Yelp Inc (YELP) is Initiated by Maxim Group to Buy, Price Target at $41

Yelp Inc (YELP) was Initiated by Maxim Group to “Buy” and the brokerage firm has set the Price Target at $41. Maxim Group advised their investors in a research report released on Jun 3, 2016.

Many Wall Street Analysts have commented on Yelp Inc. Company shares were Reiterated by MKM Partners on May 6, 2016 to “Neutral”, Firm has raised the Price Target to $ 24 from a previous price target of $19 .Company shares were Reiterated by RBC Capital Mkts on May 6, 2016 to “Outperform”, Firm has raised the Price Target to $ 36 from a previous price target of $33 .Company shares were Reiterated by Mizuho on May 6, 2016 to “Neutral”, Firm has raised the Price Target to $ 24 from a previous price target of $20 .

On the company’s financial health, Yelp Inc reported $0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.03. The company had revenue of $158.60 million for the quarter, compared to analysts expectations of $155.53 million. The company’s revenue was up 33.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.

Yelp Inc (YELP) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $26.02 and reached the intraday high at $26.28. The bulls started the profit booking and pushed the shares to intraday low of $25.46. The trading session was marked by a volume range of 13,53,388 shares exchanging hands. The 52-week high of the shares is $48.8999 and the 52-week low is $14.53. The market cap of the company stands at $2,003 M and there are 7,64,76,020 shares in public circulation.

In a different news, on May 27, 2016, Geoffrey L Donaker (Chief Operating Officer) sold 6,000 shares at $25.32 per share price. According to the SEC, on May 25, 2016, Laurence Wilson (SVP, Legal & User Operations) sold 2,081 shares at $24.84 per share price. On May 25, 2016, Joseph R Nachman (Chief Revenue Officer) sold 2,504 shares at $24.84 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Yelp Inc

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