Yelp Inc. (NYSE:YELP) Forecasted to Earn Q1 2024 Earnings of $0.04 Per Share

Yelp Inc. (NYSE:YELP) – Investment analysts at Zacks Research dropped their Q1 2024 earnings per share estimates for shares of Yelp in a report issued on Wednesday, April 17th. Zacks Research analyst R. Department now forecasts that the local business review company will post earnings per share of $0.04 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.

Several other brokerages have also commented on YELP. StockNews.com upgraded Yelp from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 24th. Raymond James started coverage on Yelp in a report on Wednesday, March 27th. They set a “market perform” rating for the company. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Yelp currently has an average rating of “Hold” and a consensus target price of $41.75.

Yelp Trading Down 0.4 %

Shares of YELP opened at $39.40 on Thursday. Yelp has a 12 month low of $26.53 and a 12 month high of $48.99. The stock has a fifty day moving average price of $39.25 and a 200-day moving average price of $42.59. The firm has a market cap of $2.69 billion, a PE ratio of 29.19 and a beta of 1.49.

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

Insider Buying and Selling at Yelp

In other Yelp news, COO Joseph R. Nachman sold 6,000 shares of Yelp stock in a transaction dated 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 transaction, the chief operating officer now owns 312,502 shares in the company, valued at approximately $12,134,452.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Yelp 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 transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Joseph R. Nachman sold 6,000 shares of the firm’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $38.83, for a total value of $232,980.00. Following the sale, the chief operating officer now owns 312,502 shares in the company, valued at $12,134,452.66. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,750 shares of company stock worth $613,213. Insiders own 7.20% of the company’s stock.

Institutional Investors Weigh In On Yelp

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

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.