Jefferies Group Equities Analysts Lower Earnings Estimates for Yelp Inc (YELP)

Yelp Inc (NYSE:YELP) – Analysts at Jefferies Group dropped their FY2018 earnings per share estimates for shares of Yelp in a research note issued to investors on Thursday. Jefferies Group analyst B. Thill now expects that the local business review company will post earnings per share of $0.27 for the year, down from their prior forecast of $0.47.

A number of other research analysts also recently weighed in on YELP. Morgan Stanley cut their price objective on Yelp from $43.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 8th. Zacks Investment Research downgraded Yelp from a “hold” rating to a “sell” rating in a research note on Saturday. Stifel Nicolaus cut their price objective on Yelp from $40.00 to $38.00 and set a “hold” rating on the stock in a research note on Thursday, February 8th. SunTrust Banks set a $50.00 price objective on Yelp and gave the company a “buy” rating in a research note on Thursday, February 8th. Finally, Bank of America cut their price objective on Yelp from $55.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and eighteen have issued a buy rating to the company. Yelp currently has a consensus rating of “Hold” and a consensus price target of $43.46.

Shares of Yelp (NYSE:YELP) traded up $0.01 during mid-day trading on Monday, hitting $38.98. The company had a trading volume of 302,481 shares, compared to its average volume of 1,747,415. Yelp has a 1-year low of $26.93 and a 1-year high of $48.40. The company has a market cap of $3,260.00, a P/E ratio of 22.89, a price-to-earnings-growth ratio of 5.14 and a beta of 1.14.

Several large investors have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. boosted its stake in Yelp by 28,585.7% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 4,016 shares of the local business review company’s stock valued at $174,000 after buying an additional 4,002 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Yelp by 46.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,240 shares of the local business review company’s stock valued at $178,000 after buying an additional 1,337 shares in the last quarter. Commerzbank Aktiengesellschaft FI acquired a new stake in Yelp in the 3rd quarter valued at $204,000. Turner Investments LLC acquired a new stake in Yelp in the 3rd quarter valued at $217,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Yelp in the 3rd quarter valued at $222,000. 85.82% of the stock is currently owned by institutional investors.

In other news, CEO Jeremy Stoppelman sold 13,000 shares of Yelp stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $44.37, for a total transaction of $576,810.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Geoffrey L. Donaker sold 6,000 shares of Yelp stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $43.52, for a total value of $261,120.00. Following the sale, the director now directly owns 9,590 shares in the company, valued at approximately $417,356.80. The disclosure for this sale can be found here. Insiders sold a total of 251,085 shares of company stock worth $11,065,798 in the last ninety days. Insiders own 10.10% 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.

Earnings History and Estimates for Yelp (NYSE:YELP)

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