|Bid||46.96 x 900|
|Ask||47.00 x 3000|
|Day's Range||46.55 - 47.40|
|52 Week Range||27.22 - 48.40|
|PE Ratio (TTM)||26.74|
|Earnings Date||Aug 1, 2018 - Aug 6, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||47.30|
If you’re looking for a winner this week, the energy sector is the top performer, up 2.7%. Let’s take a look at some of today’s winners and losers. Stocks in the red include Campbell Soup, as the stock plummets with news that the CEO is retiring.
Yelp Inc. shares rose 1.7% in early trade Friday, after B. Riley FBR analysts upgraded the stock to buy from neutral and said it expects the company has a " significant opportunity to consolidate its engagement in the restaurant vertical and benefit from accelerating growth in the home services vertical." Analysts Sameet Sinha and Lee Krowl also raised their stock price target to $58 from $42, or 21% above its current trading level. Growth will be driven by new and flexible ad formats, a bigger ad sale team, flexible contract terms and the Request-A-Quote product, which the analysts are expecting could go from 1% of revenue in 2017 to 6% by 2020, growing at a compound annual growth rate of 100%, they wrote.
A video of the lawyer berating employees for speaking Spanish went viral Wednesday. One-star reviews quickly found his Yelp listing.
Amazon (AMZN) has stopped buying a popular but expensive type of Google advertisement, according to a Bloomberg report. Amazon had been bidding for the so-called product listing ads that appear at the top of Google search results since 2016, but it suddenly retreated in late April this year.
Amazon (AMZN) stock has gained 11.9% in the last month, 66.6% in the last 12 months, and 0.09% in the last five days. In the last trading session, Amazon (AMZN) was trading 10.5% below its 100-day moving average, while peers eBay (EBAY) and Yelp (YELP) were trading 4.2% and 4.8% above their 100-day moving averages, respectively, and PayPal (PYPL) Groupon (GRPN) were trading 1.0% and 1.8% below their averages.
Schlossberg was captured yelling at a restaurant's employees because they were speaking Spanish to customers. Yelp told reviewers that it would be cleaning up Schlossberg's page after a deluge of posts from people responding to the news. Aaron Schlossberg, a New York-based lawyer, became internet famous on Wednesday for the worst of reasons: a racist rant that went viral.
New York lawyer Aaron Schlossberg got pummeled on Yelp after his racist rant went viral online.
Although the way Alphabet (GOOGL) has been investing recently suggests that it’s preparing for a future beyond advertising, the company isn’t neglecting its core advertising business. Alphabet is investing in fields such as autonomous driving and cloud computing as it seeks to grow its non-advertising revenue. Currently, over 80% of Alphabet’s revenue comes from its advertising sales, which flow through its Google unit.
Facebook (FB) faced challenges in the final weeks of 1Q18 due to the data-mining scandal involving British company Cambridge Analytica, which resulted in some marketers suspending advertising on Facebook’s platforms. As is the case with Twitter (TWTR), Snap (SNAP), Yelp (YELP), and Google’s parent, Alphabet (GOOGL), advertising contributes over 80% of Facebook’s overall revenue—so advertiser boycotts can weigh heavily on Facebook’s performance.
All signs point to the thesis that Yelp Inc (NYSE:YELP) should’ve been a big winner on Wall Street over the past several years. Digital advertising has continued to grow at a robust rate as dollars migrate from traditional advertising channels to more targeted and data-rich digital advertising channels. Naturally, then, YELP stock should be a big winner, right?
In the aftermath of the fake news issues surrounding the 2016 US presidential election, Facebook (FB) launched a pilot project to vet news stories for accuracy in an effort to curb the spread of false news on the Internet. Facebook has reported its 1Q18 financial results at a time when its efforts to curb the spread of fake news on its platforms and the Internet at large have increased significantly. The company recently launched its news fact-checking program in India, one of the fastest-growing digital markets.
Yelp Inc. (YELP), the company that connects people with great local businesses, today announced the quarterly release of the Yelp Local Economic Outlook, a program to rank U.S. metro areas by the pace of local-business population growth to reveal the health of urban economies around the country. While Yelp is most commonly recognized for our leadership in restaurants, Home & Local services has become the fastest growing and largest category by revenue on our platform. In the first quarter of 2018, Yelpers sent more than 4 million quote requests, and Home & Local businesses increased the amount they spend to advertise on Yelp by approximately 30% compared to one year ago.
Yelp announced its first quarter results on May 10, reporting a 13% increase in net revenues to $223 million. Advertising revenues increased 20% on a y-o-y basis to $214 million, while other revenues combined fell over 50% to $9.2 million. In recent quarters, Yelp has reported steady growth in advertising revenues driven by a corresponding increase in paying advertising accounts.
For several recent quarters, Alphabet (GOOGL) executives have been trying to explain why Google’s traffic acquisition costs are on the rise. This development shows growing investor concern about the high cost of sustaining Alphabet’s revenue growth.
Facebook’s (FB) investment in small businesses via the provision of training to small business owners could increase the company’s exposure to the multibillion-dollar local advertising sector. The US local advertising sector is poised to register its fastest annual growth in five years in 2018, according to BIA/Kelsey. The estimated local advertising budget includes spending on digital and traditional media such as television, radio, and print.
There are more than 8.0 million active advertisers on Facebook’s (FB) main advertising platforms. The flagship Facebook platform boasts more than 6.0 million advertisers and 80 million potential advertisers as shown by business profiles on the platform. Instagram, Facebook’s rival to Snap’s (SNAP) Snapchat, boasts more than 2.0 million active advertisers and more than 25 million potential advertisers. Snap doesn’t disclose the number of Snapchat advertisers, but Snap is believed to have fewer advertisers than Facebook.
Shares of Yelp dove following a quarterly earnings report that beat estimates but with guidance that raised concerns about growth.
Yelp’s shift toward non-term contracts might be a hit with advertisers. The change has some clear benefits to the Barron’s Next 50 company: In its most recent quarter, it helped Yelp (YELP) pick up twice as many new customers as it did the quarter before. It’s likely to quickly boost revenue and customer count, while lowering revenue per customer.
Alphabet (GOOG) generated investor returns of 6.6% in the trailing-one-month period and 16.2% in the trailing-12-month period. The company’s share price rose 5.7% in the trailing-five-day period.
Read about the top major direct holders of Yelp Inc., and learn about the backgrounds of these shareholders and the numbers of shares they own.
In this daily bar chart of YELP, below, we can that prices rallied up to $48 in early November, late November, close in March and again this week. In this Point and Figure chart of YELP, below, we can see the triple top at $48.06. Today's price action might give us a down column of O's but I do not know that for certain.
NEW YORK, NY / ACCESSWIRE / May 11, 2018 / U.S. markets eked out gains on Thursday, on the back of positive economic data and strong performance from the technology sector. The technology sector has gained almost 7% in May which is a much steeper gain than any other sector. "Because this handful of stocks (in technology sector) are continuing to lead, it will be hard to get the kind of market breadth that you'd like to see signal a more positive backdrop.