Yelp (YELP) to Release Quarterly Earnings on Thursday

Yelp (NYSE:YELP) will likely be releasing its earnings data after the market closes on Thursday, February 13th. Analysts expect Yelp to post earnings of $0.53 per share and revenue of $349.94 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Yelp Price Performance

YELP stock opened at $40.07 on Wednesday. The stock has a market capitalization of $2.64 billion, a P/E ratio of 23.99, a P/E/G ratio of 0.55 and a beta of 1.33. Yelp has a 1-year low of $32.56 and a 1-year high of $45.91. The business has a fifty day moving average price of $39.46 and a 200-day moving average price of $36.47.

Insider Buying and Selling at Yelp

In other Yelp news, CFO David A. Schwarzbach sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $39.72, for a total value of $397,200.00. Following the completion of the transaction, the chief financial officer now directly owns 201,988 shares in the company, valued at $8,022,963.36. This represents a 4.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Sam Eaton sold 10,744 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $35.12, for a total transaction of $377,329.28. Following the sale, the chief technology officer now owns 122,480 shares in the company, valued at $4,301,497.60. The trade was a 8.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,011 shares of company stock valued at $1,677,131. Insiders own 7.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Evercore ISI raised Yelp to a “hold” rating in a research report on Monday, November 11th. StockNews.com raised shares of Yelp from a “buy” rating to a “strong-buy” rating in a report on Monday, November 11th. Morgan Stanley raised their target price on shares of Yelp from $34.00 to $35.00 and gave the stock an “underweight” rating in a report on Monday, January 13th. Finally, Robert W. Baird decreased their target price on shares of Yelp from $39.00 to $37.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Two investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $37.17.

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.