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

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

Other equities analysts have also issued reports about the stock. Zacks Research lowered shares of Yext from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Weiss Ratings reissued a “sell (d)” rating on shares of Yext in a report on Monday, December 8th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $10.00 price target on shares of Yext in a research report on Monday, August 18th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $9.44.

Yext Stock Performance

Shares of Yext stock opened at $8.32 on Friday. The business has a 50-day moving average of $8.46 and a 200 day moving average of $8.41. Yext has a 12 month low of $5.51 and a 12 month high of $9.20. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of -830.67 and a beta of 0.91. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.09 and a quick ratio of 1.05.

Yext (NYSE:YEXT) last released its earnings results on Monday, December 8th. The company reported $0.14 EPS for the quarter, topping the consensus estimate 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 return on equity of 18.57% and a net margin of 5.89%.Yext’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.12 EPS. As a group, sell-side analysts forecast that Yext will post -0.12 earnings per share for the current year.

Hedge Funds Weigh In On Yext

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

About Yext

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.