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RBC Capital Reiterates Outperform as Yelp (YELP) Announces New CFO

April 20, 2016 11:31 AM EDT
Get Alerts YELP Hot Sheet
Price: $39.65 +1.41%

Rating Summary:
    18 Buy, 23 Hold, 4 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
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RBC Capital reiterated an Outperform rating and $33.00 price target on Yelp (NYSE: YELP) following the company's announcement that Mr. Lanny Baker has been appointed as the new CFO. Mr. Baker most recently served as CEO and President of ZipRealty. Mr. Baker has also served in the CFO role for ZipRealty, as well as Monster Worldwide.

Analyst Mark Mahaney commented, "YELP has named Lanny Baker as its new CFO, effective May 9th. We view the appointment positively, given that Mr. Baker is an industry veteran with extensive, highly relevant CFO experience."

For an analyst ratings summary and ratings history on Yelp click here. For more ratings news on Yelp click here.

Shares of Yelp closed at $20.78 yesterday.



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RBC Capital, Mark Mahaney