Yelp Stock Surges After Earnings Beat

The stock has been rebounding from its late-January lows

Deputy Editor
Feb 11, 2022 at 9:46 AM
facebook twitter linkedin

Yelp Inc (NYSE:YELP) stock is staging a jump today after the company's fourth-quarter earnings report. The review giant reported earnings of 30 cents per share, which is higher than the 14 cents anticipated by analysts, as well as better-than-expected revenue and an upbeat forecast. At last check, YELP is up 6.4% to trade at $36.73. 

The stock is brushing off a price-target from Credit Suisse to $49 from $51. However, there is plenty of room for upgrades for a stock that has just reclaimed its year-to-date breakeven level. Of the nine analysts in coverage, only one carries a "strong buy," with eight a "hold" or worse. 

On Jan. 24, YELP fell to a 1-year low of $31.60. Now, this positive price action has the shares breaking above pressure at its 50-day moving average, as well as the aforementioned year-to-date breakeven. 

Meanwhile, sentiment in the stock's options pits is nearing a bearish climax. YELP's 10-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) put/call volume ratio of 1.16 sits just seven percentage points away from an annual peak. 

premium-selling strategy could be the play for YELP. The equity ranks low on the Schaeffer's Volatility Scorecard (SVS), with a score of just 4 out of 100. In other words, the security has consistently realized lower volatility than its options have priced in.


Now is the time to join our thriving community of Event Traders who consistently profit from every earnings season. With this discounted subscription opportunity, you'll stay ahead of the curve and seize opportunities others miss. Do not let Q3 earnings season pass you by – subscribe now and supercharge your portfolio with expert insights that turn market reactions into profit-generating opportunities!! Don't waste another second... join us right now before the next trade targeting +200% is released!