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 0.4%. By the end of trading, Yelp rose $0.93 (1.5%) to $63.79 on light volume. Throughout the day, 1,883,226 shares of Yelp exchanged hands as compared to its average daily volume of 3,647,100 shares. The stock ranged in a price between $62.25-$64.19 after having opened the day at $63.16 as compared to the previous trading day's close of $62.86. Other companies within the Technology sector that increased today were: eOn Communications Corporation ( EONC), up 27.7%, DragonWave ( DRWI), up 16.5%, Crossroads Systems ( CRDS), up 15.9% and Barracuda Networks ( CUDA), up 9.9%.
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 $3.6 billion and is part of the internet industry. Shares are up 232.2% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate Yelp a buy, no analysts rate it a sell, and 10 rate it a hold. TheStreet Ratings rates Yelp as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income and feeble growth in its earnings per share.