Yext (NYSE:YEXT) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Yext (NYSE:YEXT) from a buy rating to a hold rating in a report issued on Saturday morning.

Separately, Weiss Ratings lowered shares of Yext from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $9.44.

Yext Stock Performance

Shares of YEXT opened at $7.93 on Friday. The firm has a market capitalization of $971.84 million, a P/E ratio of -791.71 and a beta of 0.96. Yext has a 52 week low of $5.51 and a 52 week high of $9.20. The stock has a 50 day moving average price of $8.36 and a two-hundred day moving average price of $8.43. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.09 and a current ratio of 1.09.

Yext (NYSE:YEXT) last announced its earnings results on Monday, December 8th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $113.07 million. During the same quarter in the previous year, the firm earned $0.12 earnings per share. Yext’s quarterly revenue was down 1.7% on a year-over-year basis. Equities analysts forecast that Yext will post -0.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Hudson Bay Capital Management LP bought a new stake in shares of Yext in the third quarter valued at approximately $11,121,000. Millennium Management LLC purchased a new position in Yext in the 1st quarter valued at approximately $3,964,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Yext by 57.6% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,629,919 shares of the company’s stock valued at $13,854,000 after acquiring an additional 595,819 shares during the period. Hillsdale Investment Management Inc. bought a new stake in shares of Yext during the 2nd quarter valued at $5,027,000. Finally, Qube Research & Technologies Ltd lifted its holdings in Yext by 97.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 957,958 shares of the company’s stock worth $8,143,000 after purchasing an additional 472,000 shares in the last quarter. 70.98% of the stock is owned by institutional investors.

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.