Yext (NYSE:YEXT) Downgraded to Buy Rating by Wall Street Zen

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

A number of other research firms have also recently commented on YEXT. Zacks Research cut Yext from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Weiss Ratings reiterated a “sell (d)” rating on shares of Yext in a research note on Monday, December 8th. Finally, Needham & Company LLC reissued a “buy” rating and set a $10.00 target price on shares of Yext in a report 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $9.44.

Yext Price Performance

NYSE:YEXT opened at $8.32 on Friday. The stock has a market capitalization of $1.02 billion, a PE ratio of -830.67 and a beta of 0.91. Yext has a 1-year low of $5.51 and a 1-year high of $9.20. The firm has a fifty day simple moving average of $8.46 and a 200 day simple moving average of $8.41. The company has a current ratio of 1.09, a quick ratio of 1.05 and a debt-to-equity ratio of 0.63.

Yext (NYSE:YEXT) last announced its quarterly earnings results on Monday, December 8th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $112.00 million during the quarter, compared to analysts’ expectations of $113.07 million. Yext had a net margin of 5.89% and a return on equity of 18.57%. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.12 earnings per share. On average, research analysts expect that Yext will post -0.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Yext

Several hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue purchased a new stake in shares of Yext in the 3rd quarter worth approximately $48,000. Martingale Asset Management L P lifted its holdings in Yext by 16.4% during the first quarter. Martingale Asset Management L P now owns 14,209 shares of the company’s stock worth $88,000 after buying an additional 2,002 shares during the period. Ieq Capital LLC bought a new stake in Yext during the 1st quarter valued at $90,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of Yext in the 3rd quarter valued at $90,000. Finally, CIBC Bancorp USA Inc. purchased a new position in shares of Yext in the 3rd quarter valued at $92,000. Institutional investors own 70.98% of the company’s stock.

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.