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

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

Several other analysts also recently issued reports on the company. DA Davidson reissued a “neutral” rating and set a $6.00 target price on shares of Yext in a research note on Wednesday. Roth Mkm downgraded Yext from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $9.50 to $6.00 in a research note on Wednesday. Weiss Ratings lowered shares of Yext from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, March 2nd. Finally, B. Riley Financial reduced their price objective on shares of Yext from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $7.50.

Yext Trading Down 0.5%

Shares of YEXT stock opened at $5.24 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 0.61, a quick ratio of 1.09 and a current ratio of 1.07. The firm has a market capitalization of $645.74 million, a PE ratio of 87.26 and a beta of 1.01. The stock has a fifty day simple moving average of $6.34 and a two-hundred day simple moving average of $7.76.

Yext (NYSE:YEXT) last posted its quarterly earnings results on Monday, March 9th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. The business had revenue of $112.00 million for the quarter, compared to analysts’ expectations of $114.21 million. Yext had a return on equity of 29.61% and a net margin of 8.48%.The business’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period last year, the firm earned $0.13 earnings per share. On average, analysts predict 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 added to or reduced their stakes in the company. 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 worth $38,000 after acquiring an additional 2,784 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of Yext during the 3rd quarter valued at approximately $48,000. Landscape Capital Management L.L.C. bought a new position in shares of Yext during the 4th quarter valued at approximately $82,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of Yext in the third quarter valued at $90,000. Finally, MQS Management LLC purchased a new position in shares of Yext in the fourth quarter valued at $86,000. 70.98% of the stock is owned by institutional investors.

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.