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SAN FRANCISCO—Amara Carmen, Chief People Officer at Yelp Inc. (NYSE:YELP), recently sold 1,500 shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The shares were sold at a price of $33.16 each, totaling $49,739. The transaction comes as Yelp trades near its 52-week low, with InvestingPro analysis suggesting the stock is currently undervalued.
Following this transaction, Carmen holds 107,207 shares of Yelp stock. The sale was conducted under a 10b5-1 trading plan, which was adopted by Carmen on November 13, 2024. This type of plan allows company insiders to set up a predetermined schedule for selling stocks to avoid any potential accusations of insider trading. Despite recent market movements, Yelp maintains impressive gross profit margins above 90% and a strong financial health rating according to InvestingPro metrics.
Yelp, headquartered in San Francisco, continues to be a significant player in the online review and local search services industry. The company’s solid balance sheet, with more cash than debt and strong liquidity ratios, positions it well for future growth. For detailed insights and 10+ additional ProTips about Yelp’s financial outlook, visit InvestingPro.
In other recent news, Yelp Inc. reported impressive fourth-quarter earnings, beating analyst expectations with an adjusted earnings per share of $0.62, compared to the projected $0.53. The company’s revenue for the quarter reached $361.95 million, surpassing the consensus estimate of $351.61 million. For the full year 2024, Yelp achieved a record net revenue of $1.41 billion, marking a 6% increase year-over-year. Advertising revenue from services categories rose by 11% to $879 million, offsetting a 3% decline in restaurant, retail, and other categories.
Yelp’s net income for 2024 increased by 34% to $133 million, with a net income margin of 9%. The company also reported an 8% growth in adjusted EBITDA, reaching $358 million with a 25% margin. Looking ahead, Yelp provided a positive outlook for 2025, forecasting net revenue between $1.47 billion and $1.485 billion, aligning with the analyst consensus of $1.48 billion. Additionally, Craig-Hallum raised Yelp’s stock price target to $48.00, up from $44.00, maintaining a Buy rating due to Yelp’s strong growth in its Home Services sector. The firm cited Yelp’s strategic investments in AI and lead generation as key factors for this optimism.
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