Yelp - YELP Stock Forecast, Price & News

Yelp Inc. operates a platform that connects consumers with local businesses in the United States and internationally. The company's platform covers various local business 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. It provides free and paid advertising products to businesses, which include cost-per-click search advertising and multi-location Ad products, as well as enables businesses to deliver targeted search advertising to local audiences; and business listing page products. The company also offers other services comprising Yelp Reservations that provide online reservations for restaurants, nightlife, and other venues directly from their Yelp business pages; Yelp Waitlist, a subscription-based waitlist management solution that allows consumers to check wait times and join waitlists remotely, as well as businesses to manage seating and server rotation; Yelp Knowledge program that offers business owners local analytics and insights through access to its historical data and other proprietary content; and Yelp Fusion, which offers free and paid access to content and data for consumer-facing enterprise use through publicly available APIs. In addition, it provides content licensing, as well as allows third-party data providers to update and manage business listing information on behalf of businesses. Further, the company offers its products directly through its sales force; indirectly through partners; and online through its website, as well as non-advertising partner arrangements. It has strategic partnership with Grubhub for providing consumers with a service to place food orders for pickup and delivery. Yelp Inc. was incorporated in 2004 and is headquartered in San Francisco, California.

Yelp Stock Performance

Shares of NYSE:YELP traded up $1.12 during midday trading on Friday, reaching $38.21. The company's stock had a trading volume of 33,858 shares, compared to its average volume of 887,076. Yelp has a fifty-two week low of $26.28 and a fifty-two week high of $41.28. The business's 50 day moving average price is $30.27 and its two-hundred day moving average price is $32.07. The company has a market cap of $2.72 billion, a P/E ratio of 59.76 and a beta of 1.59.

Yelp (NYSE:YELP - Get Rating) last announced its quarterly earnings data on Thursday, August 4th. The local business review company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.01 by $0.10. Yelp had a net margin of 4.32% and a return on equity of 6.50%. The business had revenue of $298.90 million during the quarter, compared to the consensus estimate of $284.30 million. During the same period in the previous year, the business earned $0.05 earnings per share. The company's revenue was up 16.2% on a year-over-year basis. Sell-side analysts forecast that Yelp will post 0.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on YELP. BMO Capital Markets reduced their price target on Yelp from $42.00 to $37.00 in a report on Tuesday, May 10th. StockNews.com cut Yelp from a "strong-buy" rating to a "buy" rating in a report on Thursday, July 14th. Credit Suisse Group boosted their price objective on Yelp from $45.00 to $49.00 and gave the stock an "outperform" rating in a report on Monday. Evercore ISI boosted their price objective on Yelp from $35.00 to $41.00 and gave the stock an "in-line" rating in a report on Friday, August 5th. Finally, The Goldman Sachs Group boosted their price objective on Yelp from $33.00 to $37.00 and gave the stock a "neutral" rating in a report on Monday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $38.00.

Insider Buying and Selling at Yelp

In other news, CFO David A. Schwarzbach sold 2,000 shares of the company's stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $29.70, for a total transaction of $59,400.00. Following the completion of the transaction, the chief financial officer now directly owns 207,220 shares in the company, valued at $6,154,434. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO David A. Schwarzbach sold 2,000 shares of the company's stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $29.70, for a total transaction of $59,400.00. Following the completion of the transaction, the chief financial officer now directly owns 207,220 shares in the company, valued at $6,154,434. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Joseph R. Nachman sold 6,000 shares of the company's stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $28.57, for a total transaction of $171,420.00. Following the transaction, the chief operating officer now owns 320,913 shares of the company's stock, valued at $9,168,484.41. The disclosure for this sale can be found here. Insiders sold a total of 34,605 shares of company stock worth $1,021,250 over the last three months. Corporate insiders own 7.70% of the company's stock.