Can Yelp Inc. (YELP)’s Tomorrow be Different? The Stock Formed a Bullish Wedge Up

May 17, 2018 - By Hannah Black

Yelp Inc. (NYSE:YELP) Logo

Investors sentiment increased to 1.33 in Q4 2017. Its up 0.48, from 0.85 in 2017Q3. It is positive, as 37 investors sold Yelp Inc. shares while 49 reduced holdings. 44 funds opened positions while 70 raised stakes. 60.57 million shares or 0.90% more from 60.04 million shares in 2017Q3 were reported.
Tiaa Cref Mngmt Limited Liability holds 0.01% of its portfolio in Yelp Inc. (NYSE:YELP) for 417,224 shares. Smith Thomas W reported 241,480 shares or 8.51% of all its holdings. Lpl Fincl Limited Co holds 0% or 9,020 shares. Boston Advsrs Ltd Co accumulated 32,525 shares. Ubs Asset Mngmt Americas Inc has 55,469 shares for 0% of their portfolio. 327,492 were reported by Bancorp Of New York Mellon Corporation. Warren Averett Asset Mngmt Ltd Com stated it has 0% of its portfolio in Yelp Inc. (NYSE:YELP). Parallax Volatility Advisers Ltd Partnership has 0.01% invested in Yelp Inc. (NYSE:YELP). Us Comml Bank De reported 0% of its portfolio in Yelp Inc. (NYSE:YELP). Goodnow Invest Gp Limited Liability Co owns 53,810 shares. Herald has invested 1.18% in Yelp Inc. (NYSE:YELP). Lucus Advisors Ltd Llc invested 0.48% in Yelp Inc. (NYSE:YELP). Sg Americas Llc, a New York-based fund reported 12,578 shares. Verition Fund Mgmt Limited Liability Company has invested 0.03% in Yelp Inc. (NYSE:YELP). Laurion Capital Mngmt Ltd Partnership has 6,500 shares.

Since December 12, 2017, it had 0 insider purchases, and 30 selling transactions for $11.35 million activity. Donaker Geoffrey L sold $254,995 worth of Yelp Inc. (NYSE:YELP) on Tuesday, April 10. $606,676 worth of stock was sold by Nachman Joseph R on Tuesday, February 20.

The stock of Yelp Inc. (YELP) formed an up wedge with $48.62 target or 8.00 % above today’s $45.02 share price. The 6 months wedge indicates low risk for the $3.77B company. If the $48.62 price target is reached, the company will be worth $301.36 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 2.25% or $0.99 during the last trading session, reaching $45.02. About 1.23 million shares traded. Yelp Inc. (NYSE:YELP) has risen 27.04% since May 17, 2017 and is uptrending. It has outperformed by 15.49% the S&P500.

Analysts await Yelp Inc. (NYSE:YELP) to report earnings on August, 2. They expect $0.02 EPS, down 77.78 % or $0.07 from last year’s $0.09 per share. YELP’s profit will be $1.67M for 562.75 P/E if the $0.02 EPS becomes a reality. After $-0.03 actual EPS reported by Yelp Inc. for the previous quarter, Wall Street now forecasts -166.67 % EPS growth.

Yelp Inc. (NYSE:YELP) Ratings Coverage

Among 15 analysts covering Yelp (NYSE:YELP), 6 have Buy rating, 2 Sell and 7 Hold. Therefore 40% are positive. Yelp had 18 analyst reports since December 6, 2017 according to SRatingsIntel. Piper Jaffray maintained Yelp Inc. (NYSE:YELP) on Thursday, May 3 with “Sell” rating. The stock of Yelp Inc. (NYSE:YELP) earned “Equal-Weight” rating by Barclays Capital on Thursday, February 8. The firm has “Buy” rating by RBC Capital Markets given on Wednesday, February 7. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, February 8. The firm has “Overweight” rating by JP Morgan given on Monday, December 18. The company was maintained on Friday, May 11 by Credit Suisse. On Wednesday, January 24 the stock rating was maintained by Bank of America with “Buy”. The company was maintained on Wednesday, January 24 by Cowen & Co. The stock of Yelp Inc. (NYSE:YELP) has “Hold” rating given on Friday, May 11 by Aegis Capital. As per Monday, December 18, the company rating was maintained by J.P. Morgan.

More notable recent Yelp Inc. (NYSE:YELP) news were published by: 247Wallst.com which released: “What to Look For in Yelp Earnings” on May 10, 2018, also Twst.com with their article: “Yelp! Inc.: Yelp Releases Local Economic Outlook for Q2 2018” published on May 15, 2018, Businesswire.com published: “Yelp Announces Date of First Quarter 2018 Financial Results” on April 26, 2018. More interesting news about Yelp Inc. (NYSE:YELP) were released by: Bizjournals.com and their article: “Yelp: Here are the top 50 places to eat around the Valley in 2018” published on May 17, 2018 as well as Benzinga.com‘s news article titled: “Alon Rosin’s Yelp Trade Ahead Of Earnings” with publication date: May 10, 2018.

Yelp Inc. operates a platform that connects people with local businesses in the United States, Canada, and internationally. The company has market cap of $3.77 billion. The Company’s platform covers various local business categories, including restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others. It has a 25.73 P/E ratio. The firm provides free and paid business listing services to businesses, as well as enables businesses to deliver targeted search advertising to large local audiences through its Website and mobile application.

Yelp Inc. (NYSE:YELP) Institutional Positions Chart

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