Yelp (NYSE:YELP) CFO David Schwarzbach Sells 13,500 Shares of Stock

Yelp Inc. (NYSE:YELP) CFO David Schwarzbach sold 13,500 shares of Yelp stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $30.41, for a total value of $410,535.00. Following the transaction, the chief financial officer directly owned 127,627 shares in the company, valued at approximately $3,881,137.07. This trade represents a 9.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Yelp Stock Performance

Shares of YELP stock traded down $0.05 during trading on Tuesday, hitting $30.59. 1,146,917 shares of the company were exchanged, compared to its average volume of 848,359. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 13.54, a P/E/G ratio of 0.63 and a beta of 0.56. The business’s 50-day simple moving average is $30.75 and its 200 day simple moving average is $32.51. Yelp Inc. has a twelve month low of $27.29 and a twelve month high of $41.72.

Yelp (NYSE:YELP) last released its quarterly earnings data on Thursday, November 6th. The local business review company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.14. Yelp had a net margin of 10.23% and a return on equity of 20.33%. The firm had revenue of $376.04 million for the quarter, compared to analyst estimates of $368.39 million. During the same quarter in the prior year, the business earned $0.56 EPS. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities analysts forecast that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Hudson Bay Capital Management LP acquired a new stake in Yelp in the 3rd quarter worth approximately $55,000. CIBC Private Wealth Group LLC raised its position in shares of Yelp by 100.0% in the third quarter. CIBC Private Wealth Group LLC now owns 892 shares of the local business review company’s stock valued at $28,000 after purchasing an additional 446 shares during the period. CIBC Bancorp USA Inc. bought a new position in shares of Yelp in the third quarter valued at approximately $206,000. Danske Bank A S acquired a new stake in shares of Yelp in the third quarter worth $609,000. Finally, Camelot Portfolios LLC boosted its holdings in shares of Yelp by 35.8% during the 3rd quarter. Camelot Portfolios LLC now owns 10,740 shares of the local business review company’s stock worth $335,000 after buying an additional 2,829 shares during the period. Institutional investors and hedge funds own 90.11% of the company’s stock.

Wall Street Analysts Forecast Growth

YELP has been the topic of a number of research reports. Zacks Research downgraded shares of Yelp from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. Weiss Ratings restated a “hold (c-)” rating on shares of Yelp in a research note on Tuesday, October 14th. Jefferies Financial Group raised their price target on Yelp from $31.00 to $32.00 and gave the stock a “hold” rating in a research note on Thursday, December 11th. Wall Street Zen upgraded Yelp from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Finally, Evercore ISI lowered their price target on Yelp from $45.00 to $38.00 and set an “outperform” rating for the company in a research note on Monday, November 10th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $32.17.

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.