Who owns Yelp stock?
Feb 09, 2018 · Shares of Yelp Inc. (NYSE: YELP) fell 14% on Thursday after the local business-review specialist announced strong fourth-quarter 2017 results and disappointing forward earnings guidance. More ...
Did Yelp see a decline in short interest in December?
Jun 10, 2020 · Yelp’s stock, an online directory for discovering local businesses, has declined around 45% since the end of 2017. But what went wrong for the company to see such a drop in stock price, despite ...
What are analysts'price targets for Yelp's stock?
Why Yelp, Inc. Stock Dropped Today By Steve Symington - Feb 8, 2018 at 7:21PM You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services.
What does Yelp's P/E ratio indicate?
Feb 03, 2016 · Yelp ( YELP -0.27%) saw its stock price fall of a cliff in January, and the only reason appears to be that the big boys have stepped up their efforts to …
The local business review site reported second-quarter results but uncertainties linger
What happened
Evan is a Senior Technology Analyst at The Motley Fool. He was previously a Senior Trading Specialist at Charles Schwab, and worked briefly at Tesla. Evan graduated from the University of Texas at Austin, and is a CFA charterholder.
So what
Shares of Yelp ( NYSE:YELP) have tanked today, down by 14% as of 12:20 p.m. EDT, after the company reported second-quarter earnings. The results topped expectations, but the local business review site continues to feel the impact of the COVID-19 pandemic.
Now what
Revenue in the second quarter fell by nearly a third to $169 million, which was still better than the $153 million in sales that analysts were expecting. That translated into a net loss of $24 million, or $0.33 per share, also better than the $0.51 per share in losses that Wall Street was modeling for. Adjusted EBITDA plunged 80% to $11 million.
What happened
Due to ongoing uncertainty stemming from the pandemic, Yelp did not give much specific financial guidance for the third quarter beyond noting that operating expenses are expected to rise by $30 million. Instead, management provided some commentary about trends that the business is seeing.
So what
On a generally "green" day for stock markets, with the S&P 500 rising 1.5% through market close, shares of Yelp ( YELP -0.56% ) stock ended the day looking redder than most -- down 9%.
Now what
This morning, analysts at Baird announced they were cutting their price target on Yelp shares by 27%, from $30 a share to $22. Granted, even $22 is more money than Yelp shares ended up costing by close of trading Thursday. Regardless, Baird thinks the stock deserves no more than a neutral rating, and not a buy.
Premium Investing Services
Baird estimates that Yelp's page views and search traffic are down about 40% to 45% from pre-coronavirus levels, in line with reductions elsewhere in the advertising industry. Assuming these declines will translate into similarly lower revenue -- and probable operating losses -- Yelp stock simply isn't worth what it was before the crisis.
Who sold Yelp stock?
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What is the stock price of Yelp 2020?
YELP stock was sold by a variety of institutional investors in the last quarter, including Junson Asset Management Hong Kong Ltd. Company insiders that have sold Yelp company stock in the last year include Carolyn Patterson, Jeremy Stoppelman, Joseph R Nachman, Laurence Wilson, Miriam Warren, Sam Eaton, and Vivek Patel.
Is Yelp a hold?
Yelp's stock was trading at $24.00 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, YELP stock has increased by 63.7% and is now trading at $39.28.
