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

Wall Street Zen lowered shares of Yext (NYSE:YEXT) from a buy rating to a hold rating in a research note published on Saturday morning.

A number of other research analysts have also recently commented on the company. DA Davidson lowered their target price on Yext from $8.25 to $6.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. Weiss Ratings downgraded Yext from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $8.88.

Yext Trading Up 4.5%

Shares of YEXT opened at $5.58 on Friday. The firm’s 50-day moving average price is $7.44 and its 200-day moving average price is $8.14. The firm has a market capitalization of $686.20 million, a price-to-earnings ratio of -557.64 and a beta of 0.98. 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 1-year low of $4.66 and a 1-year high of $9.20.

Yext (NYSE:YEXT) last released its quarterly earnings results on Monday, December 8th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. Yext had a net margin of 5.89% and a return on equity of 18.57%. The company 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 firm earned $0.12 earnings per share. Yext’s revenue was down 1.7% on a year-over-year basis. Sell-side analysts anticipate that Yext will post -0.12 EPS for the current year.

Institutional Investors Weigh In On Yext

Hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company grew its stake in shares of Yext by 7.1% in the second quarter. The Manufacturers Life Insurance Company now owns 5,595,447 shares of the company’s stock worth $47,561,000 after acquiring an additional 371,253 shares during the last quarter. Hudson Bay Capital Management LP boosted its stake in Yext by 126.2% in the 4th quarter. Hudson Bay Capital Management LP now owns 2,952,453 shares of the company’s stock worth $23,797,000 after purchasing an additional 1,647,174 shares in the last quarter. Geode Capital Management LLC grew its position in Yext by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 2,602,559 shares of the company’s stock valued at $20,980,000 after purchasing an additional 23,914 shares during the last quarter. Federated Hermes Inc. increased its stake in Yext by 28.7% during the 4th quarter. Federated Hermes Inc. now owns 1,871,845 shares of the company’s stock valued at $15,087,000 after purchasing an additional 417,896 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Yext by 10.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,808,257 shares of the company’s stock worth $15,406,000 after buying an additional 178,338 shares during the last quarter. 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.