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 Internet industry higher today making it today's featured internet winner. The industry as a whole closed the day up 0.9%. By the end of trading, Yelp rose $5.96 (8.2%) to $78.62 on heavy volume. Throughout the day, 5,528,715 shares of Yelp exchanged hands as compared to its average daily volume of 3,168,100 shares. The stock ranged in a price between $74.11-$79.89 after having opened the day at $74.11 as compared to the previous trading day's close of $72.66. Other companies within the Internet industry that increased today were: ChinaCache International Holdings ( CCIH), up 19.4%, MeetMe ( MEET), up 15.6%, Bitauto Holdings ( BITA), up 14.8% and Montage Technology Group ( MONT), up 13.6%.
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 $4.2 billion and is part of the technology sector. Shares are down 1.5% year to date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Yelp a buy, no analysts rate it a sell, and 11 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.