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Monday, January 30, 2023

Yelp Inc. (NYSE: YELP) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Yelp Inc. (YELP) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $30.76. The Yelp Inc. has recorded 234,247 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Yelp to Participate in the Barclays Global Technology, Media and Telecommunications Conference.

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Stocks Info

Yelp Inc. is listed on the NYSE in the Communication Services sector while operating in the Internet Content & Information industry. At the end of the last regular session, the stock closed at $30.76 and fluctuated between $31.31 as its day high and $30.55 as its day low. The current market capitalization of Yelp Inc. is $2.11B. A total of 1.17 million shares were traded on the day, compared to an average of 709.98K shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, YELP has seen 0 BUY and 6 SELL insider trades, representing the acquisition of 0 and the disposition of 36,898 shares. Over the last 12 months, there were 29 BUYs and 47 SELLs from insiders. Insiders purchased 907,297 shares during that period but sold 361,109.

In the most recent transaction, Nachman Joseph R sold 6,000 shares of YELP for 29.23 per share on Nov 21. After the transaction, the Chief Operating Officer now owns 271,053 company shares. In a previous transaction on Nov 15, Schwarzbach David A sold 2,000 shares at 31.10 per share. YELP shares that Chief Financial Officer owns now total 185,172.

Among the insiders who sold shares, Nachman Joseph R disposed of 6,000 shares on Oct 21 at a per-share price of $36.61. This resulted in the Chief Operating Officer holding 286,983 shares of YELP after the transaction. In another insider transaction, Schwarzbach David A sold 2,000 shares at $35.15 per share on Oct 17. Company shares held by the Chief Financial Officer now total 187,172.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for YELP in the last 3 months, the mean price target is $35.78 with high estimates of $42.00 and low estimates of $30.00. In terms of 52-week highs and lows, YELP has a high of $39.26 and a low of $26.28.

As of this writing, YELP has an earnings estimate of $0.22 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.48 per share and a lower estimate of $0.1. The company reported an EPS of -$0.01 in the last quarter, which was 88.90% higher than expectations of -$0.09.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 10 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for YELP is Hold with a score of 2.67. A total of 1 analysts rated the stock as Buy while 0 rated it as Overweight while 7 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 2 thought it should be Sold.

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