’s stock valued at $24,853,000 after purchasing an additional 579,894 shares in the last quarter. Jupiter Asset Management Ltd. grew its position in Yelp by 268.1% in the second quarter. Jupiter Asset Management Ltd. now owns 753,173 shares of the local business review company’s stock valued at $25,811,000 after purchasing an additional 548,586 shares in the last quarter. American Century Companies Inc. grew its position in Yelp by 217.2% in the second quarter. American Century Companies Inc. now owns 551,212 shares of the local business review company’s stock valued at $18,890,000 after purchasing an additional 377,441 shares in the last quarter. Finally, Nuveen LLC bought a new position in Yelp in the first quarter valued at $13,811,000. Institutional investors own 90.11% of the company’s stock.

About Yelp

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.