DA Davidson Cuts Yext (NYSE:YEXT) Price Target to $6.00

Yext (NYSE:YEXT) had its price objective decreased by DA Davidson from $8.25 to $6.00 in a report published on Wednesday morning,Benzinga reports. DA Davidson currently has a neutral rating on the stock.

Several other research analysts have also weighed in on YEXT. Wall Street Zen upgraded shares of Yext from a “hold” rating to a “buy” rating in a research report on Sunday, January 18th. Weiss Ratings cut shares of Yext from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $8.88.

Yext Trading Up 1.7%

Shares of Yext stock opened at $4.91 on Wednesday. The stock has a 50 day moving average of $7.78 and a 200 day moving average of $8.26. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market capitalization of $602.11 million, a price-to-earnings ratio of -490.51 and a beta of 0.98. Yext has a fifty-two week low of $4.66 and a fifty-two week high of $9.20.

Yext (NYSE:YEXT) last posted its earnings results on Monday, December 8th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $112.00 million for the quarter, compared to the consensus estimate of $113.07 million. Yext had a return on equity of 18.57% and a net margin of 5.89%.The company’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.12 earnings per share. As a group, research analysts predict that Yext will post -0.12 earnings per share for the current year.

Hedge Funds Weigh In On Yext

Several institutional investors have recently modified their holdings of YEXT. Haven Private LLC grew its holdings in shares of Yext by 2.7% during the third quarter. Haven Private LLC now owns 57,362 shares of the company’s stock worth $489,000 after buying an additional 1,507 shares during the last quarter. Strs Ohio increased its holdings in shares of Yext by 2.7% in the third quarter. Strs Ohio now owns 77,200 shares of the company’s stock valued at $658,000 after purchasing an additional 2,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Yext by 6.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,232 shares of the company’s stock worth $266,000 after purchasing an additional 2,016 shares during the last quarter. Neuberger Berman Group LLC raised its stake in shares of Yext by 15.3% during the third quarter. Neuberger Berman Group LLC now owns 24,770 shares of the company’s stock worth $211,000 after purchasing an additional 3,292 shares during the last quarter. Finally, Creative Planning lifted its holdings in shares of Yext by 29.5% during the third quarter. Creative Planning now owns 16,651 shares of the company’s stock worth $142,000 after purchasing an additional 3,789 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

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.