Yelp (YELP) plummets with revenue, sales forecast, downgrade

Yelp Inc YELP shares fell 21.2% to $40.42 after the company reported downbeat revenue for the first quarter and issued a weak sales forecast for the second quarter. Analysts at Bank of America downgraded Yelp from buy to neutral and lowered the price target from $65.00 to $55.00. Share volume was 1.2 million, compared to an all-day average of 523,000