Yext (NYSE:YEXT) Sets New 12-Month Low – What’s Next?

Yext (NYSE:YEXT) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $4.57 and last traded at $4.5570, with a volume of 560213 shares trading hands. The stock had previously closed at $4.72.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on YEXT shares. Roth Mkm downgraded Yext from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $9.50 to $6.00 in a report on Wednesday, March 11th. B. Riley Financial lowered 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. Weiss Ratings lowered shares of Yext from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, March 2nd. Wall Street Zen downgraded shares of Yext from a “buy” rating to a “hold” rating in a research report on Sunday, March 15th. Finally, DA Davidson reissued a “neutral” rating and issued a $6.00 target price on shares of Yext in a research note on Wednesday, March 11th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Yext has a consensus rating of “Hold” and an average price target of $7.50.

Yext Stock Performance

The company has a market cap of $564.33 million, a P/E ratio of 76.26 and a beta of 1.01. The stock’s 50-day moving average price is $5.99 and its 200-day moving average price is $7.58. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.07 and a quick ratio of 1.07.

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

Institutional Trading of Yext

A number of hedge funds and other institutional investors have recently bought and sold shares of YEXT. Lynrock Lake LP raised its holdings 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 acquiring an additional 2,861,653 shares during the period. Hudson Bay Capital Management LP grew its position in shares of Yext by 126.2% in the fourth quarter. Hudson Bay Capital Management LP now owns 2,952,453 shares of the company’s stock valued at $23,797,000 after purchasing an additional 1,647,174 shares in the last quarter. First Trust Advisors LP bought a new stake in shares of Yext during the 4th quarter valued at $5,634,000. Millennium Management LLC bought a new stake in shares of Yext during the 1st quarter valued at $3,964,000. Finally, Qube Research & Technologies Ltd lifted its holdings in Yext by 97.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 957,958 shares of the company’s stock worth $8,143,000 after purchasing an additional 472,000 shares in the last quarter. 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.