What is Zacks Research’s Estimate for Yelp FY2024 Earnings?

Yelp Inc. (NYSE:YELP) – Analysts at Zacks Research boosted their FY2024 earnings per share (EPS) estimates for Yelp in a research note issued on Wednesday, November 27th. Zacks Research analyst R. Department now forecasts that the local business review company will post earnings of $1.78 per share for the year, up from their prior forecast of $1.59. The consensus estimate for Yelp’s current full-year earnings is $1.80 per share. Zacks Research also issued estimates for Yelp’s Q1 2025 earnings at $0.28 EPS, Q2 2025 earnings at $0.53 EPS, Q3 2025 earnings at $0.55 EPS, Q4 2025 earnings at $0.56 EPS, FY2025 earnings at $1.92 EPS, Q1 2026 earnings at $0.40 EPS, Q2 2026 earnings at $0.63 EPS, Q3 2026 earnings at $0.65 EPS and FY2026 earnings at $2.34 EPS.

YELP has been the topic of several other research reports. Bank of America began coverage on shares of Yelp in a research note on Monday, September 16th. They set an “underperform” rating and a $30.00 price objective on the stock. Robert W. Baird cut their target price on shares of Yelp from $39.00 to $37.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. StockNews.com raised shares of Yelp from a “buy” rating to a “strong-buy” rating in a report on Monday, November 11th. JPMorgan Chase & Co. lowered their price objective on shares of Yelp from $38.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. Finally, Evercore ISI upgraded Yelp to a “hold” rating in a report on Monday, November 11th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Yelp presently has an average rating of “Hold” and a consensus target price of $37.00.

Yelp Trading Up 0.4 %

Shares of YELP opened at $38.22 on Monday. The stock has a market cap of $2.52 billion, a P/E ratio of 22.89, a price-to-earnings-growth ratio of 0.69 and a beta of 1.33. Yelp has a 1 year low of $32.56 and a 1 year high of $48.99. The stock’s 50-day moving average price is $35.19 and its two-hundred day moving average price is $35.44.

Hedge Funds Weigh In On Yelp

Several hedge funds have recently modified their holdings of YELP. Quest Partners LLC increased its holdings in Yelp by 132.7% during the second quarter. Quest Partners LLC now owns 27,094 shares of the local business review company’s stock worth $1,001,000 after buying an additional 15,451 shares during the last quarter. Pacer Advisors Inc. increased its position in Yelp by 1.8% during the third quarter. Pacer Advisors Inc. now owns 2,743,899 shares of the local business review company’s stock worth $96,256,000 after buying an additional 48,363 shares during the last quarter. Algert Global LLC raised its stake in Yelp by 7.5% in the third quarter. Algert Global LLC now owns 204,077 shares of the local business review company’s stock valued at $7,159,000 after buying an additional 14,213 shares during the period. FORA Capital LLC bought a new stake in Yelp in the third quarter valued at approximately $732,000. Finally, Ceera Investments LLC boosted its stake in shares of Yelp by 10.0% during the 3rd quarter. Ceera Investments LLC now owns 191,017 shares of the local business review company’s stock worth $6,701,000 after acquiring an additional 17,420 shares during the period. Institutional investors own 90.11% of the company’s stock.

Insider Buying and Selling

In other news, COO Joseph R. Nachman sold 7,000 shares of Yelp stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $34.02, for a total value of $238,140.00. Following the sale, the chief operating officer now directly owns 255,558 shares in the company, valued at $8,694,083.16. This trade represents a 2.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Carmen Amara sold 12,854 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $38.17, for a total transaction of $490,637.18. Following the transaction, the insider now owns 88,813 shares of the company’s stock, valued at $3,389,992.21. The trade was a 12.64 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,598 shares of company stock valued at $1,106,106. Company insiders own 7.40% of the company’s stock.

Yelp Company Profile

Yelp Inc operates a platform that connects consumers with local businesses in the United States and internationally. The company's platform covers various categories, including restaurants, shopping, beauty and fitness, health, and other categories, as well as home, local, auto, professional, pets, events, real estate, and financial services.