Zacks Research Brokers Reduce Earnings Estimates for Yelp

Yelp Inc. (NYSE:YELP - Free Report) - Research analysts at Zacks Research reduced their Q2 2026 earnings per share (EPS) estimates for Yelp in a report released on Tuesday, April 22nd. Zacks Research analyst R. Department now forecasts that the local business review company will post earnings per share of $0.61 for the quarter, down from their prior estimate of $0.67. The consensus estimate for Yelp's current full-year earnings is $2.22 per share. Zacks Research also issued estimates for Yelp's Q3 2026 earnings at $0.62 EPS, Q4 2026 earnings at $0.60 EPS and FY2026 earnings at $2.35 EPS.

A number of other brokerages also recently issued reports on YELP. Morgan Stanley lowered their price objective on Yelp from $35.00 to $30.00 and set an "underweight" rating on the stock in a research report on Thursday, April 17th. JPMorgan Chase & Co. lowered their price target on Yelp from $36.00 to $35.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $36.33.

Yelp Stock Down 2.6 %

Shares of YELP stock traded down $0.92 on Friday, reaching $34.88. The company's stock had a trading volume of 151,071 shares, compared to its average volume of 737,603. Yelp has a 12-month low of $32.29 and a 12-month high of $41.72. The company has a market capitalization of $2.27 billion, a P/E ratio of 18.17, a PEG ratio of 0.76 and a beta of 1.08. The stock's 50 day simple moving average is $35.04 and its 200-day simple moving average is $36.90.

Yelp (NYSE:YELP - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The local business review company reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.09. Yelp had a return on equity of 18.07% and a net margin of 9.41%. The company had revenue of $361.95 million for the quarter, compared to the consensus estimate of $350.73 million.

Institutional Trading of Yelp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Asset Management One Co. Ltd. raised its holdings in Yelp by 16.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,815 shares of the local business review company's stock worth $70,000 after purchasing an additional 263 shares in the last quarter. Allworth Financial LP grew its stake in shares of Yelp by 82.5% in the fourth quarter. Allworth Financial LP now owns 637 shares of the local business review company's stock worth $25,000 after acquiring an additional 288 shares during the last quarter. State of Wyoming grew its stake in shares of Yelp by 3.5% in the fourth quarter. State of Wyoming now owns 9,030 shares of the local business review company's stock worth $349,000 after acquiring an additional 307 shares during the last quarter. Summit Investment Advisors Inc. grew its stake in shares of Yelp by 5.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,767 shares of the local business review company's stock worth $262,000 after acquiring an additional 341 shares during the last quarter. Finally, Martingale Asset Management L P grew its stake in shares of Yelp by 0.8% in the fourth quarter. Martingale Asset Management L P now owns 60,697 shares of the local business review company's stock worth $2,349,000 after acquiring an additional 457 shares during the last quarter. Institutional investors own 90.11% of the company's stock.

Insiders Place Their Bets

In other Yelp news, 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 value of $785,007.30. Following the completion of the sale, the chief technology officer now owns 153,159 shares in the company, valued at approximately $5,467,776.30. The trade was a 12.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Craig Saldanha sold 1,000 shares of the business's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $36.34, for a total value of $36,340.00. Following the completion of the sale, the insider now owns 223,512 shares of the company's stock, valued at $8,122,426.08. The trade was a 0.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 57,727 shares of company stock valued at $2,025,717 in the last ninety days. Company insiders own 7.40% of the company's stock.

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.