Wall Street Zen Downgrades Yext (NYSE:YEXT) to Buy

by · The Cerbat Gem

Yext (NYSE:YEXT – Get Free Report) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Sunday.

Several other equities analysts have also commented on the stock. Zacks Research lowered shares of Yext from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Weiss Ratings reiterated a “sell (d)” rating on shares of Yext in a research note on Monday, December 8th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $10.00 price target on shares of Yext in a research report on Monday, August 18th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $9.44.

Check Out Our Latest Research Report on Yext

Yext Stock Performance

NYSE:YEXT opened at $8.33 on Friday. Yext has a 52 week low of $5.51 and a 52 week high of $9.20. The company has a fifty day simple moving average of $8.46 and a two-hundred day simple moving average of $8.43. 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 $1.02 billion, a price-to-earnings ratio of -831.67 and a beta of 0.91.

Yext (NYSE:YEXT – Get Free Report) last announced its quarterly earnings data 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 business had revenue of $112.00 million during the quarter, compared to analysts’ expectations of $113.07 million. During the same quarter last year, the business posted $0.12 EPS. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. As a group, equities analysts anticipate that Yext will post -0.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Yext

A number of institutional investors have recently made changes to their positions in YEXT. Hudson Bay Capital Management LP acquired a new position in Yext in the third quarter valued at $11,121,000. CIBC Bancorp USA Inc. purchased a new position in Yext in the 3rd quarter worth approximately $92,000. Acuitas Investments LLC grew its position in Yext by 82.7% in the third quarter. Acuitas Investments LLC now owns 36,350 shares of the company’s stock valued at $310,000 after acquiring an additional 16,450 shares in the last quarter. XTX Topco Ltd increased its stake in Yext by 94.5% during the 3rd quarter. XTX Topco Ltd now owns 133,179 shares of the company’s stock worth $1,135,000 after buying an additional 64,703 shares during the period. Finally, Verition Fund Management LLC grew its stake in shares of Yext by 43.1% during the third quarter. Verition Fund Management LLC now owns 30,651 shares of the company’s stock valued at $261,000 after acquiring an additional 9,235 shares in the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

About Yext

(Get Free Report)

Yext, Inc organizes business facts to provide answers to consumer questions in North America and internationally. It operates Yext platform, a cloud-based platform that allows its customers to offer answers to consumer questions, to control the facts about their businesses and the content of their landing pages, and to manage their consumer reviews; and provides customers to update their information and content through its publisher network of maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks, as well as professional services.

Recommended Stories