Yelp (YELP) has risen sharply, recording gains of 17.97% in the past 4 weeks. However, the stock has corrected -1.58% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 18.22% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 7.57% and the fifty day Moving Average is 19.77%. Yelp Inc. is up 46.75% in the last three month period. Year-to-Date the stock performance stands at 31.77%.
Yelp (YELP) : Average target price received by Yelp (YELP) is $37.5 with an expected standard deviation of $5.38. The most aggressive target on the stock is $45, whereas the most downbeat target is $27. 20 financial analysts are currently covering the stock.
Yelp (NYSE:YELP): stock turned positive on Friday. Though the stock opened at $37.41, the bulls momentum made the stock top out at $38.06 level for the day. The stock recorded a low of $37.2259 and closed the trading day at $37.95, in the green by 1.88%. The total traded volume for the day was 1,549,555. The stock had closed at $37.25 in the previous days trading.
Yelp Inc. (Yelp) connects people with local businesses by bringing word of mouth online and providing a platform for businesses and consumers to engage and transact. The Company provides local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences, through reviews, tips, photos and videos, and engage directly with businesses, through reviews and its Message the Business feature. The Company has a range of communities of contributors across the world that contributes the content on its platform. These contributors provide firsthand information about local businesses in the form of reviews and ratings, tips, photos and videos. In addition to the business listing and advertising products, the Company also offers a range of features and consumer-interactive tools to facilitate transactions between consumers and the local businesses they find on Yelp.