Analyst Rating Update on Yelp (YELP)

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) : Currently there are 18 street experts covering Yelp (NYSE:YELP) stock. The most bullish and bearish price target for the stock is $41 and $15 respectively for the short term. The average price target of all the analysts comes to $26.56. The estimated standard deviation from the target is $7.25.

Company shares have received an average consensus rating of Hold for the current week 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): stock turned positive on Tuesday. Though the stock opened at $27.16, the bulls momentum made the stock top out at $28.08 level for the day. The stock recorded a low of $27.16 and closed the trading day at $27.87, in the green by 4.66%. The total traded volume for the day was 2,207,300. The stock had closed at $26.63 in the previous days trading.

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.

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