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 research report report published on Saturday.

Other research analysts also recently issued reports about the stock. Weiss Ratings downgraded shares of Yext from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, December 29th. DA Davidson reduced their price objective on Yext from $8.25 to $6.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $8.88.

Yext Stock Up 4.5%

Yext stock opened at $5.58 on Friday. The business’s 50-day simple moving average is $7.38 and its two-hundred day simple moving average is $8.13. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market cap of $686.20 million, a PE ratio of -557.64 and a beta of 0.98. Yext has a fifty-two week low of $4.66 and a fifty-two week high of $9.20.

Yext (NYSE:YEXT) last released its earnings results on Monday, December 8th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $112.00 million during the quarter, compared to the consensus estimate of $113.07 million. Yext had a return on equity of 18.57% and a net margin of 5.89%.The company’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 earnings per share. Equities analysts anticipate that Yext will post -0.12 EPS for the current year.

Institutional Investors Weigh In On Yext

A number of institutional investors have recently added to or reduced their stakes in the stock. Haven Private LLC raised its position in Yext by 2.7% during the third quarter. Haven Private LLC now owns 57,362 shares of the company’s stock worth $489,000 after acquiring an additional 1,507 shares during the period. Strs Ohio increased its stake in shares of Yext by 2.7% during the third quarter. Strs Ohio now owns 77,200 shares of the company’s stock worth $658,000 after purchasing an additional 2,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Yext by 6.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,232 shares of the company’s stock worth $266,000 after purchasing an additional 2,016 shares during the last quarter. Clearstead Advisors LLC raised its position in shares of Yext by 147.1% during the 4th quarter. Clearstead Advisors LLC now owns 4,677 shares of the company’s stock worth $38,000 after purchasing an additional 2,784 shares during the last quarter. Finally, Neuberger Berman Group LLC lifted its stake in Yext by 15.3% in the 3rd quarter. Neuberger Berman Group LLC now owns 24,770 shares of the company’s stock valued at $211,000 after buying an additional 3,292 shares in the last quarter. 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.