Q1 2024 EPS Estimates for Yelp Inc. Decreased by Analyst (NYSE:YELP)

Yelp Inc. (NYSE:YELP) – Stock analysts at Zacks Research reduced their Q1 2024 earnings estimates for Yelp in a research note issued on Wednesday, April 17th. Zacks Research analyst R. Department now forecasts that the local business review company will earn $0.04 per share for the quarter, down from their previous 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) last released its earnings results on Thursday, February 15th. The local business review company reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. The firm had revenue of $342.38 million for the quarter, compared to analyst estimates of $341.83 million. Yelp had a net margin of 7.42% and a return on equity of 14.06%. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period last year, the firm earned $0.28 EPS.

A number of other analysts also recently weighed in on the stock. StockNews.com raised shares of Yelp from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 24th. Raymond James initiated coverage on shares of Yelp in a report on Wednesday, March 27th. They set a “market perform” rating for the company. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $41.75.

Yelp Trading Down 0.3 %

Shares of Yelp stock opened at $39.29 on Thursday. The company has a 50 day moving average of $39.13 and a 200-day moving average of $42.57. Yelp has a 1-year low of $26.53 and a 1-year high of $48.99. The company has a market cap of $2.68 billion, a PE ratio of 29.10 and a beta of 1.49.

Institutional Investors Weigh In On Yelp

Institutional investors have recently modified their holdings of the company. C M Bidwell & Associates Ltd. bought a new stake in shares of Yelp in the 4th quarter valued at $27,000. Ronald Blue Trust Inc. boosted its stake in shares of Yelp by 96.6% in the 3rd quarter. Ronald Blue Trust Inc. now owns 755 shares of the local business review company’s stock valued at $31,000 after purchasing an additional 371 shares during the last quarter. Dark Forest Capital Management LP boosted its stake in shares of Yelp by 83.6% in the 1st quarter. Dark Forest Capital Management LP now owns 1,166 shares of the local business review company’s stock valued at $36,000 after purchasing an additional 531 shares during the last quarter. Belpointe Asset Management LLC boosted its stake in shares of Yelp by 221.1% in the 1st quarter. Belpointe Asset Management LLC now owns 1,204 shares of the local business review company’s stock valued at $37,000 after purchasing an additional 829 shares during the last quarter. Finally, Daiwa Securities Group Inc. acquired a new position in shares of Yelp during the 4th quarter valued at $43,000. 90.11% of the stock is owned by institutional investors.

Insider Activity at Yelp

In related news, CFO David A. Schwarzbach sold 2,750 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were 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 of the company’s stock, valued at approximately $10,516,994.24. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Yelp news, CFO David A. Schwarzbach sold 2,750 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $40.63, for a total transaction of $111,732.50. Following the sale, the chief financial officer now directly owns 258,848 shares of the company’s stock, valued at approximately $10,516,994.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 sale, the chief operating officer now directly owns 312,502 shares in the company, valued at $12,134,452.66. The disclosure for this sale can be found here. Insiders sold a total of 14,750 shares of company stock valued at $613,213 in the last quarter. Insiders own 7.20% 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.