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Yelp Receives New Coverage from Analysts at JMP Securities (YELP)

JMP Securities began coverage on shares of Yelp (NASDAQ: YELP) in a research note issued to investors on Tuesday. The firm issued a market perform rating on the stock.

Shares of Yelp (NASDAQ: YELP) opened at 24.12 on Tuesday. Yelp has a 52 week low of $14.10 and a 52 week high of $31.96. The stock’s 50-day moving average is currently $22.57. The company’s market cap is $1.537 billion.

Several other analysts have also recently commented on the stock. Analysts at Wunderlich initiated coverage on shares of Yelp in a research note to investors on Wednesday, February 27th. They set a hold rating and a $22.00 price target on the stock. Separately, analysts at Cantor Fitzgerald raised their price target on shares of Yelp from $24.00 to $27.00 in a research note to investors on Thursday, February 7th. They now have a buy rating on the stock. Finally, analysts at Piper Jaffray reiterated a neutral rating on shares of Yelp in a research note to investors on Wednesday, January 16th. They now have a $26.00 price target on the stock.

One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company’s stock. Yelp has a consensus rating of Hold and an average price target of $23.62.

Yelp Inc. (NASDAQ: 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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