Zacks Research Estimates Yelp’s FY2028 Earnings (NYSE:YELP)

Yelp Inc. (NYSE:YELP) – Zacks Research issued their FY2028 EPS estimates for Yelp in a research report issued on Thursday, March 5th. Zacks Research analyst Team anticipates that the local business review company will earn $2.55 per share for the year. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Yelp’s current full-year earnings is $2.22 per share.

Several other equities research analysts also recently commented on YELP. Morgan Stanley lowered their price objective on shares of Yelp from $30.00 to $28.00 and set an “underweight” rating for the company in a research note on Tuesday, January 13th. Evercore cut their target price on Yelp from $45.00 to $38.00 and set an “outperform” rating on the stock in a research report on Monday, November 10th. Wall Street Zen lowered Yelp from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Jefferies Financial Group lifted their price target on Yelp from $31.00 to $32.00 and gave the stock a “hold” rating in a research report on Thursday, December 11th. Finally, Robert W. Baird set a $25.00 price target on Yelp in a research note on Friday, February 13th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $28.50.

Yelp Trading Down 1.3%

Shares of Yelp stock opened at $24.22 on Monday. The firm’s 50 day simple moving average is $25.89 and its two-hundred day simple moving average is $29.24. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 0.62 and a beta of 0.56. Yelp has a 12-month low of $19.60 and a 12-month high of $41.22.

Yelp (NYSE:YELP) last announced its quarterly earnings data on Thursday, February 12th. The local business review company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.47 by $0.14. The firm had revenue of $359.99 million during the quarter, compared to analyst estimates of $358.70 million. Yelp had a net margin of 9.94% and a return on equity of 19.96%. Yelp’s revenue was down .5% on a year-over-year basis. During the same period last year, the firm posted $0.62 EPS.

Insider Activity

In other news, CEO Jeremy Stoppelman sold 6,200 shares of the stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $24.20, for a total value of $150,040.00. Following the sale, the chief executive officer owned 964,827 shares in the company, valued at $23,348,813.40. This represents a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dan Jedda sold 1,464 shares of the firm’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $21.02, for a total transaction of $30,773.28. Following the transaction, the director directly owned 17,100 shares of the company’s stock, valued at approximately $359,442. This trade represents a 7.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 236,264 shares of company stock valued at $6,501,015 in the last ninety days. Insiders own 7.40% of the company’s stock.

Hedge Funds Weigh In On Yelp

A number of institutional investors have recently modified their holdings of YELP. Advisors Asset Management Inc. grew its position in Yelp by 14.5% during the second quarter. Advisors Asset Management Inc. now owns 3,056 shares of the local business review company’s stock valued at $105,000 after buying an additional 386 shares during the period. California State Teachers Retirement System raised its position in shares of Yelp by 0.7% in the second quarter. California State Teachers Retirement System now owns 58,298 shares of the local business review company’s stock worth $1,998,000 after acquiring an additional 393 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Yelp by 6.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,204 shares of the local business review company’s stock worth $219,000 after acquiring an additional 408 shares during the period. Pinnacle Holdings LLC boosted its stake in shares of Yelp by 1.2% during the 3rd quarter. Pinnacle Holdings LLC now owns 35,838 shares of the local business review company’s stock worth $1,118,000 after acquiring an additional 413 shares in the last quarter. Finally, CWA Asset Management Group LLC grew its position in shares of Yelp by 2.2% during the 4th quarter. CWA Asset Management Group LLC now owns 19,871 shares of the local business review company’s stock valued at $604,000 after acquiring an additional 436 shares during the period. Hedge funds and other institutional investors own 90.11% of the company’s stock.

About Yelp

Yelp is a digital platform that connects consumers with local businesses through user-generated reviews, ratings and multimedia content. The company’s flagship offerings include the Yelp website and mobile applications for iOS and Android, where users can search for and discover restaurants, shops, service providers and other points of interest. In addition to crowd-sourced reviews and photographs, Yelp provides business profile pages featuring hours, contact information, menus and direct messaging capabilities.

Yelp generates revenue primarily through advertising services sold to small and medium-sized enterprises.