Q1 2018 EPS Estimates for Yelp Inc (NYSE:YELP) Reduced by William Blair

Yelp Inc (NYSE:YELP) – Equities researchers at William Blair dropped their Q1 2018 earnings per share estimates for shares of Yelp in a research report issued to clients and investors on Wednesday, Zacks Investment Research reports. William Blair analyst R. Schackart now anticipates that the local business review company will post earnings of ($0.07) per share for the quarter, down from their prior estimate of ($0.05). William Blair also issued estimates for Yelp’s Q3 2018 earnings at $0.06 EPS, Q4 2018 earnings at $0.16 EPS and FY2018 earnings at $0.23 EPS.

A number of other research firms also recently commented on YELP. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $45.00 target price (up previously from $36.00) on shares of Yelp in a research report on Thursday, November 2nd. B. Riley reaffirmed a “neutral” rating on shares of Yelp in a research report on Tuesday, February 6th. SunTrust Banks set a $50.00 target price on shares of Yelp and gave the stock a “buy” rating in a research report on Thursday, February 8th. KeyCorp set a $54.00 target price on shares of Yelp and gave the stock a “buy” rating in a research report on Thursday, February 8th. Finally, Zacks Investment Research raised shares of Yelp from a “hold” rating to a “strong-buy” rating and set a $54.00 target price for the company in a research report on Thursday, November 2nd. Four investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eighteen have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $43.66.

Shares of Yelp (NYSE:YELP) traded up $0.45 on Monday, hitting $43.82. 471,652 shares of the company traded hands, compared to its average volume of 1,746,871. The company has a market capitalization of $3,458.96, a P/E ratio of 25.48, a P/E/G ratio of 6.43 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 Yelp news, CEO Jeremy Stoppelman sold 13,000 shares of Yelp stock in a transaction on Friday, November 24th. The shares were sold at an average price of $47.59, for a total value of $618,670.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Geoffrey L. Donaker sold 6,000 shares of Yelp stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $42.95, for a total transaction of $257,700.00. Following the completion of the sale, the director now owns 9,590 shares in the company, valued at $411,890.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 241,000 shares of company stock worth $10,491,740. 10.10% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in YELP. Renaissance Technologies LLC increased its holdings in Yelp by 464.1% in the 4th quarter. Renaissance Technologies LLC now owns 1,145,700 shares of the local business review company’s stock valued at $48,074,000 after acquiring an additional 942,600 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Yelp by 171.3% in the 2nd quarter. Northern Trust Corp now owns 968,313 shares of the local business review company’s stock worth $29,069,000 after buying an additional 611,461 shares during the last quarter. State Street Corp increased its holdings in shares of Yelp by 64.2% in the 2nd quarter. State Street Corp now owns 1,477,939 shares of the local business review company’s stock worth $44,365,000 after buying an additional 577,743 shares during the last quarter. William Blair Investment Management LLC increased its holdings in shares of Yelp by 20.8% in the 4th quarter. William Blair Investment Management LLC now owns 3,167,281 shares of the local business review company’s stock worth $132,899,000 after buying an additional 546,282 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Yelp by 10.4% in the 4th quarter. BlackRock Inc. now owns 5,533,628 shares of the local business review company’s stock worth $232,190,000 after buying an additional 521,218 shares during the last quarter. Institutional investors own 90.37% of the company’s stock.

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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.

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Earnings History and Estimates for Yelp (NYSE:YELP)

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