Yext (NYSE:YEXT) Upgraded at Wall Street Zen

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

Separately, Weiss Ratings downgraded shares of Yext from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, December 29th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Yext currently has a consensus rating of “Hold” and a consensus target price of $9.44.

Yext Trading Down 0.1%

NYSE YEXT opened at $7.60 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market cap of $932.36 million, a price-to-earnings ratio of -759.54 and a beta of 0.96. The firm has a 50 day simple moving average of $8.26 and a 200-day simple moving average of $8.40. Yext has a one year low of $5.51 and a one year high of $9.20.

Yext (NYSE:YEXT) last released its earnings results on Monday, December 8th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $112.00 million for the quarter, compared to analyst estimates of $113.07 million. Yext had a net margin of 5.89% and a return on equity of 18.57%. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.12 EPS. Equities research analysts anticipate that Yext will post -0.12 EPS for the current fiscal year.

Institutional Trading of Yext

Several hedge funds have recently made changes to their positions in YEXT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of 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 purchased a new stake in Yext in the 1st quarter valued at approximately $3,964,000. Strs Ohio acquired a new position in Yext during the 1st quarter worth approximately $562,000. Rhumbline Advisers increased its position in Yext by 4.7% during the 1st quarter. Rhumbline Advisers now owns 155,596 shares of the company’s stock worth $958,000 after purchasing an additional 7,047 shares during the period. Finally, Voya Investment Management LLC raised its stake in shares of Yext by 4.5% during the 1st quarter. Voya Investment Management LLC now owns 500,922 shares of the company’s stock worth $3,086,000 after buying an additional 21,389 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

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.