Yelp (YELP) : 7 brokerage houses believe that Yelp (YELP) is a Strong Buy at current levels. 3 Analyst considers the fundamentals to be worthy of a Buy recommendation. 13 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Yelp (YELP). Zacks Investment Research suggests a Hold with a rank of 3. 3 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 26 Wall Street Analysts endorse the stock as a Hold with a rating of 2.58.
Yelp (YELP) stock is expected to deviate a maximum of $7.43 from the average target price of $28.29 for the short term period. 19 Street Experts have initiated coverage on the stock with the most promising target being $41 and the most muted being $17.
Company shares have received an average consensus rating of Hold for the current week Yelp (NYSE:YELP): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $36.95 and $36.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $37.52. The buying momentum continued till the end and the stock did not give up its gains. It closed at $37.07, notching a gain of 0.65% for the day. The total traded volume was 4,151,708 . The stock had closed at $36.83 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Donaker Geoffrey L, director officer (Chief Operating Officer) of Yelp Inc, had unloaded 6,000 shares at an average price of $31.35 in a transaction dated on August 3, 2016. The total value of the transaction was worth $188,100.
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.