Brokers Issue Forecasts for Yelp Inc’s Q1 2020 Earnings (NYSE:YELP)

Yelp Inc (NYSE:YELP) – Analysts at William Blair issued their Q1 2020 earnings per share (EPS) estimates for Yelp in a research note issued on Thursday, November 7th. William Blair analyst R. Schackart forecasts that the local business review company will earn $0.11 per share for the quarter. William Blair also issued estimates for Yelp’s Q2 2020 earnings at $0.29 EPS, Q3 2020 earnings at $0.32 EPS, Q4 2020 earnings at $0.31 EPS and FY2020 earnings at $1.04 EPS.

Several other brokerages have also weighed in on YELP. DA Davidson reissued a “buy” rating on shares of Yelp in a report on Friday, August 9th. SunTrust Banks set a $37.00 price objective on Yelp and gave the company a “hold” rating in a report on Sunday, November 3rd. Aegis reissued a “buy” rating and set a $45.00 price objective on shares of Yelp in a report on Wednesday, October 2nd. Wedbush set a $38.00 price objective on Yelp and gave the company a “hold” rating in a report on Friday, September 27th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $44.00 price objective (up from $42.00) on shares of Yelp in a report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $39.86.

NYSE YELP traded down $0.21 on Monday, hitting $35.56. 853,603 shares of the stock traded hands, compared to its average volume of 1,561,032. The business’s fifty day moving average is $33.85 and its two-hundred day moving average is $34.19. Yelp has a 12 month low of $30.11 and a 12 month high of $40.99. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 79.02, a PEG ratio of 2.59 and a beta of 1.01. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.91 and a current ratio of 3.67.

Large investors have recently bought and sold shares of the business. Nuveen Asset Management LLC purchased a new stake in shares of Yelp during the second quarter worth $10,721,000. D. E. Shaw & Co. Inc. raised its position in shares of Yelp by 44.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 3,407,793 shares of the local business review company’s stock worth $116,479,000 after buying an additional 1,043,745 shares in the last quarter. Kirr Marbach & Co. LLC IN purchased a new stake in shares of Yelp in the third quarter worth $6,286,000. DekaBank Deutsche Girozentrale raised its position in shares of Yelp by 126.0% in the second quarter. DekaBank Deutsche Girozentrale now owns 4,786 shares of the local business review company’s stock worth $162,000 after buying an additional 2,668 shares in the last quarter. Finally, Dupont Capital Management Corp raised its position in shares of Yelp by 21.4% in the third quarter. Dupont Capital Management Corp now owns 55,954 shares of the local business review company’s stock worth $1,944,000 after buying an additional 9,857 shares in the last quarter. Hedge funds and other institutional investors own 92.72% of the company’s stock.

Yelp Company Profile

Yelp Inc operates a platform that connects consumers with local businesses in the United States, Canada, and internationally. The company's platform covers various local business categories, including restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others.

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Earnings History and Estimates for Yelp (NYSE:YELP)

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