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Yelp Coverage Initiated by Analysts at CRT Capital (YELP)

Investment analysts at CRT Capital assumed coverage on shares of Yelp (NASDAQ:YELP) in a note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm set a “fair value” rating on the stock.

Yelp (NASDAQ:YELP) opened at 69.09 on Thursday. Yelp has a 52-week low of $16.32 and a 52-week high of $69.77. The stock’s 50-day moving average is $54. and its 200-day moving average is $36.15. The company’s market cap is $4.506 billion.

Yelp (NASDAQ:YELP) last posted its quarterly earnings results on Wednesday, July 31st. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.03. The company had revenue of $55.02 million for the quarter, compared to the consensus estimate of $53.28 million. During the same quarter in the previous year, the company posted ($0.03) earnings per share. The company’s revenue for the quarter was up 68.3% on a year-over-year basis. On average, analysts predict that Yelp will post $-0.11 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Needham Company raised their price target on shares of Yelp (NASDAQ:YELP) from $52.00 to $78.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at UBS AG raised their price target on shares of Yelp (NASDAQ:YELP) from $42.00 to $70.00 in a research note to investors on Thursday, September 12th. They now have a “neutral” rating on the stock. Finally, analysts at Barclays Capital initiated coverage on shares of Yelp (NASDAQ:YELP) in a research note to investors on Friday, September 6th. They set an “overweight” rating on the stock.

Thirteen analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Yelp currently has a consensus rating of “Buy” and a consensus target price of $49.59.

In other Yelp news, SVP Joseph R. Nachman unloaded 9,380 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $63.02, for a total transaction of $591,127.60. The sale was disclosed in a filing with the Securities Exchange Commission, which can be accessed through this link.

Yelp Inc connects people with great local businesses. Its users have contributed a total of approximately 36.

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Mystic Maggie

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