Yelp Sees Unusually Large Options Volume (YELP)
Shares of Yelp (NASDAQ:YELP) saw unusually large options trading on Tuesday. Traders bought 15,435 put options on the company, Analyst RN reports. This is an increase of approximately 225% compared to the typical daily volume of 4,751 put 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 given a buy rating to the stock. The stock 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. 6,799,325 shares of the company’s stock traded hands. Yelp has a 1-year low of $16.32 and a 1-year 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) earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.03) earnings per share. Yelp’s revenue was up 68.3% compared to the same quarter last year. Analysts expect that Yelp will post $-0.10 EPS 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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