GigOptix Inc (NYSE:GIG) Receives Consensus Recommendation of “Buy” from Analysts


has earned a consensus recommendation of “Buy” from the nine ratings firms that are covering the stock, reports. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $4.03.

GIG has been the subject of a number of recent research reports. Roth Capital restated a “buy” rating on shares of GigOptix in a research note on Thursday, February 4th. Barrington Research increased their price objective on shares of GigOptix from $2.80 to $4.00 and gave the company an “outperform” rating in a research note on Tuesday, January 5th. Sterne Agee CRT assumed coverage on shares of GigOptix in a research report on Friday, December 4th. They set a “buy” rating and a $4.25 target price for the company. Zacks Investment Research cut shares of GigOptix from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 22nd. Finally, Northland Securities reiterated an “outperform” rating and set a $3.80 target price (up previously from $3.00) on shares of GigOptix in a research report on Tuesday, December 15th.

Shares of GigOptix (NYSE:GIG) traded down 4.08% during mid-day trading on Tuesday, hitting $2.35. 263,458 shares of the stock were exchanged. The company’s 50-day moving average is $2.66 and its 200-day moving average is $2.40. The firm has a market cap of $104.14 million and a price-to-earnings ratio of 78.33. GigOptix has a 1-year low of $1.13 and a 1-year high of $3.42.


Analysts are losing hope for Yelp


Deutsche Bank analysts hit Yelp with a biting downgrade, reducing their price target from from $56 to $31 because of “deteriorating fundamentals” at the company.

The trouble, according to the analysts, comes primarily from Yelp’s local advertising woes. The salesforce at Yelp has been been growing while the number of local advertising accounts has been falling. And the lack of local advertising accounts has real consequences for consumers — you end up not getting ads that are useful to you.