Yelp Inc to Post FY2018 Earnings of $0.27 Per Share, Jefferies Group Forecasts (YELP)

Yelp Inc (NYSE:YELP) – Analysts at Jefferies Group reduced their FY2018 EPS estimates for Yelp in a research report issued to clients and investors on Thursday. Jefferies Group analyst B. Thill now anticipates that the local business review company will post earnings of $0.27 per share for the year, down from their previous forecast of $0.47.

A number of other research analysts also recently weighed in on YELP. Morgan Stanley lowered their target price on Yelp from $43.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday. Zacks Investment Research downgraded Yelp from a “hold” rating to a “sell” rating in a report on Saturday. Stifel Nicolaus decreased their price objective on 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 Yelp and gave the stock a “buy” rating in a research note on Thursday. Finally, Bank of America decreased their price objective on 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 assigned a hold rating and eighteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $43.46.

Yelp (NYSE:YELP) opened at $38.29 on Monday. Yelp has a 1-year low of $26.93 and a 1-year high of $48.40. The firm has a market capitalization of $3,170.00, a PE ratio of 22.26, a price-to-earnings-growth ratio of 3.51 and a beta of 1.14.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in YELP. Northern Trust Corp grew its holdings in 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 buying an additional 611,461 shares in the last quarter. State Street Corp grew its holdings in 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 buying an additional 577,743 shares in the last quarter. BlackRock Inc. grew its holdings in 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 buying an additional 521,218 shares in the last quarter. Fisher Asset Management LLC grew its holdings in 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 buying an additional 434,574 shares in the last quarter. Finally, Douglas Lane & Associates LLC grew its holdings in 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 buying an additional 274,350 shares in the last quarter. Institutional investors and hedge funds own 86.09% of the company’s stock.

In other Yelp news, CEO Jeremy Stoppelman sold 13,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $44.37, for a total transaction of $576,810.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Alan Ramsay sold 592 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were 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 of the company’s stock, valued at approximately $940,652.16. The disclosure for this sale can be found here. Insiders have sold 257,085 shares of company stock valued at $11,338,738 in the last quarter. 10.10% of the stock is currently owned by company insiders.

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About Yelp

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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