Raymond James Analysts Begin Coverage on Yelp (YELP)

By admin | 6 years ago

Investment analysts at Raymond James (NYSE: RJF) began coverage on shares of Yelp (NASDAQ: YELP) in a note issued to investors on Friday. The firm set a “market perform” rating on the stock.

Shares of Yelp traded up 2.09% during mid-day trading on Friday, hitting $19.03. Yelp has a 52 week low of $19.36 and a 52 week high of $31.96. The company’s market cap is $1.163 billion.

Yelp last announced its earnings results on Wednesday, May 2nd. The company reported ($0.31) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.30) by $0.01. Yelp’s revenue was up 66.1% compared to the same quarter last year. On average, analysts predict that Yelp will post $-0.03 earnings per share next quarter.

A number of other analysts have also recently weighed in on YELP. Analysts at Jefferies Group (NYSE: JEF) initiated coverage on shares of Yelp in a research note to investors on Wednesday, April 11st. They set a “hold” rating and a $23.00 price target on the stock. Separately, analysts at Goldman Sachs (NYSE: GS) initiated coverage on shares of Yelp in a research note to investors on Wednesday, April 11st. They set a “neutral” rating and a $26.00 price target on the stock. Finally, analysts at Citigroup (NYSE: C) initiated coverage on shares of Yelp in a research note to investors on Wednesday, April 11st. They set a “neutral” rating and a $28.00 price target on the stock.

Yelp Inc. (Yelp), formerly Yelp! Inc., connects people with local businesses. Its users contribute reviews of every type of local business, from restaurants, boutiques and salons to dentists, mechanics and plumbers.

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