Yelp (YELP) Posts Quarterly Earnings Results, Hits Estimates

Yelp (NYSE:YELP) posted its quarterly earnings data on Thursday. The local business review company reported $0.02 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.02, Briefing.com reports. Yelp had a net margin of 6.17% and a return on equity of 3.99%. The business had revenue of $235.94 million during the quarter, compared to analyst estimates of $234.96 million. During the same quarter last year, the firm posted ($0.03) earnings per share. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. Yelp updated its Q2 2019 guidance to EPS and its FY 2019 guidance to EPS.

YELP stock traded down $5.71 during midday trading on Friday, reaching $34.02. 11,215,270 shares of the company were exchanged, compared to its average volume of 1,180,986. Yelp has a 1-year low of $29.33 and a 1-year high of $52.50. The stock has a market cap of $3.26 billion, a P/E ratio of 75.60, a PEG ratio of 2.33 and a beta of 0.97.

Several analysts recently weighed in on the stock. ValuEngine cut shares of Yelp from a “hold” rating to a “sell” rating in a report on Friday. B. Riley cut shares of Yelp from a “buy” rating to a “neutral” rating and reduced their target price for the company from $50.00 to $42.00 in a report on Friday. BMO Capital Markets assumed coverage on shares of Yelp in a report on Wednesday, April 17th. They issued an “outperform” rating on the stock. Zacks Investment Research cut shares of Yelp from a “buy” rating to a “hold” rating in a report on Monday, February 18th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $38.00 target price on shares of Yelp in a report on Friday. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $39.33.



In other Yelp news, Director Geoffrey L. Donaker sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $39.72, for a total transaction of $79,440.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Alan Ramsay sold 19,774 shares of the firm’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $38.27, for a total transaction of $756,750.98. Following the sale, the insider now directly owns 33,750 shares in the company, valued at approximately $1,291,612.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,774 shares of company stock worth $989,091. 9.00% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in shares of Yelp by 0.4% in the 1st quarter. BlackRock Inc. now owns 10,890,223 shares of the local business review company’s stock valued at $375,714,000 after acquiring an additional 41,724 shares during the period. Vanguard Group Inc. increased its holdings in shares of Yelp by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 6,889,974 shares of the local business review company’s stock valued at $338,987,000 after acquiring an additional 42,759 shares during the period. Prescott General Partners LLC increased its holdings in shares of Yelp by 8.0% in the 4th quarter. Prescott General Partners LLC now owns 5,943,732 shares of the local business review company’s stock valued at $207,971,000 after acquiring an additional 440,950 shares during the period. SQN Investors LP increased its holdings in shares of Yelp by 43.3% in the 4th quarter. SQN Investors LP now owns 3,337,931 shares of the local business review company’s stock valued at $116,794,000 after acquiring an additional 1,008,338 shares during the period. Finally, Fisher Asset Management LLC increased its holdings in shares of Yelp by 6.7% in the 4th quarter. Fisher Asset Management LLC now owns 3,148,840 shares of the local business review company’s stock valued at $110,178,000 after acquiring an additional 197,640 shares during the period. 96.19% of the stock is currently owned by institutional investors.

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About Yelp

Yelp Inc operates a platform that connects consumers with local businesses in the United States, Canada, and internationally. The company's platform covers various local business categories, including restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others.

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Earnings History for Yelp (NYSE:YELP)

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