Q3 2024 EPS Estimates for Yelp Inc. Raised by Zacks Research (NYSE:YELP)

Yelp Inc. (NYSE:YELP) – Equities researchers at Zacks Research upped their Q3 2024 earnings per share (EPS) estimates for shares of Yelp in a research note issued to investors on Wednesday, April 17th. Zacks Research analyst R. Department now forecasts that the local business review company will post earnings of $0.51 per share for the quarter, up from their previous forecast of $0.48. The consensus estimate for Yelp’s current full-year earnings is $1.53 per share. Zacks Research also issued estimates for Yelp’s FY2024 earnings at $1.45 EPS, Q1 2025 earnings at $0.37 EPS, Q2 2025 earnings at $0.50 EPS, Q3 2025 earnings at $0.54 EPS, Q4 2025 earnings at $0.54 EPS and FY2025 earnings at $1.95 EPS.

Yelp (NYSE:YELP) last posted its quarterly earnings results on Thursday, February 15th. The local business review company reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. The business had revenue of $342.38 million for the quarter, compared to analyst estimates of $341.83 million. Yelp had a return on equity of 14.06% and a net margin of 7.42%. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.28 EPS.

Other analysts also recently issued reports about the company. Raymond James initiated coverage on Yelp in a research report on Wednesday, March 27th. They set a “market perform” rating for the company. StockNews.com raised Yelp from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 24th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $41.75.

Yelp Trading Down 0.3 %

Shares of NYSE:YELP opened at $39.29 on Friday. The business has a 50-day moving average price of $39.13 and a 200 day moving average price of $42.57. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 29.10 and a beta of 1.49. Yelp has a 12-month low of $26.53 and a 12-month high of $48.99.

Institutional Investors Weigh In On Yelp

Several institutional investors have recently added to or reduced their stakes in the business. Wealthstar Advisors LLC lifted its stake in Yelp by 40.8% in the first quarter. Wealthstar Advisors LLC now owns 9,062 shares of the local business review company’s stock valued at $357,000 after buying an additional 2,625 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in Yelp in the fourth quarter valued at approximately $96,000. Price T Rowe Associates Inc. MD lifted its stake in Yelp by 49.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 50,754 shares of the local business review company’s stock valued at $2,404,000 after buying an additional 16,711 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in Yelp by 0.6% in the fourth quarter. Nuveen Asset Management LLC now owns 1,170,459 shares of the local business review company’s stock valued at $55,410,000 after buying an additional 7,052 shares during the last quarter. Finally, Prelude Capital Management LLC purchased a new stake in Yelp in the fourth quarter valued at approximately $230,000. Hedge funds and other institutional investors own 90.11% of the company’s stock.

Insider Activity

In other news, CFO David A. Schwarzbach sold 2,750 shares of Yelp stock in a transaction dated 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 transaction, the chief financial officer now owns 258,848 shares in the company, valued at approximately $10,516,994.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, COO Joseph R. Nachman sold 6,000 shares of the business’s stock in a transaction that occurred 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 owns 312,502 shares in the company, valued at $12,134,452.66. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO David A. Schwarzbach sold 2,750 shares of the business’s stock in a transaction that occurred 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 approximately $10,516,994.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,750 shares of company stock worth $613,213. 7.20% of the stock is currently owned by company 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.