Yext Inc. (YEXT) Lowered to Sell at Zacks Investment Research
Yext Inc. (NYSE:YEXT) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.
According to Zacks, “Yext, Inc. provides digital media technology services. It offers advertising, monetization, phone and directory services which includes business listings on search sites and real-time reputation management. The Company provides Yext Knowledge Engine. It serves healthcare and pharmaceuticals, retail, financial services, manufacturing and technology industries. Yext, Inc. is based in New York. “
A number of other research firms also recently commented on YEXT. BidaskClub raised shares of Yext from a “sell” rating to a “hold” rating in a report on Thursday, September 7th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $17.00 target price on shares of Yext in a research note on Saturday, June 3rd. Royal Bank Of Canada reiterated a “buy” rating and issued a $18.00 target price on shares of Yext in a research note on Friday, June 2nd. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $15.00 target price (up from $14.00) on shares of Yext in a research note on Saturday, June 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Yext currently has an average rating of “Hold” and an average target price of $16.25.
Yext (YEXT) traded up 0.23% during mid-day trading on Tuesday, reaching $13.29. 19,102 shares of the company traded hands. The stock’s market capitalization is $1.20 billion. Yext has a 52-week low of $12.05 and a 52-week high of $15.11. The firm’s 50-day moving average is $13.19 and its 200 day moving average is $13.38.
Yext (NYSE:YEXT) last released its quarterly earnings data on Wednesday, September 6th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.04). The business had revenue of $40.77 million for the quarter, compared to analysts’ expectations of $40.30 million. Yext’s revenue for the quarter was up 37.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.22) earnings per share. On average, equities research analysts expect that Yext will post ($0.51) earnings per share for the current year.
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A number of hedge funds have recently bought and sold shares of YEXT. Power Corp of Canada bought a new stake in Yext in the second quarter valued at $20,889,000. Spark Investment Management LLC bought a new stake in Yext in the second quarter valued at $1,530,000. Kornitzer Capital Management Inc. KS bought a new stake in Yext in the second quarter valued at $280,000. Emerald Mutual Fund Advisers Trust bought a new stake in Yext in the second quarter valued at $400,000. Finally, TD Asset Management Inc. bought a new stake in Yext in the second quarter valued at $933,000. Institutional investors own 29.18% of the company’s stock.
Yext Inc is a knowledge engine provider. Yext puts business on the map. The Yext Knowledge Engine enables companies to manage their digital knowledge in the cloud and sync it to over 100 services in the PowerListings Network, including Apple Maps, Bing, Cortana, Facebook, Google, Google Maps, Instagram, Siri and Yelp.
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