Yelp Inc (NYSE:YELP) – Research analysts at Jefferies Group issued their Q1 2018 earnings per share estimates for Yelp in a research report issued to clients and investors on Thursday. Jefferies Group analyst B. Thill expects that the local business review company will earn ($0.02) per share for the quarter. Jefferies Group also issued estimates for Yelp’s Q2 2018 earnings at $0.03 EPS, Q3 2018 earnings at $0.12 EPS, Q4 2018 earnings at $0.14 EPS and FY2019 earnings at $0.71 EPS.

YELP has been the subject of several other research reports. Stifel Nicolaus cut their price target on Yelp from $40.00 to $38.00 and set a “hold” rating for the company in a research note on Thursday. Cantor Fitzgerald reiterated a “hold” rating and set a $44.00 price target on shares of Yelp in a research note on Wednesday, November 1st. B. Riley reiterated a “hold” rating and set a $39.00 price target on shares of Yelp in a research note on Thursday, November 2nd. KeyCorp reiterated a “buy” rating and set a $54.00 price target on shares of Yelp in a research note on Tuesday, October 17th. Finally, SunTrust Banks set a $50.00 price target on Yelp and gave the stock a “buy” rating in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $43.55.

Yelp (NYSE YELP) opened at $38.63 on Friday. The firm has a market capitalization of $3,725.03, a price-to-earnings ratio of 1,498.00, a PEG ratio of 4.20 and a beta of 1.14. Yelp has a 12 month low of $26.93 and a 12 month high of $48.40.

In other news, COO Joseph R. Nachman sold 5,260 shares of Yelp stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $46.92, for a total transaction of $246,799.20. Following the completion of the sale, the chief operating officer now owns 114,414 shares in the company, valued at approximately $5,368,304.88. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Alan Ramsay sold 592 shares of Yelp stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $46.92, for a total value of $27,776.64. Following 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. In the last quarter, insiders have sold 244,085 shares of company stock valued at $10,761,928. Corporate insiders own 10.10% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in YELP. BlackRock Inc. raised its holdings in shares of Yelp by 84.9% during the 2nd quarter. BlackRock Inc. now owns 5,232,684 shares of the local business review company’s stock valued at $157,084,000 after buying an additional 2,403,240 shares in the last quarter. Northern Trust Corp raised its holdings 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 buying an additional 611,461 shares in the last quarter. State Street Corp raised its holdings 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 buying an additional 577,743 shares in the last quarter. Fisher Asset Management LLC raised its holdings 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 buying an additional 434,574 shares in the last quarter. Finally, Douglas Lane & Associates LLC raised its holdings 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 buying an additional 274,350 shares in the last quarter. 86.09% of the stock is currently owned by institutional investors.

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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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