Yext (NYSE:YEXT) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Yext (NYSE:YEXT) from a buy rating to a hold rating in a research report released on Sunday.

Several other analysts also recently commented on YEXT. B. Riley Financial reduced their target price on Yext from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Tuesday, March 10th. Roth Mkm downgraded Yext from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $9.50 to $6.00 in a research note on Wednesday, March 11th. Weiss Ratings lowered Yext from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, March 2nd. Finally, DA Davidson reissued a “neutral” rating and issued a $6.00 price objective on shares of Yext in a research note on Wednesday, March 11th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $7.50.

Yext Stock Up 1.4%

Yext stock opened at $5.54 on Friday. The company has a market capitalization of $682.74 million, a PE ratio of 92.27 and a beta of 1.01. Yext has a 12-month low of $4.66 and a 12-month high of $9.20. The firm’s fifty day moving average is $6.24 and its 200 day moving average is $7.70. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.61.

Yext (NYSE:YEXT) last posted its quarterly earnings results on Monday, March 9th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. Yext had a net margin of 8.48% and a return on equity of 29.61%. The business had revenue of $112.00 million during the quarter, compared to analysts’ expectations of $114.21 million. During the same period last year, the company posted $0.13 earnings per share. The business’s quarterly revenue was down 1.0% on a year-over-year basis. As a group, sell-side analysts predict that Yext will post -0.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in YEXT. Invesco Ltd. raised its holdings in Yext by 13.6% during the 4th quarter. Invesco Ltd. now owns 187,106 shares of the company’s stock valued at $1,508,000 after buying an additional 22,471 shares during the last quarter. Lynrock Lake LP boosted its position in Yext by 23.3% during the 4th quarter. Lynrock Lake LP now owns 15,132,384 shares of the company’s stock valued at $121,967,000 after buying an additional 2,861,653 shares during the period. XTX Topco Ltd grew its holdings in Yext by 24.0% in the 4th quarter. XTX Topco Ltd now owns 165,189 shares of the company’s stock worth $1,331,000 after acquiring an additional 32,010 shares during the last quarter. SummitTX Capital L.P. purchased a new position in shares of Yext in the fourth quarter valued at about $724,000. Finally, Quadrature Capital Ltd increased its position in shares of Yext by 331.6% in the fourth quarter. Quadrature Capital Ltd now owns 54,362 shares of the company’s stock valued at $438,000 after acquiring an additional 41,768 shares during the period. 70.98% of the stock is owned by hedge funds and other institutional investors.

About Yext

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.