Yelp Inc. [YELP] Insider Activity: An Update for Investors


Yelp Inc.’s recent filing unveils that its Chief Operating Officer Nachman Joseph R unloaded Company’s shares for reported $0.25 million on Aug 25. In the deal valued at $42.00 per share,6,000 shares were sold. As a result of this transaction, Nachman Joseph R now holds 291,232 shares worth roughly $ 13.0 million.

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Then, Schwarzbach David A sold 2,750 shares, generating $119,020 in total proceeds. Upon selling the shares at $43.28, the Chief Financial Officer now owns 230,185 shares.

Before that, Orr Carmen sold 12,468 shares. Yelp Inc. shares valued at $539,257 were divested by the Chief People Officer at a price of $43.25 per share. As a result of the transaction, Orr Carmen now holds 86,580 shares, worth roughly $3.87 million.

Craig Hallum initiated its Yelp Inc. [YELP] rating to a Buy in a research note published on Tuesday, July 28, 2023; the price target was $54. PT values the company’s stock at a premium of 17.31 to its Tuesday closing price.

Price Performance Review of YELP

On Tuesday, Yelp Inc. [NYSE:YELP] saw its stock jump 1.73% to $44.65. On the same session, the stock had its day’s lowest price of $43.30, but rose to a high of $45.28. Over the last five days, the stock has gained 5.13%. Yelp Inc. shares have risen nearly 63.31% since the year began. Nevertheless, the stocks have risen 31.91% over the past one year. While a 52-week high of $47.59 was reached on 08/04/23, a 52-week low of $25.30 was recorded on 05/04/23. SMA at 50 days reached $41.20, while 200 days put it at $33.11. A total of 0.87 million shares were traded, compared to the trading of 0.4 million shares in the previous session.

Levels Of Support And Resistance For YELP Stock

The 24-hour chart illustrates a support level at 43.54, which if violated will result in even more drops to 42.43. On the upside, there is a resistance level at 45.52. A further resistance level may holdings at 46.39. The Relative Strength Index (RSI) on the 14-day chart is 65.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.41, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.29%. Stochastics %K at 94.42% indicates the stock is a selling.

How much short interest is there in Yelp Inc.?

A steep rise in short interest was recorded in Yelp Inc. stocks on Aug 14, 2023, growing by 0.63 million shares to a total of 3.3 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 2.67 million shares. There was a rise of 19.09%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 7.50% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.74.

Yelp Inc. [YELP] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 10,500,626 shares, or roughly 15.25% of the outstanding YELP shares. In other words, the investor’s shares have fallen by -92,726 from its previous 13-F filing of 10593352.0. Additionally, The Vanguard Group, Inc. decreased -1.94% of its stake after which the total value it holdings stand at $413,121,204, while SSgA Funds Management, Inc. reduced -2.88% of its stake to hold $111.92 million in the firm. Over the last quarter, Acadian Asset Management LLC purchased 348,718 shares of Yelp Inc., while River Road Asset Management LLC bought 35,663 shares. At present, Dimensional Fund Advisors LP is holding 1,977,444 shares valued at $89.08 million. Macquarie Investment Management B owned 1,924,119 shares of the company at the time of its most recent 13F filing, worth $86.68 million.

According to FactSet, Yelp Inc.’s share price will average $44.59 in the next year, based on opinions of analysts polled by the firm. This is up nearly 1.39 percent from its previous closing price of $43.89. Analysts expect Yelp Inc. stock to reach the higher price of $60.00, while the lowest price estimate is $32.00. However, 12 analysts have rated YELP stock as a Hold in their predictions for 2023.


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