Yelp Inc. (NYSE:YELP) does about 714.01K shares in volume on a normal day but saw 821139 shares change hands in Tuesday trading. The company now has a market cap of 2.02B USD. Its current market price is $29.16, marking a decrease of -1.22% compared to the previous close of $29.52. The 52 week high reached by this stock is $39.26 whilst the lowest price level in 52 weeks is $26.28. The script in recent trading has seen the stock touch a high of $29.45 and a low of $28.60.
Yelp Inc. (YELP) has a 20-day trading average at $32.72 and the current price is -25.74% off the 52-week high compared with 10.96% distance from its 52-week low. The 50-day simple moving average of the closing price is $34.17 and its 200-day simple moving average is $32.87. If we look at the stock’s price movements over the week, volatility stands at 2.55%, which increases to 3.54% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 30.64 to suggest the stock is neutral.
10 analysts observing the Yelp Inc. (YELP) stock have set the 12-month price targets for the company’s shares at between $30.00 and $42.00. The consensus objective for the share price is $35.78, suggesting that the stock has a potential upside of 18.5% over the period. The median price target is 16.69% away from the current levels at $35.00.
FactSet Research has provided data showing that 10 brokerages have issued ratings for the stock. 2 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 7 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Hold the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on July 15, 2022 when Goldman downgraded the stock to “Neutral” and issued a price target of between $49 and $33. Evercore ISI downgraded its price target at $41.
The current price level is -12.18%, -14.95%, and -11.36% away from its SMA20, SMA50, and SMA200 respectively, with the YELP price moving above the 50-day SMA on November 22. Yelp Inc. (YELP) stock is down -5.26% over the week and -23.38% over the past month. Its price is -19.54% year-to-date and -20.09% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/29/2022, with the company’s earnings per share (EPS) of $0.13 below consensus estimates by -$0.09. The company’s next earnings report is expected on 02/09/2023, with forecasts estimating quarterly EPS at $0.32 and $0.54 for whole year. YELP’s earnings per share are forecast to grow by 8.00% this year and 122.20% over next year. Expected sales for next quarter are $305.17 million, which analysts say will come at $1.19 billion for the current fiscal year and next year at $1.29 billion. In addition, estimates put the company’s current quarterly revenue at an average of $306.92 million.
To reach the target analysts have set, the stock logically needs to grow 18.5 percent from here.
Outstanding shares total 70.63M with insiders holding 5.01% of the shares and institutional holders owning 96.09% of the company’s common stock. The company has a return on investment of 5.00% and return on equity of 5.40%. The price to earnings ratio (P/E ratio) amounts to 55.86 while the forward price to earnings ratio is 24.22. The beta has a value of 1.45. Price to book ratio is 2.94 and price to sales ratio is 1.74.
According to a U.S. Securities and Exchange Commission filing, iShares Core S&P Small Cap ETF has added its position in Yelp Inc. (YELP) to 5,196,487 shares, mirroring a recent increase by 0.07%. iShares Core S&P Small Cap ETF added 3416.0 shares of Yelp Inc. common stock bringing its total worth to about $199.6 million at the end of recent close, SEC documents show. Vanguard Total Stock Market Index raise their holdings by 0.43% in the company over the course of the most recent quarter. It now holds a 2.85% position in Yelp Inc. thanks to 2.0 million shares amounting to $76.78 million.