Equities Analysts Set Expectations for Yelp Inc’s Q1 2018 Earnings (YELP)

Yelp Inc (NYSE:YELP) – Investment analysts at B. Riley lowered their Q1 2018 earnings per share estimates for shares of Yelp in a research report issued to clients and investors on Thursday. B. Riley analyst S. Sinha now expects that the local business review company will post earnings of ($0.03) per share for the quarter, down from their prior forecast of ($0.02). B. Riley currently has a “Neutral” rating on the stock.

A number of other equities research analysts have also recently commented on YELP. Morgan Stanley dropped their price objective on shares of Yelp from $43.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday. Zacks Investment Research cut shares of Yelp from a “hold” rating to a “sell” rating in a research note on Saturday. Stifel Nicolaus dropped their price objective on shares of Yelp from $40.00 to $38.00 and set a “hold” rating on the stock in a research note on Thursday. SunTrust Banks set a $50.00 price objective on shares of Yelp and gave the stock a “buy” rating in a research note on Thursday. Finally, Bank of America dropped their price objective on shares of Yelp from $55.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and eighteen have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $43.46.

Shares of Yelp (YELP) opened at $38.29 on Monday. The company has a market cap of $3,173.82, a P/E ratio of 22.26, a PEG ratio of 3.51 and a beta of 1.14. Yelp has a one year low of $26.93 and a one year high of $48.40.

In other Yelp news, insider Alan Ramsay sold 592 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $46.92, for a total value of $27,776.64. Following the transaction, the insider now owns 20,048 shares in the company, valued at approximately $940,652.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeremy Stoppelman sold 13,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $45.40, for a total value of $590,200.00. The disclosure for this sale can be found here. Insiders sold a total of 257,085 shares of company stock worth $11,338,738 in the last 90 days. 10.10% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the business. Oppenheimer Asset Management Inc. lifted its holdings in Yelp by 28,585.7% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 4,016 shares of the local business review company’s stock valued at $174,000 after purchasing an additional 4,002 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Yelp by 46.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,240 shares of the local business review company’s stock valued at $178,000 after purchasing an additional 1,337 shares in the last quarter. Commerzbank Aktiengesellschaft FI purchased a new position in Yelp in the 3rd quarter valued at $204,000. Turner Investments LLC purchased a new position in Yelp in the 3rd quarter valued at $217,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Yelp in the 3rd quarter valued at $222,000. Institutional investors own 86.09% of the company’s stock.

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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.

Earnings History and Estimates for Yelp (NYSE:YELP)

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