Amara Carmen, Chief People Officer at Yelp Inc. (NYSE:YELP), recently sold 11,238 shares of the company’s common stock. The shares were sold at an average price of approximately $35.00, generating a total of $393,331. According to InvestingPro analysis, Yelp currently appears undervalued, with the company maintaining impressive gross profit margins of 91.2% and a strong financial health rating of "GREAT." This transaction was executed on March 7 under a pre-established 10b5-1 trading plan. Following the sale, Carmen holds 108,123 shares of Yelp stock. Prior to this sale, on March 6, Carmen acquired 12,154 shares due to the vesting of performance-based restricted stock units, which were granted based on the achievement of specific performance goals. Notably, while this insider sale occurred, management has been actively buying back shares, demonstrating confidence in the company’s value. Get access to 8 more key insights about Yelp with InvestingPro.
In other recent news, Yelp reported better-than-expected fourth-quarter earnings, with adjusted earnings per share reaching $0.62, surpassing the analyst estimate of $0.53. The company also exceeded revenue expectations for the quarter, bringing in $361.95 million compared to the anticipated $351.61 million. For the full year 2024, Yelp achieved record net revenue of $1.41 billion, marking a 6% increase year-over-year. Advertising revenue from services categories saw an 11% rise to $879 million, offsetting a 3% decline in the restaurant, retail, and other categories. Yelp’s net income for 2024 increased by 34% year-over-year to $133 million, with an adjusted EBITDA growth of 8% to $358 million. Looking ahead, Yelp projects 2025 net revenue between $1.47 billion and $1.485 billion, aligning with analyst expectations. Additionally, Craig-Hallum raised Yelp’s stock price target to $48, maintaining a Buy rating, citing optimism in Yelp’s growth, especially in the Home Services sector. Analyst Jason Kreyer highlighted the company’s investments in AI and lead generation as key drivers of strong results, despite macroeconomic pressures. Yelp’s positive outlook for 2025 is supported by its solid execution and anticipated earnings growth.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.