Yext (NYSE:YEXT) Lowered to Hold Rating by Wall Street Zen

Yext (NYSE:YEXT) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Several other research analysts also recently commented on YEXT. DA Davidson reduced their target price on Yext from $8.25 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, February 4th. Weiss Ratings lowered Yext from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Yext presently has a consensus rating of “Hold” and an average target price of $8.88.

Yext Stock Up 4.5%

YEXT opened at $5.58 on Friday. The firm’s 50-day simple moving average is $7.44 and its 200-day simple moving average is $8.15. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.09 and a current ratio of 1.09. Yext has a twelve month low of $4.66 and a twelve month high of $9.20. The firm has a market cap of $686.20 million, a price-to-earnings ratio of -557.64 and a beta of 0.98.

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

Institutional Investors Weigh In On Yext

Hedge funds and other institutional investors have recently made changes to their positions in the company. Clearstead Advisors LLC lifted its stake in shares of Yext by 147.1% during the fourth quarter. Clearstead Advisors LLC now owns 4,677 shares of the company’s stock valued at $38,000 after acquiring an additional 2,784 shares during the period. State of Alaska Department of Revenue acquired a new position in Yext during the 3rd quarter valued at about $48,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Yext in the 3rd quarter valued at about $90,000. MQS Management LLC acquired a new stake in shares of Yext during the 4th quarter worth approximately $86,000. Finally, CIBC Bancorp USA Inc. bought a new stake in shares of Yext during the third quarter worth approximately $92,000. 70.98% of the stock is owned by institutional investors and hedge funds.

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.