Analysts expect Yelp Inc (NYSE:YELP) to post $214.96 million in sales for the current fiscal quarter, Zacks Investment Research reports. Fourteen analysts have provided estimates for Yelp’s earnings. The highest sales estimate is $217.00 million and the lowest is $213.57 million. Yelp posted sales of $194.80 million during the same quarter last year, which suggests a positive year over year growth rate of 10.3%. The company is expected to issue its next quarterly earnings results on Thursday, February 8th.

According to Zacks, analysts expect that Yelp will report full-year sales of $214.96 million for the current year, with estimates ranging from $842.14 million to $863.80 million. For the next fiscal year, analysts expect that the firm will report sales of $953.84 million per share, with estimates ranging from $936.39 million to $968.10 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Yelp.

Yelp (NYSE:YELP) last released its earnings results on Wednesday, November 1st. The local business review company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.30. Yelp had a net margin of 2.31% and a return on equity of 2.20%. The company had revenue of $222.40 million during the quarter, compared to the consensus estimate of $220.75 million. During the same quarter in the prior year, the firm earned $0.22 EPS. The company’s revenue was up 19.4% compared to the same quarter last year.

A number of equities research analysts have issued reports on the stock. Citigroup increased their target price on shares of Yelp from $42.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, October 2nd. Robert W. Baird raised their price target on shares of Yelp from $37.00 to $44.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. KeyCorp restated a “buy” rating and set a $54.00 price target on shares of Yelp in a report on Wednesday, October 4th. Credit Suisse Group raised their price target on shares of Yelp from $48.00 to $51.00 and gave the company an “outperform” rating in a report on Thursday, November 2nd. Finally, Morgan Stanley restated an “equal weight” rating and set a $40.00 price target (up previously from $26.00) on shares of Yelp in a report on Monday, October 2nd. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty have assigned a buy rating to the stock. Yelp presently has a consensus rating of “Hold” and a consensus target price of $43.49.

Yelp (YELP) traded down $0.12 during mid-day trading on Thursday, reaching $43.12. 1,347,700 shares of the company’s stock were exchanged, compared to its average volume of 1,351,450. Yelp has a 12 month low of $26.93 and a 12 month high of $48.40. The stock has a market cap of $3,550.00, a P/E ratio of 187.48, a price-to-earnings-growth ratio of 3.92 and a beta of 1.22.

In other Yelp news, CEO Jeremy Stoppelman sold 13,000 shares of the stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $43.66, for a total transaction of $567,580.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Alan Ramsay sold 592 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $46.92, for a total transaction of $27,776.64. Following the sale, the insider now owns 20,048 shares in the company, valued at $940,652.16. The disclosure for this sale can be found here. Insiders sold 320,956 shares of company stock worth $14,354,638 over the last three months. Insiders own 10.10% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Amalgamated Bank lifted its holdings in shares of Yelp by 0.9% in the second quarter. Amalgamated Bank now owns 9,993 shares of the local business review company’s stock worth $300,000 after acquiring an additional 88 shares during the last quarter. California State Teachers Retirement System raised its holdings in Yelp by 1.0% in the 2nd quarter. California State Teachers Retirement System now owns 137,621 shares of the local business review company’s stock valued at $4,131,000 after buying an additional 1,427 shares during the last quarter. Menta Capital LLC raised its holdings in Yelp by 10.6% in the 2nd quarter. Menta Capital LLC now owns 19,900 shares of the local business review company’s stock valued at $597,000 after buying an additional 1,900 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Yelp by 98.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,091 shares of the local business review company’s stock valued at $123,000 after buying an additional 2,033 shares during the last quarter. Finally, California Public Employees Retirement System raised its holdings in Yelp by 2.0% in the 3rd quarter. California Public Employees Retirement System now owns 115,200 shares of the local business review company’s stock valued at $4,988,000 after buying an additional 2,300 shares during the last quarter. 85.69% of the stock is owned by hedge funds and other institutional investors.

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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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