Vetr Top Raters Downgrade Yelp, 55% Bearish

Even in spite of the rebound seen in late February and early March, shares of Yelp Inc YELP have lost more than 28 percent year-to-date, and analysts have argued that there is no recuperation in sight.

On Thursday top raters at the Vetr community decided to downgrade their rating on the stock from 2.0 Stars to 1.5 Stars -- out of a possible 5.0 Star rating.

Related link: Here's How Crowdsourced Ratings Can Beat The Market

Investors should notice that 55 percent of the crowd's ratings are bearish. Moreover, the crowd’s average price target of $18.05 implies a potential downside of roughly 12.5 percent from current valuations.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.