Yelp Inc. (NYSE:YELP) to Release Quarterly Earnings on Thursday
Yelp Inc. (NYSE:YELP) is set to announce its earnings results after the market closes on Thursday, August 3rd. Analysts expect the company to announce earnings of ($0.03) per share for the quarter.
Yelp (NYSE:YELP) last released its earnings results on Tuesday, May 9th. The local business review company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.02. The company had revenue of $197.32 million during the quarter, compared to the consensus estimate of $198.51 million. Yelp had a return on equity of 0.77% and a net margin of 0.80%. Yelp’s revenue was up 24.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.08 EPS. On average, analysts expect Yelp to post $-0.07 EPS for the current fiscal year and $0.19 EPS for the next fiscal year.
Yelp Inc. (YELP) opened at 32.45 on Thursday. The stock has a market cap of $2.61 billion, a PE ratio of 438.51 and a beta of 1.46. Yelp Inc. has a 52 week low of $26.93 and a 52 week high of $43.41. The stock has a 50 day moving average price of $30.77 and a 200 day moving average price of $33.64.
A number of research analysts have commented on YELP shares. Pacific Crest raised Yelp from a “sector weight” rating to an “overweight” rating and increased their target price for the stock from $33.41 to $43.00 in a report on Tuesday, April 11th. Wells Fargo & Company raised Yelp from an “underperform” rating to a “market perform” rating and set a $27.00 target price on the stock in a report on Friday, May 5th. Vetr downgraded Yelp from a “strong-buy” rating to a “buy” rating and set a $36.94 target price on the stock. in a report on Thursday, April 20th. Jefferies Group LLC reaffirmed a “buy” rating and set a $37.00 target price on shares of Yelp in a report on Friday, June 23rd. Finally, Goldman Sachs Group, Inc. (The) raised Yelp from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $42.00 to $34.00 in a report on Wednesday, May 10th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and sixteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $34.90.
In other news, Director Geoffrey L. Donaker sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $27.65, for a total value of $110,600.00. Following the transaction, the director now directly owns 9,590 shares of the company’s stock, valued at approximately $265,163.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Laurence Wilson sold 3,128 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $28.23, for a total value of $88,303.44. Following the completion of the transaction, the senior vice president now directly owns 181,947 shares in the company, valued at $5,136,363.81. The disclosure for this sale can be found here. Insiders sold a total of 56,251 shares of company stock worth $1,678,950 over the last three months. 10.10% of the stock is owned by company insiders.
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Yelp Company Profile
Yelp Inc (Yelp) connects people with local businesses by bringing ‘word of mouth’ online and providing a platform for businesses and consumers to engage and transact. The Company offers local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences with other consumers by posting reviews, tips, photos and videos, and to engage directly with businesses, through reviews, its Request-A-Quote and Message the Business features, and by completing transactions on the Yelp Platform.
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