Wall Street Zen Downgrades Yext (NYSE:YEXT) to Hold

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

Other equities research analysts have also recently issued research reports about the stock. B. Riley Financial dropped their price target 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. Roth Mkm cut shares of Yext from a “buy” rating to a “neutral” rating and cut their target price for the stock from $9.50 to $6.00 in a research note on Wednesday, March 11th. DA Davidson reaffirmed a “neutral” rating and issued a $6.00 price target on shares of Yext in a research note on Wednesday, March 11th. Finally, Weiss Ratings cut Yext from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, March 2nd. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Yext has an average rating of “Hold” and an average target price of $7.50.

Yext Stock Up 4.5%

YEXT stock opened at $5.47 on Friday. Yext has a one year low of $4.66 and a one year high of $9.20. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.07 and a current ratio of 1.07. The firm’s fifty day moving average is $6.29 and its 200 day moving average is $7.72. The firm has a market cap of $674.11 million, a PE ratio of 91.10 and a beta of 1.01.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Yext by 1.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 420,951 shares of the company’s stock valued at $2,593,000 after purchasing an additional 4,802 shares during the last quarter. Millennium Management LLC purchased a new stake in Yext in the 1st quarter valued at about $3,964,000. Police & Firemen s Retirement System of New Jersey lifted its position in Yext by 19.0% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 25,430 shares of the company’s stock valued at $216,000 after buying an additional 4,060 shares during the last quarter. Creative Planning purchased a new position in shares of Yext during the 2nd quarter worth approximately $109,000. Finally, Cetera Investment Advisers acquired a new stake in Yext in the 2nd quarter valued at approximately $1,413,000. 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.