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 Price Performance

Shares of YELP Stock traded down $0.20 during mid-day trading on Tuesday, hitting $37.89. The stock had a trading volume of 1,172,688 shares, compared to its average volume of 819,216. Yelp has a 12-month low of $26.28 and a 12-month high of $41.28. The firm has a market capitalization of $2.69 billion, a P/E ratio of 60.14 and a beta of 1.59. The firm's 50-day moving average is $29.79 and its two-hundred day moving average is $31.96.

Yelp (NYSE:YELP - Get Rating) last announced its earnings results on Thursday, August 4th. The local business review company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.10. The company had revenue of $298.90 million for the quarter, compared to analyst estimates of $284.30 million. Yelp had a return on equity of 6.50% and a net margin of 4.32%. The firm's quarterly revenue was up 16.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.05 EPS. Analysts expect that Yelp will post 0.67 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. StockNews.com downgraded Yelp from a "strong-buy" rating to a "buy" rating in a report on Thursday, July 14th. BMO Capital Markets reduced their price objective on Yelp from $42.00 to $37.00 in a report on Tuesday, May 10th. Wells Fargo & Company reduced their price objective on Yelp from $40.00 to $35.00 in a report on Monday, May 9th. Evercore ISI raised their target price on Yelp from $35.00 to $41.00 and gave the stock an "in-line" rating in a research report on Friday. Finally, Morgan Stanley lowered their price objective on Yelp from $34.00 to $33.00 and set an "underweight" rating on the stock in a research report on Tuesday, July 19th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Yelp has an average rating of "Hold" and an average price target of $38.00.

Insider Transactions at Yelp

In other Yelp news, COO Joseph R. Nachman sold 6,000 shares of the stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $28.86, for a total transaction of $173,160.00. Following the transaction, the chief operating officer now owns 328,696 shares in the company, valued at $9,486,166.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO Joseph R. Nachman sold 6,000 shares of the stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $28.86, for a total value of $173,160.00. Following the completion of the sale, the chief operating officer now owns 328,696 shares of the company's stock, valued at $9,486,166.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO David A. Schwarzbach sold 2,000 shares of the stock in a transaction that occurred on Monday, July 18th. The shares were sold at an average price of $28.14, for a total value of $56,280.00. Following the completion of the sale, the chief financial officer now directly owns 201,058 shares of the company's stock, valued at approximately $5,657,772.12. The disclosure for this sale can be found here. Insiders have sold 34,605 shares of company stock worth $1,021,250 over the last quarter. 7.70% of the stock is currently owned by insiders.