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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Yelp ( YELP) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 0.1%. By the end of trading, Yelp rose $0.59 (1.1%) to $51.85 on average volume. Throughout the day, 2,691,512 shares of Yelp exchanged hands as compared to its average daily volume of 2,176,100 shares. The stock ranged in a price between $50.55-$51.99 after having opened the day at $51.29 as compared to the previous trading day's close of $51.26. Other companies within the Technology sector that increased today were: CSR ( CSRE), up 181.6%, Performance Technologies ( PTIX), up 71.7%, BOS Better Online Solutions ( BOSC), up 30.9% and Ubiquiti Networks ( UBNT), up 24.5%.

Yelp, Inc. operates Yelp.com, 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 has a market cap of $2.1 billion and is part of the internet industry. Shares are up 176.3% year to date as of the close of trading on Thursday. Currently there are 8 analysts that rate Yelp a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Yelp 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 company's profit margins have been poor overall.

On the negative front, Merge Healthcare ( MRGE), down 46.0%, NeoPhotonics ( NPTN), down 14.9%, Selectica ( SLTC), down 13.0% and Ascent Solar Technologies ( ASTI), down 11.5% , were all laggards within the technology sector with SK Telecom ( SKM) 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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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