Yelp

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Analysts Give Yelp a Lukewarm Review

Tricia Duryee in Commerce on April 11 at 4:20 pm PT

Now that Yelp’s quiet period has expired, analysts have started to issue their first report cards. The results are unanimous: Out of four reports issued by Jefferies, Citi, Goldman Sachs and Oppenheimer, there are zero buy recommendations, Forbes writes. But that’s because the company’s stock price, which has soared 72 percent since last month’s IPO, hovers near or above all of the analysts’ price targets. Today, the stock fell 38 cents, or 1.5 percent, to close at $25.43 a share.

News Byte

Tello Raises $2.7M to Help Businesses Get Mobile Feedback

Liz Gannes in News on February 28 at 9:00 pm PT

Tello, which helps businesses solicit feedback through iOS and Android apps and text messages rather than just waiting for it to pop up on Twitter or Yelp, has raised $2.7 million in Series A funding from True Ventures and Bullpen Capital. Katie reviewed the consumer version of the Tello product last year. Google bought a similar start-up called Talkbin last year.