Yext (NYSE:YEXT) Shares Gap Down – What’s Next?

Shares of Yext (NYSE:YEXT) gapped down before the market opened on Thursday . The stock had previously closed at $5.60, but opened at $4.98. Yext shares last traded at $5.0450, with a volume of 2,070,652 shares trading hands.

Analyst Ratings Changes

Several equities analysts have weighed in on YEXT shares. Wall Street Zen cut Yext from a “buy” rating to a “hold” rating in a research note on Sunday. DA Davidson reaffirmed a “neutral” rating and set a $6.00 price objective on shares of Yext in a research report on Wednesday, March 11th. B. Riley Financial dropped their price objective on shares of Yext from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. Weiss Ratings lowered shares of Yext from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 2nd. Finally, Roth Mkm cut shares of Yext from a “buy” rating to a “neutral” rating and lowered their price target for the company from $9.50 to $6.00 in a report on Wednesday, March 11th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $7.50.

Yext Trading Down 9.0%

The company has a fifty day moving average price of $6.19 and a 200-day moving average price of $7.68. The firm has a market capitalization of $628.47 million, a price-to-earnings ratio of 84.76 and a beta of 1.01. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.61.

Yext (NYSE:YEXT) last issued its quarterly earnings data on Monday, March 9th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.01. The firm had revenue of $112.00 million for the quarter, compared to analyst estimates of $114.21 million. Yext had a net margin of 8.48% and a return on equity of 29.61%. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.13 earnings per share. On average, equities research analysts predict that Yext will post -0.12 EPS for the current year.

Institutional Investors Weigh In On Yext

A number of large investors have recently bought and sold shares of YEXT. Lynrock Lake LP raised its holdings in Yext by 23.3% during the fourth quarter. Lynrock Lake LP now owns 15,132,384 shares of the company’s stock valued at $121,967,000 after buying an additional 2,861,653 shares in the last quarter. Hudson Bay Capital Management LP increased its holdings in shares of Yext by 126.2% during the 4th quarter. Hudson Bay Capital Management LP now owns 2,952,453 shares of the company’s stock valued at $23,797,000 after acquiring an additional 1,647,174 shares during the last quarter. First Trust Advisors LP bought a new position in shares of Yext in the 4th quarter valued at approximately $5,634,000. Millennium Management LLC bought a new position in shares of Yext in the 1st quarter valued at approximately $3,964,000. Finally, Hillsdale Investment Management Inc. acquired a new stake in Yext in the 2nd quarter worth approximately $5,027,000. 70.98% of the stock is currently 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.