Yext (NYSE:YEXT) Cut to Buy at Wall Street Zen

Wall Street Zen lowered shares of Yext (NYSE:YEXT) from a strong-buy rating to a buy rating in a report issued on Sunday morning.

YEXT has been the topic of a number of other reports. Zacks Research downgraded shares of Yext from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Weiss Ratings reiterated a “sell (d)” rating on shares of Yext in a research note on Monday, December 8th. Finally, Needham & Company LLC reissued a “buy” rating and set a $10.00 target price on shares of Yext in a report on Monday, August 18th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.44.

Yext Stock Performance

Shares of YEXT stock opened at $8.52 on Friday. Yext has a 12-month low of $5.51 and a 12-month high of $9.20. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of -850.65 and a beta of 0.91. The business has a 50 day simple moving average of $8.46 and a 200 day simple moving average of $8.44.

Yext (NYSE:YEXT) last announced 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 return on equity of 18.57% and a net margin of 5.89%.The company had revenue of $112.00 million during the quarter, compared to analyst estimates of $113.07 million. During the same quarter in the previous year, the firm posted $0.12 EPS. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. On average, equities research analysts anticipate that Yext will post -0.12 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Hudson Bay Capital Management LP bought a new position in shares of Yext in the third quarter valued at $11,121,000. CIBC Bancorp USA Inc. acquired a new stake in shares of Yext during the third quarter worth $92,000. Acuitas Investments LLC lifted its holdings in shares of Yext by 82.7% during the third quarter. Acuitas Investments LLC now owns 36,350 shares of the company’s stock valued at $310,000 after purchasing an additional 16,450 shares during the last quarter. XTX Topco Ltd lifted its holdings in shares of Yext by 94.5% during the third quarter. XTX Topco Ltd now owns 133,179 shares of the company’s stock valued at $1,135,000 after purchasing an additional 64,703 shares during the last quarter. Finally, Verition Fund Management LLC lifted its stake in Yext by 43.1% during the third quarter. Verition Fund Management LLC now owns 30,651 shares of the company’s stock valued at $261,000 after buying an additional 9,235 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Yext Company Profile

Yext, Inc organizes business facts to provide answers to consumer questions in North America and internationally. It operates Yext platform, a cloud-based platform that allows its customers to offer answers to consumer questions, to control the facts about their businesses and the content of their landing pages, and to manage their consumer reviews; and provides customers to update their information and content through its publisher network of maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks, as well as professional services.