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Yelp PT Raised to $70.00 (YELP)

Yelp (NASDAQ:YELP) had its target price boosted by UBS AG from $42.00 to $70.00 in a report issued on Thursday, AnalystRatingsNetwork reports. They currently have a neutral rating on the stock.

YELP has been the subject of a number of other recent research reports. Analysts at Barclays Capital initiated coverage on shares of Yelp (NASDAQ:YELP) in a research note to investors on Friday, September 6th. They set an overweight rating on the stock. Separately, analysts at Deutsche Bank initiated coverage on shares of Yelp (NASDAQ:YELP) in a research note to investors on Friday, September 6th. They set a buy rating and a $81.00 price target on the stock. Finally, analysts at MKM Partners raised their price target on shares of Yelp (NASDAQ:YELP) from $55.00 to $71.00 in a research note to investors on Monday, August 5th. They now have a buy rating on the stock.

Twelve analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Yelp has an average rating of Buy and a consensus target price of $48.15.

Yelp (NASDAQ:YELP) traded up 1.74% during mid-day trading on Thursday, hitting $64.0048. The stock had a trading volume of 518,447 shares. Yelp has a 52 week low of $16.32 and a 52 week high of $66.24. The stock has a 50-day moving average of $52.81 and a 200-day moving average of $35.11. The company’s market cap is $4.174 billion. Yelp also was the recipient of unusually large options trading activity on Friday. Stock investors bought 8,447 put options on the company. This represents an increase of approximately 135% compared to the average volume of 3,596 put options.

In other Yelp news, SVP Joseph R. Nachman unloaded 9,380 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $63.02, for a total value of $591,127.60. The sale was disclosed in a filing with the Securities Exchange Commission, which is available at this link.

Yelp Inc connects people with great local businesses. Its users have contributed a total of approximately 36.

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Mystic Maggie

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