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

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 lower today making it today's featured Technology laggard. The sector as a whole closed the day down 0.3%. By the end of trading, Yelp fell $4.22 (-6.0%) to $65.80 on heavy volume. Throughout the day, 6,067,840 shares of Yelp exchanged hands as compared to its average daily volume of 3,065,400 shares. The stock ranged in price between $63.50-$69.47 after having opened the day at $69.13 as compared to the previous trading day's close of $70.02. Other companies within the Technology sector that declined today were: LookSmart ( LOOK), down 17.8%, Glowpoint ( GLOW), down 13.8%, Smith Micro Software ( SMSI), down 13.3% and Daqo New Energy ( DQ), down 10.7%.

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 $2.8 billion and is part of the internet industry. Shares are up 274.5% year to date as of the close of trading on Friday. Currently there are 9 analysts that rate Yelp a buy, no analysts rate it a sell, and 10 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 positive front, Sungame ( SGMZ), up 57.5%, Pointer Telocation ( PNTR), up 14.0%, Mad Catz Interactive ( MCZ), up 11.2% and Xyratex ( XRTX), up 8.8% , were all gainers within the technology sector with BlackBerry ( BBRY) being today's featured technology sector leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

null

More from Markets

Lowe's Snags Ex-Home Depot Exec as CEO; ISPs Face Competitive Threat -- ICYMI

Lowe's Snags Ex-Home Depot Exec as CEO; ISPs Face Competitive Threat -- ICYMI

Dow Slips 178 Points; S&P 500 and Nasdaq Also Decline

Dow Slips 178 Points; S&P 500 and Nasdaq Also Decline

Legal Weed Sales in California Are Off to a Less Than Smokin' Start

Legal Weed Sales in California Are Off to a Less Than Smokin' Start

Owner of Moviepass Sees Stock Plummet

Owner of Moviepass Sees Stock Plummet

Ford, GM Gain as China Slashes Auto Import Tariffs

Ford, GM Gain as China Slashes Auto Import Tariffs