Yelp Inc.’s (NYSE:YELP) Chief Operating Officer Joseph Nachman recently executed a series of stock transactions, according to an SEC filing. The company, which maintains impressive gross profit margins of 91% and carries minimal debt, continues to show strong financial health according to InvestingPro analysis. On March 6, Nachman sold a total of 20,325 shares of Yelp common stock, generating approximately $690,653. The shares were sold at prices ranging from $33.9705 to $34.3656 per share.
In addition to the sales, Nachman acquired 13,325 shares through the exercise of stock options at a price of $20.47 per share, valued at $272,762. Another acquisition involved 19,867 shares of performance-based restricted stock units, which were granted at no cost. These transactions reflect Nachman’s ongoing management of his equity position in the company.
In other recent news, Yelp Inc. reported impressive fourth-quarter earnings, with adjusted earnings per share reaching $0.62, surpassing the analyst estimate of $0.53. The company also exceeded revenue expectations, posting $361.95 million for the quarter against a consensus estimate of $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% increase, reaching $879 million, which helped offset a 3% decline in the restaurant, retail, and other categories. Yelp’s net income for 2024 rose by 34% year-over-year to $133 million, with an adjusted EBITDA growth of 8% to $358 million.
The company projects net revenue for 2025 to be between $1.47 billion and $1.485 billion, aligning with analyst expectations. Additionally, Craig-Hallum raised Yelp’s price target to $48.00, up from $44.00, while maintaining a Buy rating, citing optimism in Yelp’s Home Services sector growth and solid execution. Analyst Jason Kreyer from Craig-Hallum noted Yelp’s strategic investments in AI and lead generation as key factors contributing to its strong performance. The company’s guidance for fiscal year 2025 suggests ongoing positive trends, positioning Yelp for potential gains as consumer patterns improve.
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