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

Yelp Inc. (NYSE:YELP) – Zacks Research increased their FY2024 earnings estimates for Yelp in a report 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 previous estimate 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.

Other research analysts have also issued research reports about the company. Evercore ISI upgraded Yelp to a “hold” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. reduced their price objective on Yelp from $38.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Robert W. Baird lowered their target price on Yelp from $39.00 to $37.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. StockNews.com raised shares of Yelp from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 11th. Finally, The Goldman Sachs Group cut shares of Yelp from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $46.00 to $38.00 in a research note on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $37.00.

Yelp Stock Performance

YELP opened at $38.32 on Monday. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 22.94, a PEG ratio of 0.69 and a beta of 1.35. The company has a fifty day moving average of $35.28 and a 200 day moving average of $35.42. Yelp has a fifty-two week low of $32.56 and a fifty-two week high of $48.99.

Insider Activity at Yelp

In related news, insider Carmen Amara sold 12,854 shares of the company’s stock in a transaction dated 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 directly owns 88,813 shares of the company’s stock, valued at $3,389,992.21. This represents a 12.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Craig Saldanha sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $38.05, for a total value of $38,050.00. Following the completion of the sale, the insider now directly owns 184,558 shares of the company’s stock, valued at approximately $7,022,431.90. This represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,865 shares of company stock valued at $1,537,218 over the last quarter. 7.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Yelp

Several hedge funds have recently modified their holdings of the stock. Fifth Third Bancorp raised its stake in Yelp by 262.8% in the 2nd quarter. Fifth Third Bancorp now owns 664 shares of the local business review company’s stock worth $25,000 after acquiring an additional 481 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Yelp in the second quarter valued at about $25,000. GAMMA Investing LLC raised its stake in shares of Yelp by 115.9% in the third quarter. GAMMA Investing LLC now owns 976 shares of the local business review company’s stock worth $34,000 after purchasing an additional 524 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Yelp by 54.5% during the third quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the local business review company’s stock worth $40,000 after purchasing an additional 405 shares during the period. Finally, Signaturefd LLC boosted its position in Yelp by 98.5% in the third quarter. Signaturefd LLC now owns 1,175 shares of the local business review company’s stock valued at $41,000 after buying an additional 583 shares during the last quarter. Institutional investors and hedge funds own 90.11% of the company’s stock.

About Yelp

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.