Yelp Inc. operates a platform that connects consumers with local businesses in the United States and internationally. The company's platform covers various local business categories, including restaurants, shopping, beauty and fitness, health, and other categories, as well as home, local, auto, professional, pets, events, real estate, and financial services. It provides free and paid advertising products to businesses, which include cost-per-click search advertising and multi-location ad products, as well as enables businesses to deliver targeted search advertising to local audiences; and business listing page products. The company also offers other services comprising Yelp Reservations that provide online reservations for restaurants, nightlife, and other venues directly from their Yelp business listing pages; Yelp Waitlist, a subscription-based waitlist management solution that allows consumers to check wait times and join waitlists remotely, as well as businesses to manage seating and server rotation; Yelp Knowledge program that offers business owners local analytics and insights through access to its historical data and other proprietary content; and Yelp Fusion, which offers free and paid access to content and data for consumer-facing enterprise use through publicly available APIs. In addition, it provides content licensing, as well as allows third-party data providers to update and manage business listing information on behalf of businesses. The company offers its products directly through its sales force; indirectly through partners; and online through its website, as well as non-advertising partner arrangements. It has strategic partnership with Grubhub for providing consumers with a service to place food orders for pickup and delivery. Yelp Inc. was incorporated in 2004 and is headquartered in San Francisco, California.
IPO Year: 2012
Exchange: NYSE
Website: yelp.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
10/14/2024 | $46.00 → $38.00 | Buy → Neutral | Goldman |
9/16/2024 | $30.00 | Underperform | BofA Securities |
7/16/2024 | Peer Perform | Wolfe Research | |
3/27/2024 | Mkt Perform | Raymond James | |
10/27/2023 | $39.00 | Underweight → Neutral | JP Morgan |
7/28/2023 | $54.00 | Buy | Craig Hallum |
7/17/2023 | $34.00 | Sector Weight → Underweight | KeyBanc Capital Markets |
7/17/2023 | $39.00 → $47.00 | Neutral → Buy | Goldman |
12/20/2022 | $34.00 → $23.00 | Neutral → Underweight | JP Morgan |
7/15/2022 | $49.00 → $33.00 | Buy → Neutral | Goldman |
Goldman downgraded Yelp from Buy to Neutral and set a new price target of $38.00 from $46.00 previously
BofA Securities initiated coverage of Yelp with a rating of Underperform and set a new price target of $30.00
Wolfe Research initiated coverage of Yelp with a rating of Peer Perform
Raymond James initiated coverage of Yelp with a rating of Mkt Perform
JP Morgan upgraded Yelp from Underweight to Neutral and set a new price target of $39.00
Craig Hallum initiated coverage of Yelp with a rating of Buy and set a new price target of $54.00
KeyBanc Capital Markets downgraded Yelp from Sector Weight to Underweight and set a new price target of $34.00
Goldman upgraded Yelp from Neutral to Buy and set a new price target of $47.00 from $39.00 previously
JP Morgan downgraded Yelp from Neutral to Underweight and set a new price target of $23.00 from $34.00 previously
Goldman downgraded Yelp from Buy to Neutral and set a new price target of $33.00 from $49.00 previously
AI-powered Review Insights and new tipping attributes help consumers learn more about local businesses before they go; enhancements to Yelp Assistant and Yelp's Request a Quote in Apple Maps make it even easier to connect with pros and complete projects; AI-enabled smart selection automatically optimize ads for business owners for the highest return on ad spend Yelp Inc. (NYSE:YELP), the company that connects people with great local businesses, today announced its end-of-year product release featuring more than 20 new updates designed to enhance the user experience for both consumers and business owners. Yelp's latest product release includes AI-driven features, such as Review Insights th
Yelp Inc. (NYSE:YELP), the trusted platform that connects people with great local businesses, today announced that it has completed its previously announced planned acquisition of RepairPal, an auto services platform, for approximately $80 million in cash, subject to customary post-closing adjustments. Established in 2007, RepairPal connects consumers with certified trustworthy mechanics throughout the United States. Large, trusted companies including USAA, CarMax, and Endurance Vehicle Services send their members and customers to RepairPal Certified shops for high-quality repairs at a fair price. TD Securities acted as exclusive financial advisor and Fenwick & West LLP acted as legal a
Yelp Inc. (NYSE:YELP), the company that connects people with great local businesses, announced that it will release its financial results for the quarter ended September 30, 2024 after the market closes on Thursday, November 7, 2024. Yelp will issue a press release when its Shareholder Letter 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. The live and archived webcasts will be accessible from Yelp's investor relations website at the same web address as above. Abou
Yelp Inc. (NYSE:YELP), the company that connects people with great local businesses, today announced that management will present at the Goldman Sachs Communacopia & Technology Conference on September 10, 2024 at 6:05 p.m. Eastern Time. The live and archived webcasts of the presentation will be available on the company's investor relations website at www.yelp-ir.com. The archived webcast will remain available for 180 days after the conclusion of the live presentation. About Yelp Yelp Inc. (yelp.com) is a community-driven platform that connects people with great local businesses. Millions of people rely on Yelp for useful and trusted local business information, reviews and photos to he
Yelp Inc. (NYSE:YELP), the company that connects people with great local businesses, announced that it will release its financial results for the quarter ended June 30, 2024 after the market closes on Thursday, August 8, 2024. Yelp will issue a press release when its Shareholder Letter 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 second quarter results starting at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. The live and archived webcasts will be accessible from Yelp's investor relations website at the same web address as above. About Ye
Request a Quote for Brands, Yelp Guaranteed and more help multi-location services businesses generate and manage high-intent leads; Spotlight video ads, the expansion of Yelp Audiences for audio platforms, and a new conversion API strengthen Yelp's advertising offering for national advertisers Yelp Inc. (NYSE:YELP), the company that connects people with great local businesses, today announced its Summer Ad Product Release to deliver more value to services businesses and national advertisers with a series of new features and updates. The company rolled out features and updates for multi-location services businessess to help them seamlessly generate and manage high-intent leads, including R
Yelp Inc. (NYSE:YELP), the company that connects people with great local businesses, today announced that management will present at the Baird Global Consumer, Technology & Services Conference on June 4, 2024 at 3:45 p.m. Eastern Time. The live and archived webcasts of the presentation will be available on the company's investor relations website at www.yelp-ir.com. The archived webcast will remain available for 180 days after the conclusion of the live presentation. About Yelp Yelp Inc. (yelp.com) is a community-driven platform that connects people with great local businesses. Millions of people rely on Yelp for useful and trusted local business information, reviews and photos to hel
Yelp Inc. (NYSE:YELP), the leading platform for connecting people with great local businesses, released its annual Environmental, Social and Governance (ESG) Report today. The report details Yelp's continued work in creating an inclusive employee experience, its focus on providing value to businesses and consumers, and the company's progress towards reaching net zero by 2031. "This report reflects upon our progress towards reducing our environmental impact, strengthening workplace connections, and continuing to enhance consumer trust and safety on Yelp," said Jeremy Stoppelman, Yelp co-founder and CEO. "Building on our efforts to reduce our emissions, we are adopting a comprehensive strat
Yelp Inc. (NYSE:YELP), the company that connects people with great local businesses, today announced that management will present at the J.P. Morgan 52nd Annual Global Technology, Media and Communications Conference on May 22, 2024 at 8:00 a.m. Eastern Time. The live and archived webcasts of the presentation will be available on the company's investor relations website at www.yelp-ir.com. The archived webcast will remain available for 30 days after the conclusion of the live presentation. About Yelp Yelp Inc. (yelp.com) is a community-driven platform that connects people with great local businesses. Millions of people rely on Yelp for useful and trusted local business information, rev
Net Revenue increased by 7% year over year to $333 million Net Income increased from the prior year to $14 million, reflecting a 4% margin Adjusted EBITDA grew 19% year over year to $64 million Yelp Inc. (NYSE:YELP), the trusted platform that connects people with great local businesses, today announced its financial results for the first quarter ended March 31, 2024 in the Q1 2024 Shareholder Letter available on its Investor Relations website at yelp-ir.com. "In the first quarter, the strength and momentum in our services categories, particularly home services, offset a challenging environment for our restaurant, retail and other categories," said Jeremy Stoppelman, Yelp's co-founde
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Yelp Inc. (NYSE:YELP), the company that connects people with great local businesses, today announced the appointment of Dan Jedda, chief financial officer of Roku, Inc., to its Board of Directors, effective March 29, 2024. This appointment coincides with the departure of George Hu, who will be stepping down from the Yelp Board of Directors on the same date after dedicating over five years of service as a director and as a member of the Compensation Committee of the Board. Jedda's appointment comes at a time when Yelp continues to expand its product offerings and enhance its platform to better serve both businesses and consumers. "Dan brings a wealth of experience to the Yelp Board, havi
Former Chief Media Officer at Verizon and Chief Brand Officer at USAA Brings Extensive National and Local Advertising and Strategic Marketing Expertise to Board Nexstar Media Group, Inc. (NASDAQ:NXST) announced the appointment of Tony Wells, 59, to its Board of Directors effective today, July 26, 2023. Mr. Wells fills the open Board position that was created when Dennis Miller stepped down last October to assume the role of President of The CW Network LLC, a 75%-owned subsidiary of Nexstar. As a result of the recent declassification of the Board, Mr. Wells, and all directors, will stand for election at the 2024 annual meeting of stockholders. Mr. Wells is an independent director and will
Yelp Inc. (NYSE:YELP), the company that connects people with great local businesses, today announced the appointment of Chris Terrill, former chief executive officer of ANGI Homeservices (now Angi Inc.) and HomeAdvisor.com, to its Board of Directors, effective immediately. Terrill is a tenured internet executive who has a strong record of building highly successful businesses, including ANGI Homeservices, which grew to a multi-billion-dollar public company by the time of his departure. "Chris brings extensive experience in building online marketplaces that connect consumers with local service professionals," said Jeremy Stoppelman, Yelp's co-founder and chief executive officer. "His persp
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Yelp Inc. (NYSE:YELP), the company that connects people with great local businesses, announced that it will release its financial results for the quarter ended September 30, 2024 after the market closes on Thursday, November 7, 2024. Yelp will issue a press release when its Shareholder Letter 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. The live and archived webcasts will be accessible from Yelp's investor relations website at the same web address as above. Abou
Yelp Inc. (NYSE:YELP), the company that connects people with great local businesses, announced that it will release its financial results for the quarter ended June 30, 2024 after the market closes on Thursday, August 8, 2024. Yelp will issue a press release when its Shareholder Letter 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 second quarter results starting at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. The live and archived webcasts will be accessible from Yelp's investor relations website at the same web address as above. About Ye
Net Revenue increased by 7% year over year to $333 million Net Income increased from the prior year to $14 million, reflecting a 4% margin Adjusted EBITDA grew 19% year over year to $64 million Yelp Inc. (NYSE:YELP), the trusted platform that connects people with great local businesses, today announced its financial results for the first quarter ended March 31, 2024 in the Q1 2024 Shareholder Letter available on its Investor Relations website at yelp-ir.com. "In the first quarter, the strength and momentum in our services categories, particularly home services, offset a challenging environment for our restaurant, retail and other categories," said Jeremy Stoppelman, Yelp's co-founde
Yelp Inc. (NYSE:YELP), the company that connects people with great local businesses, announced that it will release its financial results for the quarter ended March 31, 2024 after the market closes on Thursday, May 9, 2024. Yelp will issue a press release when its Shareholder Letter 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 first quarter results starting at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. The live and archived webcasts will be accessible from Yelp's investor relations website at the same web address as above. About Yelp
Yelp Inc. (NYSE:YELP), the company that connects people with great local businesses, announced that it will release its financial results for the quarter and full year ended December 31, 2023 after the market closes on Thursday, February 15, 2024. Yelp will issue a press release when its Shareholder Letter 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 fourth quarter and full year results starting at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. The live and archived webcasts will be accessible from Yelp's investor relations website at the sa
Yelp Inc. (NYSE:YELP), the company that connects people with great local businesses, announced that it will release its financial results for the quarter ended September 30, 2023 after the market closes on Thursday, November 2, 2023. Yelp will issue a press release when its Shareholder Letter 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. The live and archived webcasts will be accessible from Yelp's investor relations website at the same web address as above. Ab
Second quarter Net Revenue increased by 13% year over year to a record $337 million Net Income increased by 84% year over year to a positive $15 million Adjusted EBITDA increased by 25% year over year to a record $84 million Yelp Inc. (NYSE:YELP), the company that connects people with great local businesses, today posted its financial results for the second quarter ended June 30, 2023 in the Q2 2023 Shareholder Letter available on its Investor Relations website at www.yelp-ir.com. "Yelp's record-breaking top-line second quarter results are a testament to our increased product velocity and consistent execution across the company," said Jeremy Stoppelman, Yelp's co-founder and chief e
Yelp Inc. (NYSE:YELP), the company that connects people with great local businesses, announced that it will release its financial results for the quarter ended June 30, 2023 after the market closes on Thursday, August 3, 2023. Yelp will issue a press release when its Shareholder Letter 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 second quarter results starting at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. The live and archived webcasts will be accessible from Yelp's investor relations website at the same web address as above. About Ye
First quarter Net Revenue increased by 13% year over year to a record $312 million Net Loss remained relatively consistent year over year at ($1) million Adjusted EBITDA increased by 12% year over year to $54 million Yelp Inc. (NYSE:YELP), the company that connects people with great local businesses, today posted its financial results for the first quarter ended March 31, 2023 in the Q1 2023 Shareholder Letter available on its Investor Relations website at www.yelp-ir.com. "Yelp's strong results mark the sixth straight quarter of record net revenue driven by our product-led strategy," said Jeremy Stoppelman, Yelp co-founder and chief executive officer. "We continued to generate robu
Yelp Inc. (NYSE:YELP), the company that connects people with great local businesses, announced that it will release its financial results for the quarter ended March 31, 2023 after the market closes on Thursday, May 4, 2023. Yelp will issue a press release when its Shareholder Letter 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 first quarter results starting at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. The live and archived webcasts will be accessible from Yelp's investor relations website at the same web address as above. About Yelp