YELP - Yelp Inc.

NYSE - NYSE Delayed Price. Currency in USD
34.61
+0.34 (+0.99%)
At close: 4:01PM EST

34.61 0.00 (0.00%)
After hours: 4:56PM EST

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Previous Close34.27
Open34.57
Bid33.59 x 800
Ask35.37 x 1000
Day's Range34.20 - 34.82
52 Week Range30.11 - 40.99
Volume1,100,428
Avg. Volume1,242,633
Market Cap2.37B
Beta (3Y Monthly)1.00
PE Ratio (TTM)50.60
EPS (TTM)0.68
Earnings DateFeb 11, 2020 - Feb 17, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est38.71
  • Elon Musk’s Boring Co. Is Run by a Former Bar Owner Who Can Quote Ayn Rand
    Bloomberg

    Elon Musk’s Boring Co. Is Run by a Former Bar Owner Who Can Quote Ayn Rand

    (Bloomberg) -- Before he became the director of one of the world’s most closely watched transportation companies, Steve Davis owned a bar. And not just any bar. Thomas Foolery was dubbed by the Washington City Paper “the wackiest bar in Washington.” It sold Ring Pops, kept a Bedazzler on the premises and gave 10% off to anyone who dressed up as Carlton from the TV show Fresh Prince of Bel-Air.So it’s perhaps fitting that Davis is now the president of Boring Co., Elon Musk’s wackiest transportation startup. Boring Co., despite its audacious goal of remaking urban transit, also created a media sensation last year by selling flamethrowers and building an actual watchtower as part of an elaborate Monty Python joke.Now, Davis and Boring Co. have more serious plans. On Friday, he’ll be on site to mark the official start of tunnel-drilling underneath the Las Vegas Convention Center. It’s the first big test of whether the whimsical Boring Co. can actually complete a large-scale commercial undertaking.Boring Co.’s $48.7 million subterranean transit system in Las Vegas is its only major project so far, outside of a nearly mile-long test tunnel in Hawthorne, California. Pit construction and other preliminary work on the project began two months ago. If all goes according to plan, in January 2021, Las Vegas convention goers will be able to board Teslas running along a throughway buried underground, and be hurtled halfway along the sprawling complex in just 1 minute. So far, despite Boring Co.’s high profile, Davis has largely stayed out of the spotlight. Through a spokesman, he declined multiple interview requests for this article. But he’s a key force within the company. “He has the ability to inspire people,” said Mike Wongkaew, who was a Boring Co. engineer until late last year. “He also rolls up his sleeves and helps out.” Last year, as the company raced to finish its Hawthorne test tunnel, Wongkaew said Davis was among those helping carry supplies like plywood frames deep into the tunnel.Colleagues describe him as a sharp engineer who provides both broad leadership and tackles detailed engineering questions. “He’s a technical guy,” said Juan Reyes, former acting administrator of the Federal Railroad Administration, now a partner at law firm Seyfarth Shaw. “They really count on him to resolve issues.”And at Boring Co. today, there is no shortage of issues. While the company has made progress in Las Vegas, two more of its major projects have been stymied. In Washington, a proposed link from the city to Baltimore is mired in regulatory review. And in Chicago, where former Mayor Rahm Emmanuel promised speedy action on a proposed downtown-to-O’Hare shuttle, the mayor’s unexpected retirement threw the plans into limbo. His successor, Mayor Lori Lightfoot, told the Chicago Sun Times in June that Musk’s promise to build the tunnel without city money was “a total fantasy” and that the project didn’t rise “to the top of our list” of priorities. Other critics have questioned both the safety of Boring Co. tunnels and the company’s lack of experience building large-scale infrastructure. But it’s a newcomer’s fresh thinking, the company contends, that’s allowed it to develop technology to construct tunnels faster and cheaper than the competition. Boring Co.’s champions believe that combination will make a new transportation future possible. Now, in Las Vegas, with two parallel 0.8-mile tunnels under the convention center, Davis is going to get the chance to prove it.Davis started working with Elon Musk in 2003 as one of the first hires at Musk’s Space Exploration Technologies Corp. With his twin master’s degrees in particle physics and aerospace engineering, Davis developed a reputation at SpaceX for relentlessness. “He’s been working 16 hours a day every day for years,” one SpaceX engineer told Bloomberg journalist Ashlee Vance in his book, Elon Musk. “He gets more done than 11 people working together.”He’s also performed feats of engineering. At one point, Musk assigned Davis the near-impossible task of making a part that cost $120,000 with a budget of $5,000. Davis toiled for months and eventually came up with a way to craft the part for $3,900, Vance writes. When Davis sent Musk a lengthy message with the good news, outlining the process and savings, Musk sent a one-word email back: “Ok.” Davis now jokes about the incident, but it reveals a hard-headedness from Musk, a famously tough boss, as well as Davis’s ability to handle it. Davis is one of Musk’s longer-serving executives.At SpaceX, Davis spent a few years working in different locations, including Omelek Island in the Marshall Islands, where the company once had launch facilities, as well as its Southern California headquarters. Then, a little over a decade ago, he moved to Washington to open the company’s D.C. office.There, missing the type of frozen yogurt he’d grown accustomed to in California, he decided to learn to make it himself via trial and error, according to an interview with a local radio station. As a side project, he opened his own yogurt store, Mr. Yogato, in the city’s Dupont Circle neighborhood, three months before the first successful launch of SpaceX’s Falcon 1 vehicle in 2008. Mr. Yogato customers who answered trivia questions correctly got 10% off, as did anyone who could stump Davis on a Seinfeld question, according to the “Rules of Yogato” posted on the shop’s website. Those who came dressed as tennis star Bjorn Borg got 25% off.This burst of entrepreneurship unfolded as Davis, still at SpaceX, got to work on yet another degree: a Ph.D. program in economics at George Mason University, where he wrote his 2010 dissertation on U.S. currency debasement. In the preface he noted he one day hoped to open a restaurant called “Little Yohai,” perhaps finding inspiration in Morrie Robert Yohai, inventor of the Cheez Doodle.Instead, he settled for opening a bar, Thomas Foolery, which became one of the first restaurants in Washington to accept Bitcoin. The bar was stuffed with “gimmick upon gimmick,” wrote the Washington Post, including “angry hour” discounts for patrons who shouted their drink orders. It also served comfort food like grilled cheese sandwiches, cookies with ice cream and spiked versions of milkshakes. “Basically, it takes you back to being a kid, but with alcohol,” one reviewer wrote on Yelp.Today, Davis is no longer a restaurateur. Thomas Foolery closed in 2015, and he sold Mr. Yogato last year for $1, after holding a contest to select the new owner. Now, Davis seems to have found a creative outlet on a much larger scale.In 2016, Musk started Boring Co., which he tapped Davis to lead. Onstage at a presentation in Los Angeles last year, Musk and Davis joked about their plans for the company’s waste product of tunneling sludge. Davis deferred to Musk, laughing at his jokes without seeming obsequious, and a couple of times gently nudged him from one topic to the next. Their easy rapport may help explain Davis’s longer-than-usual tenure as a top Musk lieutenant. At the event, Musk said he was contemplating selling Boring Co. bricks made from dug-up dirt for life-size Lego kits, or perhaps using them to create an Egyptian-style monument. Davis responded by telling Musk the company would build him a pyramid. (So far Boring Co. has only built the Monty Python watchtower.) While the two men talked, between them, a snail crawled around in a pineapple-shaped terrarium, meant to symbolize the slow pace of competitors’ tunneling equipment.Some in the industry are not amused. In Las Vegas, the city’s own mayor, Carolyn Goodman, took a stand against the Boring Co. project there, citing the company’s track record of completing zero commercial projects so far. But this spring, Davis spoke at a Las Vegas Convention and Visitors Authority meeting about the company’s vision for the transit system. The group outvoted Goodman and approved the tunnels. Wooing skeptical public officials has become an integral part of Davis’s job, as he fights for the requisite approvals and contracts in places like Chicago and Baltimore. It’s a task he was familiar with from his time at SpaceX in Washington, negotiating with agencies like the Federal Aviation Association. “He was always trying to adjust things so the government would ultimately approve it,” said former railroad administrator Reyes, who got to know Davis through Boring Co.’s efforts to navigate the intricate federal review process required for the Washington-area tunnel. Yet in one way, Davis’s role as a government liaison is an odd fit. He has served as a member of the board of advisers of the Atlas Society, according to its website. The group is dedicated to exploring the philosophy of Ayn Rand, known for equating government bureaucrats with “looters and moochers.” According to one 2012 report on a lecture he gave at the Atlas Society, Davis can quote from Rand’s influential novel, Atlas Shrugged. He also appears in the background of a 2012 movie based on the book.Whatever his literary preferences, regulators will look more kindly on Boring Co. if Davis can pull off the Las Vegas project without a hitch. Plenty of other cities could use a low-cost transit option. And the Boring Co. is likely to bid on other projects as they come up around the country.One contender: San Jose, California, which has sent engineers to meet with the Boring Co. and earlier this year put out a request for information on two projects. One would connect Diridon Station downtown to the airport, and the other would run along the Stevens Creek corridor, a busy thoroughfare that connects downtown to Cupertino, about a dozen miles west. It was the Boring Co., said San Jose Mayor Sam Liccardo, that inspired the city to believe it could attract relatively low-cost, high-tech proposals.If Boring Co. lives up to its promises in congested urban areas around the country, its technology could one day outdo the fervently held techie dream of building cars that fly, Davis has said. “Flying cars ... they don’t really exist,” he said during the Los Angeles presentation with Musk. “Tunnels do exist. And are very buildable.” To contact the author of this story: Sarah McBride in San Francisco at smcbride24@bloomberg.netTo contact the editor responsible for this story: Anne VanderMey at avandermey@bloomberg.net, Mark MilianFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • NASDAQ Hits New Record Despite Slow Session
    Zacks

    NASDAQ Hits New Record Despite Slow Session

    NASDAQ Hits New Record Despite Slow Session

  • Thomson Reuters StreetEvents

    Edited Transcript of YELP earnings conference call or presentation 7-Nov-19 10:00pm GMT

    Q3 2019 Yelp Inc Earnings Call

  • Yelp: An Intriguing Setup Into 2020
    GuruFocus.com

    Yelp: An Intriguing Setup Into 2020

    A look at the company's 3rd-quarter results Continue reading...

  • Yelp's (YELP) Q3 Earnings Miss Estimates, Ad Revenues Rise
    Zacks

    Yelp's (YELP) Q3 Earnings Miss Estimates, Ad Revenues Rise

    Yelp's (YELP) third-quarter 2019 results reflect strong advertising revenue growth driven by growing Paying advertising locations.

  • Yelp stock surges toward best day in a year on hopes acceleration can continue
    MarketWatch

    Yelp stock surges toward best day in a year on hopes acceleration can continue

    Yelp Inc.’s earnings tend to cause big swings in the local-listings stock, and Thursday’s report was no exception, even as Yelp came in ahead of revenue expectations.

  • Markets Press Higher as Gold and Bonds Show Correlation
    Investopedia

    Markets Press Higher as Gold and Bonds Show Correlation

    While FAANG stocks are showing mixed results for the year, investors are rewarding Google's market position.

  • Yelp (YELP) Lags Q3 Earnings and Revenue Estimates
    Zacks

    Yelp (YELP) Lags Q3 Earnings and Revenue Estimates

    Yelp (YELP) delivered earnings and revenue surprises of -26.32% and -0.03%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • MarketWatch

    Yelp shares rally after regular-session drop following earnings

    Yelp Inc. shares rose in the extended session even after the review site's earnings and outlook left a lot to be desired. Yelp shares rallied 11% after hours, following a 7.9% drop in the regular session to close at $30.12. The company reported third-quarter net income of $10.1 million, or 14 cents a share, compared with $15 million, or 17 cents a share, in the year-ago period. Revenue rose to $262.5 million from $241.1 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 19 cents on revenue of $262 million. Yelp said it expects fourth-quarter revenue to grow 11% to 13% over the prior year, or to a range of $270.5 million to $275.4 million, while analysts had forecast on revenue of $276.9 million.

  • Business Wire

    Yelp Reports Third Quarter 2019 Financial Results

    Net revenue grew 9% year over year to $262 million, reaccelerating from Q2 2019

  • Benzinga

    Yelp Q3 Earnings Preview

    Yelp (NYSE: YELP ) announces its next round of earnings this Thursday, November 7. Here's Benzinga's look at Yelp's Q3 earnings report. Earnings and Revenue Wall Street analysts see Yelp reporting earnings ...

  • What You Must Know About Yelp Inc.'s (NYSE:YELP) Beta Value
    Simply Wall St.

    What You Must Know About Yelp Inc.'s (NYSE:YELP) Beta Value

    If you own shares in Yelp Inc. (NYSE:YELP) then it's worth thinking about how it contributes to the volatility of your...

  • Earnings Preview: Yelp (YELP) Q3 Earnings Expected to Decline
    Zacks

    Earnings Preview: Yelp (YELP) Q3 Earnings Expected to Decline

    Yelp (YELP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Business Wire

    Yelp Announces Date of Third Quarter 2019 Financial Results

    Yelp Inc. (YELP), the company that connects people with great local businesses, announced that it will release its financial results for the quarter ended September 30, 2019 after the market closes on Thursday, November 7, 2019. Yelp will issue a press release when its Shareholder Letter for the quarter has been posted on its investor relations website at www.yelp-ir.com. Following the release of the Shareholder Letter, Yelp will host a webcasted conference call to discuss its third quarter results starting at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day.

  • Google Roundup: Regulatory Matters, Looker Deal Issues, Search Market Share, New Products
    Zacks

    Google Roundup: Regulatory Matters, Looker Deal Issues, Search Market Share, New Products

    CEO Pichai defends Google, French regulators get angry, the Looker acquisition falls under antitrust review, Google's search market share shrinks and Google products are refreshed in this iteration of the Google Roundup.

  • Is Yelp Inc (YELP) A Good Stock To Buy?
    Insider Monkey

    Is Yelp Inc (YELP) A Good Stock To Buy?

    As we already know from media reports and hedge fund investor letters, hedge funds delivered their best returns in a decade. Most investors who decided to stick with hedge funds after a rough 2018 recouped their losses by the end of the second quarter. We get to see hedge funds' thoughts towards the market and […]

  • Yelp Economic Average Finds California’s Urban Centers are Declining
    Business Wire

    Yelp Economic Average Finds California’s Urban Centers are Declining

    Yelp Inc. (YELP), the company that connects people with great local businesses, today released third quarter data for the Yelp Economic Average (YEA), a benchmark of local economic strength in the U.S. The report finds slow national growth, up by only .07% in the third quarter, as several of California’s local economies continued long-term declines, led by San Jose and San Francisco.

  • YY or YELP: Which Is the Better Value Stock Right Now?
    Zacks

    YY or YELP: Which Is the Better Value Stock Right Now?

    YY vs. YELP: Which Stock Is the Better Value Option?

  • Those Who Purchased Yelp (NYSE:YELP) Shares Five Years Ago Have A 52% Loss To Show For It
    Simply Wall St.

    Those Who Purchased Yelp (NYSE:YELP) Shares Five Years Ago Have A 52% Loss To Show For It

    Statistically speaking, long term investing is a profitable endeavour. But along the way some stocks are going to...

  • Benzinga

    Wedbush Explores What A Groupon-Yelp Merger Would Look Like

    Ygal Arounian maintained a Neutral rating on Groupon with an unchanged $3.50 price target. The combination of Groupon and Yelp could generate revenue and cost synergies and create a combined entity that is in a better position to compete against digital advertising giants like Google, Arounian said in a Friday note.

  • WeWork CEO to Step Down: Are They Finally Ready to Go Public?
    Zacks

    WeWork CEO to Step Down: Are They Finally Ready to Go Public?

    Office space company WeWork, now known as We Co, continued to tread water as board members and officials from its largest investor, SoftBank Group (SFTBY), were seeking the resignation of company cofounder and CEO, Adam Neumann.

  • Should Investors Buy into Groupon's Potential Yelp Acquisition?
    Zacks

    Should Investors Buy into Groupon's Potential Yelp Acquisition?

    Wall Street does not seem to be buying into Groupon's (GRPN) plan to acquire Yelp (YELP).

  • Yelp Inc. (NYSE:YELP): Will The Growth Last?
    Simply Wall St.

    Yelp Inc. (NYSE:YELP): Will The Growth Last?

    Since Yelp Inc. (NYSE:YELP) released its earnings in June 2019, analysts seem cautiously bearish, with earnings...

  • Yelp (YELP) Adds Features to Improve Customer Experience
    Zacks

    Yelp (YELP) Adds Features to Improve Customer Experience

    Yelp (YELP) unveils a set of tech tools to cater to the needs of both diners and restaurants.

  • Yelp (YELP) Catches Eye: Stock Jumps 5.6%
    Zacks

    Yelp (YELP) Catches Eye: Stock Jumps 5.6%

    Yelp (YELP) saw a big move last session, as its shares jumped nearly 6% on the day, amid huge volumes.