Yelp (NYSE:YELP) Issues Earnings Results

Yelp (NYSE:YELP - Get Free Report) issued its quarterly earnings data on Thursday. The local business review company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.09, Zacks reports. The business had revenue of $361.95 million during the quarter, compared to analysts' expectations of $350.73 million. Yelp had a return on equity of 16.02% and a net margin of 8.48%. Yelp updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Yelp Trading Down 8.1 %

NYSE:YELP traded down $3.27 during trading hours on Monday, hitting $37.28. 1,650,764 shares of the stock were exchanged, compared to its average volume of 590,609. Yelp has a 52-week low of $32.56 and a 52-week high of $45.05. The firm's fifty day moving average price is $39.45 and its 200 day moving average price is $36.54. The company has a market cap of $2.45 billion, a P/E ratio of 22.33, a P/E/G ratio of 0.55 and a beta of 1.33.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on YELP shares. Morgan Stanley boosted their price objective on Yelp from $34.00 to $35.00 and gave the company an "underweight" rating in a report on Monday, January 13th. Evercore ISI raised Yelp to a "hold" rating in a report on Monday, November 11th. Robert W. Baird reduced their price target on Yelp from $39.00 to $37.00 and set a "neutral" rating for the company in a report on Friday, November 8th. Finally, StockNews.com raised Yelp from a "buy" rating to a "strong-buy" rating in a report on Monday, November 11th. 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $37.17.

Insiders Place Their Bets

In other news, insider Craig Saldanha sold 1,000 shares of the company's stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $37.99, for a total value of $37,990.00. Following the completion of the sale, the insider now directly owns 183,558 shares in the company, valued at $6,973,368.42. This represents a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Sam Eaton sold 10,744 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $35.12, for a total value of $377,329.28. Following the completion of the sale, the chief technology officer now owns 122,480 shares of the company's stock, valued at $4,301,497.60. This trade represents a 8.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 44,011 shares of company stock worth $1,677,131. Corporate insiders own 7.40% 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.