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

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

Separately, Weiss Ratings downgraded shares of Yext from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, December 29th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $9.44.

Yext Stock Up 1.1%

Shares of NYSE YEXT opened at $7.62 on Friday. The business has a 50-day moving average price of $8.29 and a 200 day moving average price of $8.41. The stock has a market cap of $934.44 million, a PE ratio of -761.24 and a beta of 0.96. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.63. Yext has a 52-week low of $5.51 and a 52-week high of $9.20.

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 the consensus estimate of $0.12 by $0.02. Yext had a return on equity of 18.57% and a net margin of 5.89%.The business had revenue of $112.00 million during the quarter, compared to the consensus estimate of $113.07 million. During the same period in the prior year, the company earned $0.12 earnings per share. The company’s revenue was down 1.7% compared to the same quarter last year. Equities research analysts forecast that Yext will post -0.12 earnings per share for the current year.

Institutional Investors Weigh In On Yext

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

About Yext

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.