In a report released yesterday, Benjamin Black CFA from Evercore ISI upgraded Yelp (YELP – Research Report) to Buy, with a price target of $37.00. The company’s shares closed last Wednesday at $28.90.
According to TipRanks.com, CFA is ranked #3281 out of 7073 analysts.
Yelp has an analyst consensus of Hold, with a price target consensus of $27.50, implying a -7.0% downside from current levels. In a report issued on November 6, Credit Suisse also maintained a Buy rating on the stock with a $35.00 price target.
The company has a one-year high of $37.49 and a one-year low of $12.89. Currently, Yelp has an average volume of 1.15M.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of YELP in relation to earlier this year. Most recently, in September 2020, Diane Irvine, a Director at YELP bought 25,000 shares for a total of $285,000.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Yelp, Inc. hosts an online database of user-generated reviews of local businesses. It provides reviews on local businesses, which include restaurants, boutiques and salons, dentists, mechanics and plumbers. The firm offers multiple free and paid advertising solutions to engage with consumers, including free online business accounts, search advertising and Yelp Deals. The company was founded by Jeremy Stoppelman and Russell Simmons in July 2004 and is headquartered in San Francisco, CA.