Brokers Offer Predictions for Yelp’s Q3 Earnings (NYSE:YELP)

Yelp Inc. (NYSE:YELP) – Stock analysts at Zacks Research dropped their Q3 2026 earnings per share estimates for Yelp in a research note issued on Thursday, August 27th. Zacks Research analyst Team now anticipates that the local business review company will post earnings per share of $0.45 for the quarter, down from their previous estimate of $0.57. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Yelp’s current full-year earnings is $1.84 per share. Zacks Research also issued estimates for Yelp’s Q4 2026 earnings at $0.48 EPS, FY2026 earnings at $1.85 EPS, Q1 2027 earnings at $0.50 EPS, Q2 2027 earnings at $0.50 EPS, Q3 2027 earnings at $0.56 EPS, Q4 2027 earnings at $0.58 EPS, FY2027 earnings at $2.14 EPS, Q1 2028 earnings at $0.53 EPS, Q2 2028 earnings at $0.62 EPS and FY2028 earnings at $2.14 EPS.

Yelp (NYSE:YELP) last posted its quarterly earnings data on Thursday, August 6th. The local business review company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.21. Yelp had a return on equity of 19.52% and a net margin of 8.59%.The business had revenue of $375.52 million during the quarter, compared to analysts’ expectations of $366.89 million. During the same quarter in the previous year, the firm earned $0.67 EPS. The firm’s revenue was up 1.4% compared to the same quarter last year.

Several other equities research analysts also recently issued reports on YELP. Weiss Ratings restated a “sell (d+)” rating on shares of Yelp in a research note on Friday, August 7th. Robert W. Baird set a $28.00 price target on shares of Yelp in a research report on Friday, May 8th. Evercore set a $30.00 price objective on shares of Yelp in a report on Monday, May 11th. JPMorgan Chase & Co. increased their target price on shares of Yelp from $22.00 to $26.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, Morgan Stanley decreased their target price on Yelp from $28.00 to $24.00 and set an “underweight” rating on the stock in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Yelp presently has an average rating of “Reduce” and a consensus price target of $27.57.

Yelp Stock Performance

YELP opened at $22.52 on Friday. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.16. The stock’s 50 day moving average price is $25.02 and its two-hundred day moving average price is $24.51. The firm has a market capitalization of $1.22 billion, a P/E ratio of 10.77, a price-to-earnings-growth ratio of 2.06 and a beta of 0.46. Yelp has a 12-month low of $19.60 and a 12-month high of $34.49.

Hedge Funds Weigh In On Yelp

Hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its position in shares of Yelp by 20.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,683,927 shares of the local business review company’s stock worth $66,402,000 after buying an additional 457,261 shares during the period. LSV Asset Management grew its position in Yelp by 11.6% in the fourth quarter. LSV Asset Management now owns 2,682,238 shares of the local business review company’s stock valued at $81,513,000 after acquiring an additional 279,300 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Yelp by 8.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,976,150 shares of the local business review company’s stock worth $61,656,000 after acquiring an additional 151,354 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Yelp by 7.0% during the second quarter. Ameriprise Financial Inc. now owns 1,501,764 shares of the local business review company’s stock worth $51,458,000 after acquiring an additional 98,303 shares in the last quarter. Finally, California State Teachers Retirement System lifted its holdings in shares of Yelp by 1,679.0% during the second quarter. California State Teachers Retirement System now owns 1,407,914 shares of the local business review company’s stock valued at $34,522,000 after acquiring an additional 1,328,772 shares during the period. 90.11% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Yelp

In other news, CFO David A. Schwarzbach sold 8,809 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $23.19, for a total value of $204,280.71. Following the completion of the transaction, the chief financial officer owned 180,466 shares in the company, valued at approximately $4,185,006.54. This represents a 4.65% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Christine Barone sold 15,507 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $22.95, for a total transaction of $355,885.65. Following the transaction, the director directly owned 15,928 shares of the company’s stock, valued at $365,547.60. The trade was a 49.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 29,645 shares of company stock valued at $685,185 in the last 90 days. 8.30% of the stock is currently owned by company insiders.

Yelp Company Profile

Yelp is a digital platform that connects consumers with local businesses through user-generated reviews, ratings and multimedia content. The company’s flagship offerings include the Yelp website and mobile applications for iOS and Android, where users can search for and discover restaurants, shops, service providers and other points of interest. In addition to crowd-sourced reviews and photographs, Yelp provides business profile pages featuring hours, contact information, menus and direct messaging capabilities.

Yelp generates revenue primarily through advertising services sold to small and medium-sized enterprises.