Yelp Inc Class A (YELP): Today's Featured Technology Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Yelp Inc Class A ( YELP) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 1.2%. By the end of trading, Yelp Inc Class A rose $0.74 (2.7%) to $28.20 on average volume. Throughout the day, 1,073,815 shares of Yelp Inc Class A exchanged hands as compared to its average daily volume of 1,413,800 shares. The stock ranged in a price between $27.20-$28.88 after having opened the day at $27.40 as compared to the previous trading day's close of $27.46. Other companies within the Technology sector that increased today were: ChinaNet Online Holdings ( CNET), up 15.2%, Netlist ( NLST), up 11.2%, FAB Universal ( FU), up 6.9% and Juniper Networks ( JNPR), up 6.6%.
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Yelp, Inc. operates, an online urban city guide that helps people find places to eat, shop, drink, relax, and play based on the informed opinions of a community of locals in the know. Yelp Inc Class A has a market cap of $875.9 million and is part of the internet industry. Shares are up 45.7% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Yelp Inc Class A a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Yelp Inc Class A as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good.

On the negative front, Renewable Energy Trade Board ( EBOD), down 37.5%, Authentidate Holding Corporation ( ADAT), down 14.7%, ChyronHego ( CHYR), down 12.6% and Cimatron ( CIMT), down 11.1% , were all laggards within the technology sector with Automatic Data Processing ( ADP) being today's technology sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

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