Yext (NYSE:YEXT) Reaches New 1-Year Low – Should You Sell?

Yext (NYSE:YEXT)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $5.42 and last traded at $5.4450, with a volume of 5330249 shares traded. The stock had previously closed at $7.16.

Analyst Ratings Changes

A number of research analysts recently issued reports on YEXT shares. Weiss Ratings lowered shares of Yext from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, December 29th. Wall Street Zen upgraded Yext from a “hold” rating to a “buy” rating in a research note on Sunday, January 18th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Yext presently has a consensus rating of “Hold” and a consensus price target of $9.44.

Yext Trading Down 24.0%

The company’s fifty day moving average price is $8.05 and its two-hundred day moving average price is $8.35. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.63. The company has a market cap of $667.72 million, a price-to-earnings ratio of -543.96 and a beta of 0.98.

Yext (NYSE:YEXT) last posted its quarterly earnings data on Monday, December 8th. The company reported $0.14 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 for the quarter, compared to analyst estimates of $113.07 million. During the same quarter in the previous year, the firm earned $0.12 earnings per share. The business’s revenue was down 1.7% on a year-over-year basis. Research analysts expect that Yext will post -0.12 earnings per share for the current year.

Institutional Trading of Yext

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hudson Bay Capital Management LP acquired a new stake in shares of Yext during the 3rd quarter worth approximately $11,121,000. Millennium Management LLC acquired a new position in Yext during the first quarter valued at approximately $3,964,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Yext by 57.6% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,629,919 shares of the company’s stock valued at $13,854,000 after purchasing an additional 595,819 shares during the period. Hillsdale Investment Management Inc. bought a new stake in Yext in the second quarter valued at approximately $5,027,000. Finally, Qube Research & Technologies Ltd raised its holdings in Yext by 97.1% in the second 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 during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.

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.