Yext’s (YEXT) “Sell (D)” Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their sell (d) rating on shares of Yext (NYSE:YEXT) in a research note published on Wednesday morning,Weiss Ratings reports.

YEXT has been the subject of a number of other reports. Needham & Company LLC reiterated a “buy” rating and issued a $10.00 price objective on shares of Yext in a research report on Monday, August 18th. Wall Street Zen upgraded Yext from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 13th. Finally, Zacks Research cut Yext from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $9.44.

Yext Price Performance

Shares of YEXT stock opened at $8.34 on Wednesday. The stock has a 50-day moving average price of $8.59 and a 200 day moving average price of $7.72. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.64. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of -69.49 and a beta of 0.92. Yext has a 12 month low of $5.51 and a 12 month high of $9.20.

Yext (NYSE:YEXT) last announced its quarterly earnings data on Monday, September 8th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.09). The firm had revenue of $113.09 million during the quarter, compared to analyst estimates of $111.24 million. Yext had a return on equity of 4.90% and a net margin of 1.66%.Yext’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.05 earnings per share. Research analysts expect that Yext will post -0.12 EPS for the current year.

Hedge Funds Weigh In On Yext

Institutional investors have recently modified their holdings of the business. New Age Alpha Advisors LLC bought a new stake in Yext in the 1st quarter valued at approximately $43,000. Optas LLC bought a new stake in Yext in the 1st quarter valued at approximately $71,000. Martingale Asset Management L P lifted its stake in Yext by 16.4% in the 1st quarter. Martingale Asset Management L P now owns 14,209 shares of the company’s stock valued at $88,000 after acquiring an additional 2,002 shares in the last quarter. Ieq Capital LLC bought a new stake in Yext in the 1st quarter valued at approximately $90,000. Finally, 111 Capital bought a new stake in Yext in the 2nd quarter valued at approximately $100,000. Institutional investors own 70.98% of the company’s stock.

About Yext

Yext, Inc organizes business facts to provide answers to consumer questions in North America and internationally. It operates Yext platform, a cloud-based platform that allows its customers to offer answers to consumer questions, to control the facts about their businesses and the content of their landing pages, and to manage their consumer reviews; and provides customers to update their information and content through its publisher network of maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks, as well as professional services.