Yext (NYSE:YEXT) Upgraded to “Strong-Buy” at Wall Street Zen

Yext (NYSE:YEXT) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday.

A number of other research analysts have also recently commented on the company. Zacks Research cut Yext from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Yext in a research report on Monday, November 24th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $10.00 price target on shares of Yext in a research note on Monday, August 18th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $9.44.

Yext Stock Up 0.3%

NYSE YEXT opened at $8.90 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.64. The business’s fifty day simple moving average is $8.46 and its 200-day simple moving average is $8.33. Yext has a 52 week low of $5.51 and a 52 week high of $9.20. The firm has a market cap of $1.10 billion, a PE ratio of -74.12 and a beta of 0.91.

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

Institutional Trading of Yext

Institutional investors have recently modified their holdings of the business. Lynrock Lake LP lifted its position in shares of Yext by 9.5% during the 1st quarter. Lynrock Lake LP now owns 11,680,363 shares of the company’s stock valued at $71,951,000 after acquiring an additional 1,009,285 shares during the period. The Manufacturers Life Insurance Company boosted its position in Yext by 7.1% during the second quarter. The Manufacturers Life Insurance Company now owns 5,595,447 shares of the company’s stock worth $47,561,000 after purchasing an additional 371,253 shares in the last quarter. The Manufacturers Life Insurance Company grew 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 purchasing an additional 614,960 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Yext by 10.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,808,257 shares of the company’s stock valued at $15,406,000 after purchasing an additional 178,338 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Yext by 8.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,354,835 shares of the company’s stock valued at $11,543,000 after buying an additional 106,197 shares in the last quarter. 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.