Yext (NYSE:YEXT) Stock Rating Lowered 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 note issued to investors on Saturday.

YEXT has been the subject of several other research reports. Weiss Ratings cut Yext from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, December 29th. DA Davidson reduced their target price on shares of Yext from $8.25 to $6.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. 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 company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $8.88.

Yext Stock Performance

Shares of YEXT opened at $5.58 on Friday. Yext has a 52 week low of $4.66 and a 52 week high of $9.20. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market capitalization of $686.20 million, a PE ratio of -557.64 and a beta of 0.98. The company’s 50 day moving average price is $7.44 and its 200 day moving average price is $8.15.

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

Hedge Funds Weigh In On Yext

Hedge funds and other institutional investors have recently made changes to their positions in the business. Clearstead Advisors LLC increased its stake in Yext by 147.1% in 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 bought a new position in Yext during the third quarter worth about $48,000. MQS Management LLC acquired a new stake in Yext during the fourth quarter valued at approximately $86,000. Optas LLC bought a new stake in shares of Yext in the 4th quarter valued at approximately $88,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of Yext in the 3rd quarter worth approximately $90,000. 70.98% of the stock is owned by institutional investors.

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.