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Yelp Inc. (YELP) operates a platform that connects people with local businesses in the United States.
Its 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 categories.
The company provides local advertising services, including free and paid business listing services to businesses of various sizes, as well as enable businesses to deliver targeted search advertising to large local audiences through its Website and mobile app.
It also offers brand advertising services comprising advertising solutions for national brands in the food and restaurant, automobile, financial services, logistics, consumer goods, and health and fitness industries that want to improve their local presence in the form of display advertisements and brand sponsorships. In addition, the company provides other services, including Yelp platform, which allows consumers to transact directly on Yelp; Yelp deals that allows local business owners to create promotional discounted deals for their products and services; and gift certificates products for local business owners to sell full-price gift certificates directly to customers.
It serves customers in Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, the Czech Republic, Denmark, Finland, France, Germany, Hong Kong, Ireland, Italy, Japan, Mexico, the Netherlands, New Zealand, Norway, Poland, Portugal, Singapore, Spain, Sweden, Switzerland, Turkey, the United Kingdom, and the United States. It has a strategic partnership with YP to display YP business owner profile data on companys platform.
This stock has had a real hard time in the past few weeks. Shares sold off after the company's earnings came in below estimates while the company was sued by some consumers stating that some of its reviews have been paid for! These events have pushed the shares down to a 2-year low. We are now hearing rumors that this stock will be featured by a leading stock advisory group as its "Top Pick" for next week. There are many mutual funds that mimic this services' selection. By being named as the service's "Top Pick", it will create additional demand for the shares. Some mutual fund managers will be required to buy the shares.
52-Weeks Trading Range: $23.66 - $86.88
Entry Point: $26.30
Stop Loss: $24.89
Target Price: $28.85
YELP closed at $24.70.
