Yext (NYSE:YEXT) Raised to “Buy” at Wall Street Zen

Yext (NYSE:YEXT) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Sunday.

Separately, Weiss Ratings lowered Yext from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $9.44.

Yext Price Performance

YEXT opened at $7.62 on Friday. Yext has a twelve month low of $5.51 and a twelve month high of $9.20. The firm has a market cap of $934.44 million, a price-to-earnings ratio of -761.24 and a beta of 0.96. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.63. The company has a fifty day simple moving average of $8.29 and a 200 day simple moving average of $8.41.

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

Hedge Funds Weigh In On Yext

Hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue bought a new stake in shares of Yext in the 3rd quarter worth approximately $48,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of Yext during the third quarter valued at $90,000. CIBC Bancorp USA Inc. acquired a new position in Yext during the third quarter valued at $92,000. 111 Capital acquired a new stake in Yext during the 2nd quarter worth about $100,000. Finally, Creative Planning purchased a new position in Yext during the 2nd quarter valued at about $109,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Yext Company Profile

Yext, Inc is a software-as-a-service company that provides a platform for digital knowledge management. Its core offering enables businesses to centrally manage and synchronize public-facing information—such as location details, product descriptions and service offerings—across a network of search engines, mapping services, voice assistants and third-party directories.

The Yext platform is built around a proprietary Knowledge Graph, which stores and structures data to ensure consistency and accuracy.