Caesars Entertainment misses Q2 earnings expectations, shares edge lower
In a recent transaction, Joseph Nachman, Chief Operating Officer of Yelp Inc. (NYSE:YELP), sold 7,000 shares of common stock, valued at approximately $248,452. The shares were sold at an average price of $35.49, with the transactions occurring on February 24, 2025. The transaction comes at a time when InvestingPro analysis shows Yelp maintaining impressive financial health with a 91% gross profit margin and strong balance sheet metrics. According to InvestingPro’s Fair Value analysis, the stock currently appears undervalued. This sale was conducted as part of a 10b5-1 trading plan, which was adopted by Nachman on March 5, 2024.
Prior to this sale, Nachman also had 24,533 shares withheld to cover tax obligations related to the vesting of restricted stock units, which were valued at $36.59 per share. After these transactions, Nachman holds 277,808 shares of Yelp stock.
In other recent news, Yelp reported strong fourth-quarter earnings, surpassing analyst expectations with an adjusted earnings per share of $0.62, compared to the estimated $0.53. The company’s revenue for the quarter reached $361.95 million, exceeding 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 its services categories rose 11% year-over-year to $879 million, offsetting a 3% decline in the restaurant, retail, and other categories. Yelp’s net income for 2024 increased 34% year-over-year to $133 million, with an adjusted EBITDA growth of 8% year-over-year to $358 million. Looking forward, Yelp projects net revenue between $1.47 billion and $1.485 billion for 2025, aligning with analyst consensus. In related developments, Craig-Hallum raised Yelp’s price target to $48, maintaining a Buy rating due to optimism about Yelp’s growth in its Home Services sector. The firm highlighted Yelp’s investments in artificial intelligence and lead generation as key contributors to its robust performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.