Vetr Crowd Downgrades Yelp To Bear Territory

The Vetr crowd turned bearish on Yelp Inc (NYSE: YELP) as the stock's rating was downgraded to 2.5-stars out of a possible 5-stars and implies a ‘Sell' recommendation.

Shares of Yelp have fallen to $27.93 since the prior rating of 3.0-stars was issued just two days ago.

Despite a downgrade, 55 percent of the crowd's ratings are bullish. However, the crowd-sourced price target of $26.02 implies a downside of more than 7 percent.

Chelsea Ursaner, a member of the Vetr crowd, pointed out that Yelp's platform appears "outdated" and "not fun." The crowd member added that Yelp's move into online food ordering comes out a time when its competitors are "much better."