Yelp Inc. Forecasted to Earn Q4 2024 Earnings of $0.48 Per Share (NYSE:YELP)

Yelp Inc. (NYSE:YELP) – Zacks Research lowered their Q4 2024 earnings estimates for Yelp in a note issued to investors on Thursday, August 29th. Zacks Research analyst R. Department now forecasts that the local business review company will post earnings per share of $0.48 for the quarter, down from their prior estimate of $0.51. The consensus estimate for Yelp’s current full-year earnings is $1.61 per share. Zacks Research also issued estimates for Yelp’s Q4 2025 earnings at $0.58 EPS and Q1 2026 earnings at $0.48 EPS.

A number of other research analysts have also issued reports on YELP. StockNews.com lowered Yelp from a “strong-buy” rating to a “buy” rating in a report on Monday, August 12th. Robert W. Baird dropped their price objective on shares of Yelp from $44.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, May 10th. Morgan Stanley lifted their target price on shares of Yelp from $32.00 to $34.00 and gave the company an “underweight” rating in a report on Tuesday, July 23rd. Craig Hallum cut their price target on shares of Yelp from $55.00 to $48.00 and set a “buy” rating for the company in a report on Friday, May 10th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Yelp from $38.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Yelp presently has an average rating of “Hold” and a consensus price target of $39.00.

Yelp Stock Down 4.0 %

Shares of YELP stock opened at $33.55 on Monday. Yelp has a 52-week low of $32.56 and a 52-week high of $48.99. The stock’s 50-day moving average price is $35.41 and its 200 day moving average price is $37.22. The stock has a market capitalization of $2.26 billion, a PE ratio of 21.37 and a beta of 1.33.

Yelp (NYSE:YELP) last posted its quarterly earnings data on Thursday, August 8th. The local business review company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.27. Yelp had a net margin of 10.01% and a return on equity of 18.71%. The company had revenue of $357.00 million for the quarter, compared to analyst estimates of $352.98 million. During the same period in the previous year, the business posted $0.21 earnings per share. Yelp’s quarterly revenue was up 5.9% on a year-over-year basis.

Hedge Funds Weigh In On Yelp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in YELP. UniSuper Management Pty Ltd purchased a new position in shares of Yelp during the 1st quarter worth approximately $594,000. CastleKnight Management LP raised its holdings in shares of Yelp by 126.7% in the fourth quarter. CastleKnight Management LP now owns 68,925 shares of the local business review company’s stock worth $3,263,000 after acquiring an additional 38,525 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in shares of Yelp by 7.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 61,150 shares of the local business review company’s stock worth $2,409,000 after acquiring an additional 4,306 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Yelp by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,994,129 shares of the local business review company’s stock valued at $94,402,000 after acquiring an additional 13,790 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in shares of Yelp by 7.3% during the first quarter. ProShare Advisors LLC now owns 13,467 shares of the local business review company’s stock valued at $531,000 after acquiring an additional 921 shares during the last quarter. Institutional investors and hedge funds own 90.11% of the company’s stock.

Insider Transactions at Yelp

In other Yelp news, CTO Sam Eaton sold 10,776 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $35.00, for a total value of $377,160.00. Following the completion of the transaction, the chief technology officer now directly owns 145,171 shares of the company’s stock, valued at $5,080,985. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, COO Joseph R. Nachman sold 7,000 shares of Yelp stock in a transaction on Monday, August 5th. The stock was sold at an average price of $33.25, for a total transaction of $232,750.00. Following the completion of the transaction, the chief operating officer now owns 281,842 shares of the company’s stock, valued at approximately $9,371,246.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Sam Eaton sold 10,776 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $35.00, for a total transaction of $377,160.00. Following the completion of the sale, the chief technology officer now directly owns 145,171 shares in the company, valued at $5,080,985. The disclosure for this sale can be found here. Insiders have sold a total of 24,776 shares of company stock valued at $863,590 in the last ninety days. 7.40% of the stock is currently owned by company insiders.

About Yelp

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.