Yext (NYSE:YEXT) Raised to “Strong-Buy” at Wall Street Zen

by · The Cerbat Gem

Yext (NYSE:YEXT – Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “strong-buy” rating in a research report issued on Saturday, Wall Street Zen reports.

A number of other equities research analysts also recently commented on YEXT. B Riley reiterated a “neutral” rating on shares of Yext in a report on Wednesday. Zacks Research cut Yext from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. Weiss Ratings restated a “sell (d+)” rating on shares of Yext in a research report on Monday, August 31st. Finally, B. Riley Financial upped their price target on Yext from $5.00 to $7.00 and gave the company a “neutral” rating in a research note on Wednesday, September 2nd. Five analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $6.33.

Check Out Our Latest Report on Yext

Yext Price Performance

Shares of YEXT stock opened at $6.51 on Friday. The firm has a market cap of $644.36 million, a price-to-earnings ratio of 38.29 and a beta of 1.15. Yext has a 12 month low of $3.27 and a 12 month high of $9.19. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 4.14. The stock has a 50-day moving average price of $5.69 and a 200 day moving average price of $4.78.

Yext (NYSE:YEXT – Get Free Report) last released its earnings results on Tuesday, September 1st. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. Yext had a net margin of 5.90% and a return on equity of 43.23%. The company had revenue of $111.10 million for the quarter, compared to the consensus estimate of $111.30 million. During the same period in the prior year, the company posted $0.13 EPS. The company’s revenue was down 1.8% compared to the same quarter last year. Research analysts expect that Yext will post 0.46 EPS for the current year.

Insider Activity

In other news, Director Daniel Englander acquired 76,190 shares of the firm’s stock in a transaction that occurred on Monday, July 13th. The stock was acquired at an average cost of $5.22 per share, for a total transaction of $397,711.80. Following the completion of the acquisition, the director owned 141,190 shares in the company, valued at $737,011.80. This represents a 117.22% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Seth Waugh purchased 133,000 shares of Yext stock in a transaction on Thursday, June 11th. The shares were purchased at an average cost of $3.75 per share, with a total value of $498,750.00. Following the transaction, the director owned 319,411 shares in the company, valued at approximately $1,197,791.25. The trade was a 71.35% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On Yext

A number of large investors have recently modified their holdings of the business. Lead Edge Capital Management LLC acquired a new stake in shares of Yext in the second quarter valued at about $36,628,192. BlackRock Inc. acquired a new position in Yext during the second quarter valued at approximately $34,536,000. Lynrock Lake LP boosted its position in Yext by 23.3% during the fourth quarter. Lynrock Lake LP now owns 15,132,384 shares of the company’s stock valued at $121,967,000 after purchasing an additional 2,861,653 shares during the last quarter. Hudson Bay Capital Management LP grew its stake in Yext by 126.2% in the fourth quarter. Hudson Bay Capital Management LP now owns 2,952,453 shares of the company’s stock valued at $23,797,000 after purchasing an additional 1,647,174 shares in the last quarter. Finally, OP Asset Management Ltd bought a new position in Yext in the first quarter valued at approximately $3,915,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

About Yext

(Get Free Report)

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.

Read More