Yext (NYSE:YEXT) Cut to “Hold” at Zacks Research

Zacks Research cut shares of Yext (NYSE:YEXT) from a strong-buy rating to a hold rating in a report issued on Thursday morning,Zacks.com reports.

A number of other equities analysts have also issued reports on the stock. DA Davidson boosted their target price on shares of Yext from $7.50 to $8.25 and gave the stock a “neutral” rating in a research report on Thursday, June 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 target price on shares of Yext in a research report on Monday, August 18th. Finally, B. Riley raised shares of Yext from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $7.00 to $10.00 in a research report on Wednesday, June 4th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Yext currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.44.

Yext Stock Up 1.5%

NYSE:YEXT opened at $8.9650 on Thursday. Yext has a 12 month low of $4.73 and a 12 month high of $9.16. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of -49.80 and a beta of 1.06. The company’s 50 day moving average is $8.25 and its 200-day moving average is $7.18.

Institutional Investors Weigh In On Yext

A number of institutional investors have recently bought and sold shares of the business. State of Wyoming boosted its stake in shares of Yext by 33.5% in the 2nd quarter. State of Wyoming now owns 68,881 shares of the company’s stock valued at $585,000 after purchasing an additional 17,276 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Yext by 197.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 15,261 shares of the company’s stock valued at $130,000 after purchasing an additional 10,134 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of Yext by 123.7% in the 2nd quarter. Lazard Asset Management LLC now owns 21,350 shares of the company’s stock valued at $181,000 after purchasing an additional 11,807 shares in the last quarter. HRT Financial LP boosted its stake in shares of Yext by 80.7% in the 2nd quarter. HRT Financial LP now owns 217,402 shares of the company’s stock valued at $1,847,000 after purchasing an additional 97,082 shares in the last quarter. Finally, Engineers Gate Manager LP boosted its stake in shares of Yext by 117.5% in the 2nd quarter. Engineers Gate Manager LP now owns 49,949 shares of the company’s stock valued at $425,000 after purchasing an additional 26,987 shares in the last quarter. Institutional investors and hedge funds 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.