- Citron Research on Twitter: "$YELP seems a bit overdone. Citron long $YELP vs a core short position in $Z Stocks should meet somewhere in the middle in the next 12 mos."
- The remarks come 5 days after YELP lost over a quarter of its value post-earnings, with 7 firms downgrading the local reviews leader on account of its soft guidance and decision to pull out of the brand ad market.
- Previously: Citron predicts Zillow will fall below $40
- Update (12:50PM ET): Yelp has given back its gains. Shares are now down 0.8%.