Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
In a recent transaction, Yelp Inc.’s (NYSE:YELP) Chief Financial Officer, David A. Schwarzbach, sold 10,000 shares of the company’s common stock. The local business review platform maintains excellent financial health with a 91% gross profit margin and carries minimal debt, according to InvestingPro data. The shares were sold at a weighted average price of $34.31, generating a total of $343,137. This sale was conducted under a 10b5-1 trading plan adopted by Schwarzbach in August 2024. Following the sale, Schwarzbach holds 239,112 shares in the company. The transaction involved multiple sales at prices ranging from $33.91 to $34.63 per share. With the stock currently trading near its 52-week low and showing potential upside according to InvestingPro’s Fair Value analysis, investors seeking deeper insights into insider trading patterns and comprehensive financial analysis can access the full Pro Research Report, available exclusively on InvestingPro.
In other recent news, Yelp Inc. reported stronger-than-expected fourth-quarter results, with adjusted earnings per share reaching $0.62, surpassing the analyst estimate of $0.53. The company’s revenue for the quarter was $361.95 million, exceeding the 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 grew 11% year-over-year to $879 million, which helped offset a 3% decrease in advertising revenue from 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 forward, Yelp projects net revenue for 2025 to be between $1.47 billion and $1.485 billion, aligning closely with analyst expectations. Additionally, Craig-Hallum raised its price target for Yelp’s stock to $48, maintaining a Buy rating, due to optimism about Yelp’s growth in its Home Services sector and investments in artificial intelligence. The firm noted Yelp’s potential for mid-single-digit revenue growth and double-digit earnings growth, even amid ongoing consumer pressures.
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