Yext (NYSE:YEXT) Downgraded by Wall Street Zen to Buy

Wall Street Zen downgraded shares of Yext (NYSE:YEXT) from a strong-buy rating to a buy rating in a research note published on Sunday.

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

Yext Trading Down 1.1%

Shares of YEXT stock opened at $8.32 on Friday. Yext has a twelve month low of $5.51 and a twelve month high of $9.20. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of -830.67 and a beta of 0.91. The firm has a 50-day moving average price of $8.46 and a 200 day moving average price of $8.42. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.63.

Yext (NYSE:YEXT) last announced its quarterly earnings data on Monday, December 8th. The company reported $0.14 EPS for the quarter, beating 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 business had revenue of $112.00 million during the quarter, compared to the consensus estimate of $113.07 million. During the same quarter in the previous year, the business earned $0.12 earnings per share. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. Research analysts forecast that Yext will post -0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Yext

Hedge funds have recently made changes to their positions in the business. Lynrock Lake LP increased its holdings in shares of Yext by 9.5% during the first quarter. Lynrock Lake LP now owns 11,680,363 shares of the company’s stock valued at $71,951,000 after purchasing an additional 1,009,285 shares during the period. Millennium Management LLC bought a new position in Yext in the 1st quarter valued at about $3,964,000. The Manufacturers Life Insurance Company increased its stake in Yext by 13.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 5,224,194 shares of the company’s stock valued at $32,181,000 after buying an additional 614,960 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Yext by 57.6% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,629,919 shares of the company’s stock worth $13,854,000 after buying an additional 595,819 shares in the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new stake in shares of Yext in the 2nd quarter worth approximately $5,027,000. Institutional investors own 70.98% of the company’s stock.

Yext Company Profile

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.