Q1 2018 Earnings Forecast for Yelp Inc Issued By Oppenheimer (YELP)

Yelp Inc (NYSE:YELP) – Investment analysts at Oppenheimer issued their Q1 2018 earnings per share estimates for shares of Yelp in a research report issued on Thursday. Oppenheimer analyst J. Helfstein expects that the local business review company will post earnings per share of ($0.07) for the quarter. Oppenheimer also issued estimates for Yelp’s Q2 2018 earnings at $0.11 EPS, Q3 2018 earnings at $0.13 EPS and Q4 2018 earnings at $0.13 EPS.

A number of other research firms also recently weighed in on YELP. Zacks Investment Research raised Yelp from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Tuesday, November 21st. Roth Capital lifted their price objective on Yelp from $35.00 to $41.00 and gave the company a “neutral” rating in a report on Tuesday, October 31st. KeyCorp set a $54.00 price objective on Yelp and gave the company a “buy” rating in a report on Thursday, November 16th. Wells Fargo & Co reissued a “market perform” rating and issued a $45.00 target price (up from $36.00) on shares of Yelp in a report on Thursday, November 2nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $49.00 target price on shares of Yelp in a report on Thursday, November 2nd. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eighteen have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $43.46.

Shares of Yelp (NYSE:YELP) opened at $38.29 on Monday. The firm has a market capitalization of $3,173.82, a P/E ratio of 22.26, a price-to-earnings-growth ratio of 3.51 and a beta of 1.14. Yelp has a 1-year low of $26.93 and a 1-year high of $48.40.

Several institutional investors have recently modified their holdings of YELP. Northern Trust Corp raised its position in shares of Yelp by 171.3% during the 2nd quarter. Northern Trust Corp now owns 968,313 shares of the local business review company’s stock valued at $29,069,000 after acquiring an additional 611,461 shares during the last quarter. State Street Corp raised its position in shares of Yelp by 64.2% during the 2nd quarter. State Street Corp now owns 1,477,939 shares of the local business review company’s stock valued at $44,365,000 after acquiring an additional 577,743 shares during the last quarter. BlackRock Inc. raised its position in shares of Yelp by 10.4% during the 4th quarter. BlackRock Inc. now owns 5,533,628 shares of the local business review company’s stock valued at $232,190,000 after acquiring an additional 521,218 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of Yelp by 17.7% during the 3rd quarter. Fisher Asset Management LLC now owns 2,893,867 shares of the local business review company’s stock valued at $125,304,000 after acquiring an additional 434,574 shares during the last quarter. Finally, Douglas Lane & Associates LLC raised its position in shares of Yelp by 857.2% during the 4th quarter. Douglas Lane & Associates LLC now owns 306,356 shares of the local business review company’s stock valued at $12,855,000 after acquiring an additional 274,350 shares during the last quarter. Institutional investors own 86.09% of the company’s stock.

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

Earnings History and Estimates for Yelp (NYSE:YELP)

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