Yelp Inc to Post Q1 2018 Earnings of ($0.07) Per Share, William Blair Forecasts (YELP)

Yelp Inc (NYSE:YELP) – William Blair reduced their Q1 2018 EPS estimates for Yelp in a research note issued on Wednesday. William Blair analyst R. Schackart now forecasts that the local business review company will post earnings per share of ($0.07) for the quarter, down from their prior estimate of ($0.05). William Blair also issued estimates for Yelp’s Q3 2018 earnings at $0.06 EPS, Q4 2018 earnings at $0.16 EPS and FY2018 earnings at $0.23 EPS.

A number of other equities analysts have also issued reports on YELP. Zacks Investment Research lowered Yelp from a “hold” rating to a “sell” rating in a research note on Saturday. KeyCorp set a $54.00 price target on Yelp and gave the company a “buy” rating in a research note on Thursday. Bank of America decreased their price target on Yelp from $55.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday. Morgan Stanley decreased their price target on Yelp from $43.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday. Finally, Credit Suisse Group decreased their price target on Yelp from $51.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday. Four investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $43.46.

Yelp (NYSE YELP) opened at $38.29 on Monday. Yelp has a fifty-two week low of $26.93 and a fifty-two week high of $48.40. The stock has a market capitalization of $3,173.82, a P/E ratio of 22.26, a P/E/G ratio of 3.51 and a beta of 1.14.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. lifted its holdings in shares of Yelp by 28,585.7% in the third 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 shares of Yelp by 46.1% in the fourth 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 stake in shares of Yelp in the third quarter valued at $204,000. Turner Investments LLC purchased a new stake in shares of Yelp in the third quarter valued at $217,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Yelp in the third quarter valued at $222,000. Institutional investors own 86.09% of the company’s stock.

In other news, CEO Jeremy Stoppelman sold 13,000 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $45.40, for a total value of $590,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Alan Ramsay sold 592 shares of the stock in a transaction 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 completion of the sale, 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. Over the last three months, insiders have sold 257,085 shares of company stock valued at $11,338,738. Corporate insiders own 10.10% of the company’s stock.

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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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