Q1 2024 EPS Estimates for Yelp Inc. Cut by Zacks Research (NYSE:YELP)

Yelp Inc. (NYSE:YELP - Free Report) - Equities researchers at Zacks Research lowered their Q1 2024 earnings per share estimates for shares of Yelp in a research report issued on Wednesday, April 17th. Zacks Research analyst R. Department now forecasts that the local business review company will post earnings of $0.04 per share for the quarter, down from their prior estimate of $0.06. The consensus estimate for Yelp's current full-year earnings is $1.53 per share. Zacks Research also issued estimates for Yelp's Q4 2024 earnings at $0.54 EPS, Q1 2026 earnings at $0.49 EPS and FY2026 earnings at $2.25 EPS.

Yelp (NYSE:YELP - Get Free Report) last announced its quarterly earnings data on Thursday, February 15th. The local business review company reported $0.37 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.37. Yelp had a net margin of 7.42% and a return on equity of 14.06%. The business had revenue of $342.38 million during the quarter, compared to analyst estimates of $341.83 million. During the same period last year, the firm posted $0.28 EPS. The company's revenue was up 10.8% on a year-over-year basis.

YELP has been the subject of a number of other reports. StockNews.com raised shares of Yelp from a "buy" rating to a "strong-buy" rating in a report on Saturday, February 24th. Raymond James started coverage on shares of Yelp in a report on Wednesday, March 27th. They set a "market perform" rating for the company. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $41.75.

Yelp Stock Performance

YELP traded down $0.16 during trading on Thursday, reaching $39.40. 500,632 shares of the company traded hands, compared to its average volume of 765,874. Yelp has a 12-month low of $26.53 and a 12-month high of $48.99. The firm has a fifty day simple moving average of $39.25 and a 200 day simple moving average of $42.59. The company has a market cap of $2.69 billion, a P/E ratio of 29.19 and a beta of 1.49.

Insider Buying and Selling

In related news, CFO David A. Schwarzbach sold 2,750 shares of the firm's stock in a transaction on Monday, April 15th. The stock was sold at an average price of $40.63, for a total value of $111,732.50. Following the completion of the sale, the chief financial officer now directly owns 258,848 shares in the company, valued at $10,516,994.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, COO Joseph R. Nachman sold 6,000 shares of Yelp stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $38.83, for a total transaction of $232,980.00. Following the completion of the sale, the chief operating officer now directly owns 312,502 shares in the company, valued at $12,134,452.66. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO David A. Schwarzbach sold 2,750 shares of Yelp stock in a transaction on Monday, April 15th. The stock was sold at an average price of $40.63, for a total value of $111,732.50. Following the sale, the chief financial officer now owns 258,848 shares of the company's stock, valued at $10,516,994.24. The disclosure for this sale can be found here. Insiders sold a total of 14,750 shares of company stock worth $613,213 over the last three months. 7.20% of the stock is owned by insiders.

Institutional Trading of Yelp

Institutional investors and hedge funds have recently made changes to their positions in the company. C M Bidwell & Associates Ltd. bought a new stake in shares of Yelp in the fourth quarter valued at about $27,000. Ronald Blue Trust Inc. raised its holdings in shares of Yelp by 96.6% in the third quarter. Ronald Blue Trust Inc. now owns 755 shares of the local business review company's stock valued at $31,000 after acquiring an additional 371 shares in the last quarter. Dark Forest Capital Management LP raised its holdings in shares of Yelp by 83.6% in the first quarter. Dark Forest Capital Management LP now owns 1,166 shares of the local business review company's stock valued at $36,000 after acquiring an additional 531 shares in the last quarter. Belpointe Asset Management LLC raised its holdings in shares of Yelp by 221.1% in the first quarter. Belpointe Asset Management LLC now owns 1,204 shares of the local business review company's stock valued at $37,000 after acquiring an additional 829 shares in the last quarter. Finally, Daiwa Securities Group Inc. bought a new stake in shares of Yelp in the fourth quarter valued at about $43,000. 90.11% of the stock is currently owned by institutional investors.

Yelp Company Profile

Yelp Inc operates a platform that connects consumers with local businesses in the United States and internationally. The company's platform covers various categories, including restaurants, shopping, beauty and fitness, health, and other categories, as well as home, local, auto, professional, pets, events, real estate, and financial services.