Shares of Yext (NYSE:YEXT – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $7.50.
Several equities analysts recently commented on the stock. Weiss Ratings raised shares of Yext from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, June 3rd. Zacks Research upgraded shares of Yext from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Finally, Wall Street Zen downgraded shares of Yext from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd.
Get Our Latest Stock Analysis on YEXT
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Institutional Trading of Yext
Several institutional investors and hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio purchased a new position in shares of Yext during the second quarter worth about $31,000. New York State Teachers Retirement System raised its stake in Yext by 9,253.0% in the first quarter. New York State Teachers Retirement System now owns 9,353 shares of the company’s stock valued at $36,000 after purchasing an additional 9,253 shares in the last quarter. Clearstead Advisors LLC raised its stake in Yext by 147.1% in the fourth quarter. Clearstead Advisors LLC now owns 4,677 shares of the company’s stock valued at $38,000 after purchasing an additional 2,784 shares in the last quarter. Gamco Investors INC. ET AL bought a new stake in Yext during the first quarter valued at approximately $38,000. Finally, Legal & General Group Plc bought a new stake in Yext during the second quarter valued at approximately $39,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.
Yext Stock Performance
NYSE:YEXT opened at $5.86 on Friday. The company has a debt-to-equity ratio of 6.03, a quick ratio of 0.79 and a current ratio of 0.79. Yext has a 52-week low of $3.27 and a 52-week high of $9.20. The firm has a market cap of $587.45 million, a price-to-earnings ratio of 83.71 and a beta of 1.13. The business’s fifty day moving average is $4.98 and its 200 day moving average is $4.71.
About Yext
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.
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