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

Yext (NYSE:YEXT) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Separately, Weiss Ratings downgraded Yext from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, December 29th. Three investment 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $9.44.

Yext Stock Down 1.4%

Shares of NYSE YEXT opened at $8.00 on Friday. 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 firm has a market cap of $980.40 million, a PE ratio of -798.70 and a beta of 0.96. The company’s fifty day simple moving average is $8.37 and its 200 day simple moving average is $8.44. Yext has a 12-month low of $5.51 and a 12-month high of $9.20.

Yext (NYSE:YEXT) last announced its quarterly earnings data on Monday, December 8th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. The firm had revenue of $112.00 million for the quarter, compared to analyst estimates of $113.07 million. Yext had a net margin of 5.89% and a return on equity of 18.57%. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.12 earnings per share. As a group, sell-side analysts forecast that Yext will post -0.12 earnings per share for the current fiscal year.

Institutional Trading of Yext

Several institutional investors and hedge funds have recently modified their holdings of YEXT. State of Alaska Department of Revenue purchased a new position in shares of Yext during the third quarter valued at approximately $48,000. Mercer Global Advisors Inc. ADV bought a new position in Yext during the 3rd quarter valued at $90,000. CIBC Bancorp USA Inc. purchased a new position in Yext during the 3rd quarter worth $92,000. 111 Capital purchased a new position in Yext during the 2nd quarter worth $100,000. Finally, Creative Planning bought a new stake in shares of Yext in the 2nd quarter worth $109,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

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.