Yelp (NYSE:YELP) : The consensus price target for Yelp (NYSE:YELP) is $26.56 for the short term with a standard deviation of $7.25. The most optimist securities analyst among the 18 who monitor the stock believes that the stock can reach $41, however, the pessimist price target for the company is $15.
Shares of Yelp Inc. rose by 2.12% in the last five trading days and 15.92% for the last 4 weeks. Yelp Inc. is up 55.29% in the last 3-month period. Year-to-Date the stock performance stands at 5.42%. Also, Brokerage firm Deutsche Bank upgrades its rating on Yelp (NYSE:YELP). As per the latest information, the brokerage house raises the price target to $33 per share from a prior target of $26. The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on June 20, 2016.
Yelp (NYSE:YELP) has an average broker rating of 2.73, which is interpreted as a Hold, as rated by 26 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 16 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.
Yelp (NYSE:YELP): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $29.69 and $29.23 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.54. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.36, notching a gain of 3.97% for the day. The total traded volume was 5,233,325 . The stock had closed at $29.20 on the previous day.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (Chief Operating Officer) of Yelp Inc, Donaker Geoffrey L had sold 6,000 shares worth of $170,880 in a transaction dated June 22, 2016. In this transaction, 6,000 shares were sold at $28.48 per share.
Yelp Inc. (Yelp) connects people with local businesses by bringing word of mouth online and providing a platform for businesses and consumers to engage and transact. The Company provides local business review sites. Yelp provides a platform for consumers to share their everyday local business experiences, through reviews, tips, photos and videos, and engage directly with businesses, through reviews and its Message the Business feature. The Company has a range of communities of contributors across the world that contributes the content on its platform. These contributors provide firsthand information about local businesses in the form of reviews and ratings, tips, photos and videos. In addition to the business listing and advertising products, the Company also offers a range of features and consumer-interactive tools to facilitate transactions between consumers and the local businesses they find on Yelp.