Yext (NYSE:YEXT) Rating Lowered to Hold at Wall Street Zen

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

Several other brokerages have also weighed in on YEXT. Weiss Ratings lowered Yext from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, December 29th. DA Davidson lowered their price objective on shares of Yext from $8.25 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday, February 4th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Yext presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.88.

Yext Stock Up 4.5%

YEXT stock opened at $5.58 on Friday. The stock has a market capitalization of $686.20 million, a P/E ratio of -557.64 and a beta of 0.98. The company has a 50 day moving average price of $7.44 and a two-hundred day moving average price of $8.14. Yext has a one year low of $4.66 and a one year high of $9.20. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.09 and a current ratio of 1.09.

Yext (NYSE:YEXT) last posted its quarterly earnings results on Monday, December 8th. The company reported $0.14 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 company had revenue of $112.00 million during the quarter, compared to analysts’ expectations of $113.07 million. During the same quarter in the previous year, the business earned $0.12 EPS. The firm’s revenue was down 1.7% on a year-over-year basis. As a group, sell-side analysts expect that Yext will post -0.12 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Yext by 1.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 420,951 shares of the company’s stock worth $2,593,000 after acquiring an additional 4,802 shares during the period. Millennium Management LLC acquired a new stake in shares of Yext during the 1st quarter worth approximately $3,964,000. CWM LLC lifted its holdings in shares of Yext by 50.5% in the 2nd quarter. CWM LLC now owns 14,574 shares of the company’s stock worth $124,000 after purchasing an additional 4,893 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Yext during the 2nd quarter valued at approximately $521,000. Finally, Acuitas Investments LLC bought a new position in Yext during the 2nd quarter worth $169,000. 70.98% of the stock is owned by institutional investors and hedge funds.

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.