Wall Street brokerages forecast that Yelp Inc (NYSE:YELP) will post $0.05 earnings per share for the current quarter, Zacks Investment Research reports. Fourteen analysts have made estimates for Yelp’s earnings. The highest EPS estimate is $0.09 and the lowest is $0.01. Yelp posted earnings of $0.10 per share in the same quarter last year, which would indicate a negative year over year growth rate of 50%. The company is scheduled to announce its next earnings report on Thursday, February 8th.

On average, analysts expect that Yelp will report full-year earnings of $0.17 per share for the current year, with EPS estimates ranging from $0.14 to $0.20. For the next year, analysts anticipate that the firm will report earnings of $0.40 per share, with EPS estimates ranging from $0.21 to $0.60. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Yelp.

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

A number of analysts recently 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 upped their price target on Yelp from $37.00 to $44.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. Zacks Investment Research restated a “hold” rating on shares of Yelp in a report on Saturday, January 13th. KeyCorp restated a “buy” rating and issued a $54.00 price target on shares of Yelp in a report on Wednesday, October 4th. Finally, Credit Suisse Group upped their price target on Yelp from $48.00 to $51.00 and gave the stock an “outperform” rating in a report on Thursday, November 2nd. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $43.49.

In related news, insider Laurence Wilson sold 25,000 shares of the firm’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $44.08, for a total transaction of $1,102,000.00. Following the transaction, the insider now directly owns 195,610 shares in the company, valued at $8,622,488.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeremy Stoppelman sold 13,000 shares of the firm’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $47.59, for a total value of $618,670.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 339,956 shares of company stock valued at $15,169,718. Company insiders own 10.10% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. lifted its stake in Yelp by 28,585.7% during the third quarter. Oppenheimer Asset Management Inc. now owns 4,016 shares of the local business review company’s stock worth $174,000 after purchasing an additional 4,002 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Yelp by 98.8% during the second quarter. Russell Investments Group Ltd. now owns 4,091 shares of the local business review company’s stock worth $123,000 after purchasing an additional 2,033 shares during the last quarter. Commerzbank Aktiengesellschaft FI bought a new position in Yelp during the third quarter worth $204,000. Turner Investments LLC bought a new position in Yelp during the third quarter worth $217,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Yelp during the third quarter worth $222,000. Hedge funds and other institutional investors own 85.69% of the company’s stock.

Yelp (NYSE YELP) traded down $0.89 on Thursday, reaching $42.99. 672,188 shares of the company were exchanged, compared to its average volume of 1,170,000. The firm has a market cap of $3,560.00, a P/E ratio of 186.91, a PEG ratio of 4.11 and a beta of 1.22. Yelp has a 12-month low of $26.93 and a 12-month high of $48.40.

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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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