Yelp (YELP) : Traders are bullish on Yelp (YELP) as it has outperformed the S&P 500 by a wide margin of 0.45% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.96%, relative to the S&P 500. The stock has risen by 1.5% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.58% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.35% and the 50-Day Moving Average is 10.34%.The 200 Day SMA reached 44.5% Yelp Inc. is up 40.97% in the last 3-month period. Year-to-Date the stock performance stands at 31.77%.
Yelp (YELP) : 21 Wall Street analysts covering Yelp (YELP) believe that the average level the stock could reach for the short term is $38.29. The maximum price target given is $46 and the minimum target for short term is around $27, hence the standard deviation is calculated at $5.34.
Company shares have received an average consensus rating of Hold for the current week Yelp (NYSE:YELP): stock was range-bound between the intraday low of $37.56 and the intraday high of $38.2599 after having opened at $38.17 on Fridays session. The stock finally closed in the red at $38.17, a loss of -0.50%. The stock remained in the red for the whole trading day. The total traded volume was 1,212,689 shares. The stock failed to cross $38.2599 in Fridays trading. The stocks closing price on Thursday was $37.95.
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.