BTIG Research Initiated Yelp Inc. [YELP]. What else is Wall St. saying?

Yelp Inc. [NYSE: YELP] price surged by 4.49 percent to reach at $1.11. The company report on July 23, 2020 that Yelp Announces Date of Second Quarter 2020 Financial Results.

Yelp Inc. (NYSE: YELP), the company that connects people with great local businesses, announced that it will release its financial results for the quarter ended June 30, 2020 after the market closes on Thursday, August 6, 2020.

Yelp will issue a press release when its Shareholder Letter for the quarter has been posted on its investor relations website at www.yelp-ir.com. Following the release of the Shareholder Letter, Yelp will host a webcasted conference call to discuss its second quarter results starting at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. The live and archived webcasts will be accessible from Yelp’s investor relations website at the same web address as above.

A sum of 1205218 shares traded at recent session while its average daily volume was at 1.30M shares. Yelp Inc. shares reached a high of $25.915 and dropped to a low of $24.63 until finishing in the latest session at $25.81.

The one-year YELP stock forecast points to a potential downside of -6.0. The average equity rating for YELP stock is currently 2.90, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Yelp Inc. [YELP]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for YELP shares is $24.35 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on YELP stock is a recommendation set at 2.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BTIG Research have made an estimate for Yelp Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 11, 2020. While these analysts kept the previous recommendation, BMO Capital Markets dropped their target price from $33 to $26. The new note on the price target was released on May 11, 2020, representing the official price target for Yelp Inc. stock. Previously, the target price had yet another drop from $40 to $35, while RBC Capital Mkts kept a Sector Perform rating on YELP stock.

The Average True Range (ATR) for Yelp Inc. is set at 1.08, with the Price to Sales ratio for YELP stock in the period of the last 12 months amounting to 1.81. The Price to Book ratio for the last quarter was 2.42, with the Price to Cash per share for the same quarter was set at 6.77. Price to Free Cash Flow for YELP in the course of the last twelve months was 10.99 with Quick ratio for the last quarter at 4.20.

YELP Stock Performance Analysis:

Yelp Inc. [YELP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.55. With this latest performance, YELP shares gained by 11.88% in over the last four-week period, additionally sinking by -24.13% over the last 6 months – not to mention a drop of -23.02% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for YELP stock in for the last two-week period is set at 60.70, with the RSI for the last a single of trading hit 69.69, and the three-weeks RSI is set at 59.54 for Yelp Inc. [YELP]. The present Moving Average for the last 50 days of trading for this stock 23.67, while it was recorded at 24.95 for the last single week of trading, and 27.83 for the last 200 days.

Insight into Yelp Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Yelp Inc. [YELP] shares currently have an operating margin of +3.50 and a Gross Margin at +87.78. Yelp Inc.’s Net Margin is presently recorded at +4.03.

Return on Total Capital for YELP is now 3.44, given the latest momentum, and Return on Invested Capital for the company is 4.08. Return on Equity for this stock inclined to 4.47, with Return on Assets sitting at 3.64. When it comes to the capital structure of this company, Yelp Inc. [YELP] has a Total Debt to Total Equity ratio set at 30.76. Additionally, YELP Total Debt to Total Capital is recorded at 23.53, with Total Debt to Total Assets ending up at 21.69. Long-Term Debt to Equity for the company is recorded at 23.15, with the Long-Term Debt to Total Capital now at 17.70.

Reflecting on the efficiency of the workforce at the company, Yelp Inc. [YELP] managed to generate an average of $6,871 per employee. Receivables Turnover for the company is 10.45 with a Total Asset Turnover recorded at a value of 0.90.Yelp Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.20 and a Current Ratio set at 4.20.

YELP Stock EPS

With the latest financial reports released by the company, Yelp Inc. posted 0.16/share EPS, while the average EPS was predicted by analysts to be reported at 0.12/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 33.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for YELP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Yelp Inc. go to 10.66%.

Yelp Inc. [YELP] Insider Position Details

There are presently around $1,735 million, or 96.70% of YELP stock, in the hands of institutional investors. The top three institutional holders of YELP stocks are: BLACKROCK INC. with ownership of 8,367,603, which is approximately -7.668% of the company’s market cap and around 1.10% of the total institutional ownership; VANGUARD GROUP INC, holding 6,413,228 shares of the stock with an approximate value of $165.53 million in YELP stocks shares; and PRESCOTT GENERAL PARTNERS LLC, currently with $145.85 million in YELP stock with ownership of nearly 14.023% of the company’s market capitalization.

Positions in Yelp Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 133 institutional holders increased their position in Yelp Inc. [NYSE:YELP] by around 8,418,839 shares. Additionally, 115 investors decreased positions by around 6,049,572 shares, while 34 investors held positions by with 52,769,083 shares. The mentioned changes placed institutional holdings at 67,237,494 shares, according to the latest SEC report filing. YELP stock had 34 new institutional investments in for a total of 2,436,401 shares, while 47 institutional investors sold positions of 1,406,063 shares during the same period.

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