Yelp (YELP) Projected to Post Earnings on Thursday

Yelp (NYSE:YELP) is anticipated to announce its earnings results after the market closes on Thursday, February 13th. Analysts expect the company to announce earnings of $0.53 per share and revenue of $349.94 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Yelp Price Performance

Yelp stock opened at $39.64 on Tuesday. The company has a market cap of $2.61 billion, a PE ratio of 23.73, a P/E/G ratio of 0.55 and a beta of 1.33. Yelp has a 12 month low of $32.56 and a 12 month high of $45.91. The company has a fifty day moving average price of $39.42 and a two-hundred day moving average price of $36.45.

Insider Buying and Selling

In other news, CFO David A. Schwarzbach sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $38.29, for a total value of $382,900.00. Following the completion of the transaction, the chief financial officer now owns 211,988 shares in the company, valued at $8,117,020.52. This represents a 4.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Craig Saldanha sold 1,000 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $38.05, for a total transaction of $38,050.00. Following the sale, the insider now directly owns 184,558 shares of the company’s stock, valued at $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 44,011 shares of company stock valued at $1,677,131 in the last 90 days. 7.40% of the stock is owned by insiders.

Analyst Ratings Changes

YELP has been the topic of a number of recent analyst reports. The Goldman Sachs Group cut shares of Yelp from a “buy” rating to a “neutral” rating and cut their price objective for the company from $46.00 to $38.00 in a research note on Monday, October 14th. Robert W. Baird cut their price target on shares of Yelp from $39.00 to $37.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Evercore ISI upgraded Yelp to a “hold” rating in a report on Monday, November 11th. Morgan Stanley raised their price objective on shares of Yelp from $34.00 to $35.00 and gave the stock an “underweight” rating in a research note on Monday, January 13th. Finally, StockNews.com raised shares of Yelp from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 11th. Two analysts have rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus 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.