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

Yext (NYSE:YEXT) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other equities analysts also recently issued reports on YEXT. Weiss Ratings cut shares of Yext from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 2nd. DA Davidson dropped their price objective on Yext from $8.25 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, February 4th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Yext presently has a consensus rating of “Hold” and an average target price of $8.67.

Yext Stock Up 1.8%

Shares of NYSE YEXT opened at $5.61 on Friday. The business’s fifty day simple moving average is $6.60 and its 200-day simple moving average is $7.87. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.63. Yext has a 12-month low of $4.66 and a 12-month high of $9.20. The stock has a market cap of $689.64 million, a P/E ratio of -560.44 and a beta of 1.01.

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

Institutional Trading of Yext

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Clearstead Advisors LLC increased its stake in Yext by 147.1% in the 4th quarter. Clearstead Advisors LLC now owns 4,677 shares of the company’s stock valued at $38,000 after purchasing an additional 2,784 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in Yext during the third quarter worth $48,000. Landscape Capital Management L.L.C. purchased a new stake in Yext during the fourth quarter worth $82,000. Mercer Global Advisors Inc. ADV acquired a new stake in Yext in the third quarter valued at $90,000. Finally, MQS Management LLC acquired a new stake in Yext in the fourth quarter valued at $86,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

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.