Price Target Update on Yelp (NYSE:YELP)

Yelp (NYSE:YELP) : The consensus price target for Yelp (NYSE:YELP) is $26.06 for the short term with a standard deviation of $7.02. 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.

Other Equity analysts have also commented on the company shares. Maxim Group initiates coverage on Yelp (NYSE:YELP) The current rating of the shares is Buy. Equity Analysts at the Firm announces the price target to $41 per share. The rating by the firm was issued on June 3, 2016.

Yelp (NYSE:YELP): stock turned positive on Thursday. Though the stock opened at $28.84, the bulls momentum made the stock top out at $29.76 level for the day. The stock recorded a low of $28.67 and closed the trading day at $29.73, in the green by 5.05%. The total traded volume for the day was 2,008,948. The stock had closed at $28.3 in the previous days trading.

The company shares have dropped -36.94% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $45.85 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $26.03 and the 200 Day Moving Average price is recorded at $22.98. On the companys insider trading activities, Donaker Geoffrey L, director officer (Chief Operating Officer) of Yelp Inc, unloaded 6,000 shares at an average price of $27.11 on June 8, 2016. The total amount of the transaction was worth $162,660, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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.

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