Yelp Inc [YELP] stock is trading at $37.47, down -0.79%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The YELP shares have gain 4.75% over the last week, with a monthly amount glided 3.71%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
On October 27, 2023, upgrade upgraded it’s rating to Neutral but maintained its price target of $39 on the stock. Craig Hallum started tracking the stock assigning a Buy rating and suggested a price target of $54 on July 28, 2023. Goldman upgraded its rating to a Buy and raised its price target to $47 on July 17, 2023. KeyBanc Capital Markets downgraded its rating to Underweight for this stock on July 17, 2023, but kept the price target unchanged to $34. In a note dated December 20, 2022, JP Morgan downgraded an Underweight rating on this stock and revised its target price from $34 to $23.
Yelp Inc [YELP] stock has fluctuated between $34.76 and $48.99 over the past year. Currently, Wall Street analysts expect the stock to reach $36.29 within the next 12 months. Yelp Inc [NYSE: YELP] shares were valued at $37.47 at the most recent close of the market. An investor can expect a potential drop of -3.15% based on the average YELP price forecast.
Analyzing the YELP fundamentals
Yelp Inc [NYSE:YELP] reported sales of 1.36B for the trailing twelve months, which represents a growth of 6.50%. Gross Profit Margin for this corporation currently stands at 0.9% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.16 and Total Capital is 0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.11.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 37.15 points at the first support level, and at 36.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 37.95, and for the 2nd resistance point, it is at 38.44.
Ratios To Look Out For
For context, Yelp Inc’s Current Ratio is 3.17. As well, the Quick Ratio is 3.17, while the Cash Ratio is 1.55. Considering the valuation of this stock, the price to sales ratio is 1.86, the price to book ratio is 3.55 and price to earnings (TTM) ratio is 23.89.
Transactions by insiders
Recent insider trading involved Nachman Joseph R, Chief Operating Officer, that happened on Jul 05 ’24 when 7000.0 shares were sold. Chief Operating Officer, Nachman Joseph R completed a deal on Jun 04 ’24 to sell 4941.0 shares. Meanwhile, Chief Technology Officer Eaton Sam sold 425.0 shares on Jun 03 ’24.
