Yelp (YELP) Releases Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Yelp (NYSE:YELP) released its quarterly earnings data on Thursday. The local business review company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.09, Briefing.com reports. The firm had revenue of $241.10 million for the quarter, compared to the consensus estimate of $245.55 million. Yelp had a return on equity of 0.74% and a net margin of 17.64%. The company’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.29 earnings per share. Yelp updated its Q4 2018 guidance to EPS and its FY 2018 guidance to EPS.

Shares of YELP stock traded down $11.57 during midday trading on Friday, reaching $31.93. 25,347,120 shares of the stock were exchanged, compared to its average volume of 1,849,004. Yelp has a 1 year low of $29.33 and a 1 year high of $52.50. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 456.14, a price-to-earnings-growth ratio of 7.46 and a beta of 1.29.

In other Yelp news, COO Joseph R. Nachman sold 10,500 shares of the company’s stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $49.77, for a total transaction of $522,585.00. Following the transaction, the chief operating officer now owns 119,935 shares in the company, valued at approximately $5,969,164.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeremy Stoppelman sold 13,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $47.00, for a total value of $611,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 223,500 shares of company stock worth $10,135,885 in the last quarter. Company insiders own 9.00% of the company’s stock.

Several hedge funds have recently bought and sold shares of the business. Trexquant Investment LP grew its holdings in shares of Yelp by 3.7% during the 2nd quarter. Trexquant Investment LP now owns 39,659 shares of the local business review company’s stock worth $1,554,000 after acquiring an additional 1,414 shares during the period. Janus Henderson Group PLC boosted its position in shares of Yelp by 31.3% in the 3rd quarter. Janus Henderson Group PLC now owns 6,910 shares of the local business review company’s stock worth $340,000 after purchasing an additional 1,646 shares in the last quarter. Amalgamated Bank boosted its position in shares of Yelp by 16.0% in the 2nd quarter. Amalgamated Bank now owns 12,383 shares of the local business review company’s stock worth $485,000 after purchasing an additional 1,708 shares in the last quarter. Federated Investors Inc. PA boosted its position in shares of Yelp by 2.0% in the 2nd quarter. Federated Investors Inc. PA now owns 87,520 shares of the local business review company’s stock worth $3,429,000 after purchasing an additional 1,758 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its position in shares of Yelp by 7.2% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 26,363 shares of the local business review company’s stock worth $1,033,000 after purchasing an additional 1,760 shares in the last quarter. Hedge funds and other institutional investors own 86.05% of the company’s stock.

A number of research analysts recently issued reports on the company. Royal Bank of Canada reduced their price target on Yelp to $38.00 and set a “positive” rating on the stock in a report on Friday. Jefferies Financial Group boosted their price target on Yelp from $53.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, August 9th. Wedbush downgraded Yelp from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $60.00 to $32.00 in a report on Friday. Zacks Investment Research upgraded Yelp from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a report on Wednesday, August 15th. Finally, Raymond James downgraded Yelp from an “outperform” rating to a “market perform” rating in a report on Friday. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $42.89.

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About Yelp

Yelp Inc operates a platform that connects people with local businesses in the United States, Canada, and internationally. The company's platform covers various local business categories, including restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others.

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Earnings History for Yelp (NYSE:YELP)

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