Yelp (NYSE:YELP) Announces Earnings Results, Beats Estimates By $0.05 EPS

Yelp (NYSE:YELP - Get Free Report) posted its earnings results on Thursday, May 8th. The local business review company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.05, Zacks reports. Yelp had a net margin of 9.41% and a return on equity of 18.07%. The company had revenue of $358.53 million during the quarter, compared to analysts' expectations of $353.48 million. During the same quarter last year, the company posted $0.20 EPS. Yelp's quarterly revenue was up 7.7% compared to the same quarter last year. Yelp updated its FY 2025 guidance to EPS.

Yelp Trading Down 2.2%

Shares of NYSE:YELP traded down $0.91 during midday trading on Thursday, reaching $40.02. The company had a trading volume of 71,444 shares, compared to its average volume of 730,510. Yelp has a 52-week low of $32.29 and a 52-week high of $41.72. The stock has a market cap of $2.60 billion, a P/E ratio of 20.85, a P/E/G ratio of 0.76 and a beta of 0.99. The company's 50 day moving average price is $35.63 and its 200 day moving average price is $37.10.

Analysts Set New Price Targets

YELP has been the topic of several recent research reports. JPMorgan Chase & Co. cut their target price on shares of Yelp from $36.00 to $35.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Morgan Stanley dropped their price target on shares of Yelp from $35.00 to $30.00 and set an "underweight" rating on the stock in a research report on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $34.00.

Insider Transactions at Yelp

In other news, insider Carmen Amara sold 1,500 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $33.16, for a total value of $49,740.00. Following the completion of the sale, the insider now directly owns 107,207 shares in the company, valued at approximately $3,554,984.12. The trade was a 1.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Sam Eaton sold 21,989 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $35.70, for a total transaction of $785,007.30. Following the completion of the sale, the chief technology officer now owns 153,159 shares of the company's stock, valued at approximately $5,467,776.30. The trade was a 12.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 57,727 shares of company stock valued at $2,025,717. 8.00% of the stock is currently owned by corporate insiders.

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.