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 research note released on Sunday morning.

Separately, Weiss Ratings cut shares of Yext from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, December 29th. Three research 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 data from MarketBeat.com, Yext presently has a consensus rating of “Hold” and a consensus target price of $9.44.

Yext Trading Up 1.1%

YEXT stock opened at $7.62 on Friday. Yext has a 12-month low of $5.51 and a 12-month high of $9.20. The business’s 50-day moving average is $8.29 and its 200 day moving average is $8.41. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.63. The stock has a market cap of $934.44 million, a price-to-earnings ratio of -761.24 and a beta of 0.96.

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

Institutional Investors Weigh In On Yext

Hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its stake in Yext by 7.1% during the second quarter. The Manufacturers Life Insurance Company now owns 5,595,447 shares of the company’s stock worth $47,561,000 after purchasing an additional 371,253 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Yext by 10.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,808,257 shares of the company’s stock worth $15,406,000 after buying an additional 178,338 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Yext by 8.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,354,835 shares of the company’s stock valued at $11,543,000 after buying an additional 106,197 shares during the period. Qube Research & Technologies Ltd lifted its holdings in Yext by 38.9% in the third quarter. Qube Research & Technologies Ltd now owns 1,330,133 shares of the company’s stock valued at $11,333,000 after acquiring an additional 372,175 shares during the last quarter. Finally, Hudson Bay Capital Management LP acquired a new position in Yext in the third quarter valued at approximately $11,121,000. 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.