Zacks Investment Research downgraded Yelp Inc (NYSE:YELP) to Hold in a report released today.
- Updated: October 12, 2016
Zacks Investment Research has downgraded Yelp Inc (NYSE:YELP) to Hold in a report released on Wednesday October 12, 2016.
Previously on 10/10/2016, Vetr Inc. reported on Yelp Inc (NYSE:YELP) increased the target price from $0.00 to $43.08. At the time, this indicated a possible upside of 0.06%.
Just yesterday Yelp Inc (NYSE:YELP) traded -0.99% lower at $39.46. Yelp Inc’s 50-day moving average is $39.15 and its 200-day moving average is $29.99. The last closing price is up 30.32% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 668,399 shares of YELP traded hands, down from an average trading volume of 2,334,490
Recent Performance Chart
Yelp Inc has 52 week low of $14.53 and a 52 week high of $43.36 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 28 brokers have issued a research note on the company. The average stock price target is $27.43 with two brokerages rating the company a strong buy, ten brokerages rating the company a buy, 22 firms rating the stock a hold, 4 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
General Information About Yelp Inc (NYSE:YELP)
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 engages directly with businesses, through reviews, phone calls and its Message the Business feature. Its platform also provides businesses of all sizes with a range of free and paid services that help them engage with consumers. 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. The Company has Yelp communities in Argentina, Australia, Austria, Belgium, Brazil, Canada, Switzerland, Taiwan, Turkey, the United Kingdom and the United States.
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