Wall Street Zen Downgrades Yext (NYSE:YEXT) to Buy

Yext (NYSE:YEXT) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Several other research firms have also recently issued reports on YEXT. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Yext in a research report on Monday. Needham & Company LLC restated a “buy” rating and issued a $10.00 price target on shares of Yext in a research note on Monday, August 18th. Finally, Zacks Research downgraded Yext from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $9.44.

Yext Stock Down 0.1%

NYSE:YEXT opened at $8.42 on Friday. The firm has a market cap of $1.04 billion, a P/E ratio of -70.16 and a beta of 0.96. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.05. Yext has a fifty-two week low of $5.51 and a fifty-two week high of $9.20. The firm has a 50-day simple moving average of $8.46 and a two-hundred day simple moving average of $8.27.

Yext (NYSE:YEXT) last issued its earnings results on Monday, September 8th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.09). Yext had a return on equity of 4.90% and a net margin of 1.66%.The firm had revenue of $113.09 million during the quarter, compared to the consensus estimate of $111.24 million. During the same quarter in the prior year, the company posted $0.05 EPS. The company’s quarterly revenue was up 15.5% on a year-over-year basis. Analysts predict that Yext will post -0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Yext

A number of hedge funds have recently added to or reduced their stakes in YEXT. The Manufacturers Life Insurance Company lifted its holdings in Yext by 13.3% in the first quarter. The Manufacturers Life Insurance Company now owns 5,224,194 shares of the company’s stock valued at $32,181,000 after acquiring an additional 614,960 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Yext by 21.8% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,034,100 shares of the company’s stock valued at $6,370,000 after purchasing an additional 185,116 shares during the period. Victory Capital Management Inc. increased its position in shares of Yext by 88.2% during the 1st quarter. Victory Capital Management Inc. now owns 129,163 shares of the company’s stock valued at $796,000 after purchasing an additional 60,544 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Yext during the 1st quarter valued at about $794,000. Finally, XTX Topco Ltd lifted its stake in shares of Yext by 74.1% in the 1st quarter. XTX Topco Ltd now owns 118,787 shares of the company’s stock worth $732,000 after purchasing an additional 50,577 shares during the period. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Yext Company Profile

Yext, Inc organizes business facts to provide answers to consumer questions in North America and internationally. It operates Yext platform, a cloud-based platform that allows its customers to offer answers to consumer questions, to control the facts about their businesses and the content of their landing pages, and to manage their consumer reviews; and provides customers to update their information and content through its publisher network of maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks, as well as professional services.