The stock of Yelp Inc. (NYSE:YELP) increased by $0.67 on Friday to finish at $43.47, up 1.57 percent. The last five days have seen an average of 724,480 shares of common stock traded. 27 times new highs were reached in the current year, with a gain of $16.13. The average number of shares traded over the last 20 days was 901,895, while the average volume over the last 50 days totaled 716,590.
YELP stock appreciated 13.65% since last month. On 07/12/23, the company’s shares reached a one-month low of $37.53. The stock touched a high of $47.59 on 08/04/23, after rallying from a low of $25.30 in 52 weeks. The price of YELP stock has risen by 59.00% or $16.13 this year, reaching a new high 27 times. Still, the stock price is down -8.66% from the 52-week high.
Insider Transactions
YELP stock investors should be aware that Yelp Inc. (YELP) stock had its last reported insider trading activity 6 days ago on Aug 08. On Aug 08, Chief Executive Officer Stoppelman Jeremy sold 1,300 shares at $45.14 each. This transaction resulted in the insider making $58,680. On Aug 07, Stoppelman Jeremy sold 10,000 shares at a price of US$45.32. After the transaction, the insider now owns 2,143,310 shares. Chief Executive Officer Stoppelman Jeremy had earlier sold 10,000 shares on Aug 04 for $46.55 a share. The transaction was completed for $465,500.
Valuation Metrics
Yelp Inc. (YELP) has a trailing price-to-earnings (P/E) ratio of 73.43. Beta for the stock is 1.46. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.32, the price-to-book (PB) ratio of 4.25, and the price-to-cash flow ratio of 14.44.
Financial Health
For the three months ended June 29, Yelp Inc.’s quick ratio was 2.70, while its current ratio was 2.70, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 91.20% percent. Yelp Inc.’s EBITDA margin for the year ended June 29 was 13.85%, whereas its operating margin stood at 4.60% for the same period. Based on annual data, it had gross profit of $1.09 billion and revenue of $1.19 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. YELP’s return on assets (ROA) during the last 12 months has been 4.20%. There was a 3.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 6.10%.
Earnings Surprise
According to Yelp Inc.’s quarterly financial report for the quarter that ended June 29, it had $126.91 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $337.13 million, while revenues rose by 11.35% to $312.44 million. It was predicted that Yelp Inc.’s quarterly earnings would be $0.21, but it ended up being $0.15. EBITDA was $43.13 million for the quarter. At the end of Yelp Inc.’s most recent quarter ended June 29, its liabilities totaled 324.69 million, while its total debt was $106.02 million. Equity owned by shareholders amounts to $68.71 million.
Technical Picture
Here’s a quick look at Yelp Inc.’s (YELP) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 53.77%, suggesting the stock is Neutral, with a 39.10% historical volatility rate.
The stochastic %K and %D were 27.80% and 35.23% respectively, while the average true range (ATR) was 1.48. Based on the 14-day stochastic reading of 33.55%, the RSI (14) reading is 57.99%. On the 9-day MACD Oscillator, the stock is at -0.97, and the 14-day reading is at -0.79.
Analyst Ratings
In its analyst report released on July 28, 2023, Craig Hallum began covering Yelp Inc. (NYSE: YELP). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Yelp Inc. (YELP) an Hold rating. YELP is a stock that is recommended for selling by 3 brokerage firms, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.
What is YELP’s price target for the next 12 months?
The current consensus forecast for the stock is between $30.00 and $60.00, with a median target price of $44.50. In analyzing these forecasts, the average price target given by analysts for Yelp Inc. (YELP) is $44.40.
