Yelp (YELP) Down 3% in Early Trade

Yelp, Inc. (YELP) shares are currently pushing lower as an upcoming documentary being done through Kickstarter seems to have negatively impacted the name. It’s hard to tell whether this is exactly what’s driving the decline in stock’s PPS given that there may be other variables at play. In any event, the stock began trading this morning at $46.67 to currently trade 3.70% lower from the prior days close of $46.82. On an intraday basis it has gotten as low as $45.17 and as high as $47.24. Approximately 2.7 million shares have already changed hands, compared to the average volume of 3 million.

On valuation measures, YELP has a PEG and forward P/E ratio of 5.44 and 84.17, respectively. Price/Sales for the same period is 9.24 while EPS is $0.48. Currently there are 25 analysts that rate YELP a ‘Buy’, 10 rate it a ‘Hold’. 1 analyst rates it a ‘Sell’. Ticker has a median Wall Street price target of $68.00 with a high target of $90.00.

YELP shares have declined 2.84% in the last 4 weeks and 12.09% in the past three months. Over the past 5 trading sessions the stock has gained 2.38%.

The San Francisco, California-based local business review site is currently valued at $3.41 billion. The name is down 48.04% year-over-year and 14.45% year-to-date.

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