Stock Traders Purchase Large Volume of Yelp Call Options (YELP)
Shares of Yelp (NASDAQ:YELP) saw unusually large options trading activity on Tuesday. Stock investors bought 15,778 call options on the stock, Analyst RN reports. This is an increase of approximately 131% compared to the average daily volume of 6,841 call options.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Yelp from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, October 3rd. They now have a $74.60 price target on the stock. Separately, analysts at Wunderlich raised their price target on shares of Yelp from $53.00 to $82.00 in a research note to investors on Thursday, October 3rd. They now have a “buy” rating on the stock. Finally, analysts at Needham & Company reiterated a “buy” rating on shares of Yelp in a research note to investors on Tuesday, October 1st. They now have a $78.00 price target on the stock. Thirteen analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $54.06.
Shares of Yelp (NASDAQ:YELP) traded down 7.62% during mid-day trading on Tuesday, hitting $64.60. The stock had a trading volume of 6,797,335 shares. Yelp has a 52-week low of $16.32 and a 52-week high of $73.45. The stock has a 50-day moving average of $61.70 and a 200-day moving average of $40.49. The company’s market cap is $4.213 billion.
Yelp (NASDAQ:YELP) last posted its quarterly earnings results on Wednesday, July 31st. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.03. The company had revenue of $55.02 million for the quarter, compared to the consensus estimate of $53.28 million. During the same quarter in the previous year, the company posted ($0.03) earnings per share. The company’s revenue for the quarter was up 68.3% on a year-over-year basis. On average, analysts predict that Yelp will post $-0.10 earnings per share for the current fiscal year.
Yelp Inc connects people with great local businesses. Its users have contributed a total of approximately 36.
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