Zacks Research Forecasts Yelp’s FY2024 Earnings (NYSE:YELP)

Yelp Inc. (NYSE:YELP) – Analysts at Zacks Research upped their FY2024 earnings per share estimates for shares of Yelp in a note issued to investors on Wednesday, November 27th. Zacks Research analyst R. Department now anticipates that the local business review company will post earnings per share of $1.78 for the year, up from their prior estimate of $1.59. The consensus estimate for Yelp’s current full-year earnings is $1.80 per share. Zacks Research also issued estimates for Yelp’s Q1 2025 earnings at $0.28 EPS, Q2 2025 earnings at $0.53 EPS, Q3 2025 earnings at $0.55 EPS, Q4 2025 earnings at $0.56 EPS, FY2025 earnings at $1.92 EPS, Q1 2026 earnings at $0.40 EPS, Q2 2026 earnings at $0.63 EPS, Q3 2026 earnings at $0.65 EPS and FY2026 earnings at $2.34 EPS.

A number of other research analysts also recently weighed in on YELP. StockNews.com raised shares of Yelp from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 11th. Robert W. Baird decreased their target price on Yelp from $39.00 to $37.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Bank of America began coverage on shares of Yelp in a research note on Monday, September 16th. They issued an “underperform” rating and a $30.00 price target on the stock. The Goldman Sachs Group cut shares of Yelp from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $46.00 to $38.00 in a research report on Monday, October 14th. Finally, Evercore ISI upgraded shares of Yelp to a “hold” rating in a research report on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $37.00.

Yelp Trading Down 0.6 %

Shares of YELP stock opened at $38.32 on Monday. The stock has a 50 day moving average of $35.28 and a 200 day moving average of $35.42. Yelp has a twelve month low of $32.56 and a twelve month high of $48.99. The stock has a market cap of $2.52 billion, a P/E ratio of 22.94, a P/E/G ratio of 0.69 and a beta of 1.35.

Hedge Funds Weigh In On Yelp

A number of institutional investors have recently bought and sold shares of YELP. Pacer Advisors Inc. lifted its stake in shares of Yelp by 1.8% in the 3rd quarter. Pacer Advisors Inc. now owns 2,743,899 shares of the local business review company’s stock valued at $96,256,000 after purchasing an additional 48,363 shares during the last quarter. State Street Corp raised its holdings in Yelp by 0.9% in the 3rd quarter. State Street Corp now owns 2,553,227 shares of the local business review company’s stock valued at $89,567,000 after buying an additional 23,719 shares during the period. Geode Capital Management LLC lifted its position in Yelp by 3.8% in the third quarter. Geode Capital Management LLC now owns 1,759,229 shares of the local business review company’s stock valued at $61,724,000 after buying an additional 64,381 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Yelp by 2.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,693,819 shares of the local business review company’s stock valued at $62,587,000 after acquiring an additional 33,046 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Yelp by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,174,607 shares of the local business review company’s stock valued at $41,205,000 after acquiring an additional 56,618 shares during the last quarter. 90.11% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Yelp news, insider Carmen Amara sold 12,854 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $38.17, for a total value of $490,637.18. Following the completion of the sale, the insider now directly owns 88,813 shares of the company’s stock, valued at $3,389,992.21. This trade represents a 12.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Joseph R. Nachman sold 7,000 shares of the business’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $34.02, for a total transaction of $238,140.00. Following the transaction, the chief operating officer now directly owns 255,558 shares in the company, valued at approximately $8,694,083.16. The trade was a 2.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,865 shares of company stock valued at $1,537,218 in the last 90 days. 7.40% of the stock is owned by 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.