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

Wall Street Zen upgraded shares of Yext (NYSE:YEXT) from a hold rating to a buy rating in a report issued on Saturday morning.

Several other research analysts have also weighed in on the stock. Weiss Ratings lowered shares of Yext from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 2nd. DA Davidson reduced their price target on shares of Yext from $8.25 to $6.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 4th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Yext has an average rating of “Hold” and an average price target of $8.67.

Yext Price Performance

YEXT stock opened at $5.61 on Friday. Yext has a 52-week low of $4.66 and a 52-week high of $9.20. 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 stock has a market cap of $689.64 million, a price-to-earnings ratio of -560.44 and a beta of 1.01. The business has a fifty day moving average of $6.60 and a two-hundred day moving average of $7.88.

Yext (NYSE:YEXT) last announced 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. The business had revenue of $112.00 million for the quarter, compared to analyst estimates of $113.07 million. Yext had a return on equity of 18.57% and a net margin of 5.89%.The company’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.12 EPS. As a group, research analysts anticipate that Yext will post -0.12 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Clearstead Advisors LLC grew its holdings in shares of Yext by 147.1% in the fourth quarter. Clearstead Advisors LLC now owns 4,677 shares of the company’s stock valued at $38,000 after purchasing an additional 2,784 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in Yext during the 3rd quarter worth approximately $48,000. Landscape Capital Management L.L.C. purchased a new position in Yext in the 4th quarter valued at approximately $82,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Yext in the third quarter worth $90,000. Finally, MQS Management LLC acquired a new position in shares of Yext in the fourth quarter worth $86,000. Hedge funds and other institutional investors 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.