Yext (NYSE:YEXT) Hits New 52-Week Low – Time to Sell?

Yext (NYSE:YEXT)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as $5.42 and last traded at $5.4450, with a volume of 5330249 shares trading hands. The stock had previously closed at $7.16.

Analysts Set New Price Targets

YEXT has been the subject of a number of research reports. Wall Street Zen raised shares of Yext from a “hold” rating to a “buy” rating in a report on Sunday, January 18th. Weiss Ratings lowered shares of Yext from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, December 29th. Finally, DA Davidson cut their target price on Yext from $8.25 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Yext currently has an average rating of “Hold” and an average price target of $8.88.

Yext Stock Performance

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 stock has a market cap of $614.38 million, a P/E ratio of -500.50 and a beta of 0.98. The company’s 50 day moving average price is $7.92 and its 200-day moving average price is $8.30.

Yext (NYSE:YEXT) last issued its quarterly 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. Yext had a return on equity of 18.57% and a net margin of 5.89%.The firm had revenue of $112.00 million for the quarter, compared to analysts’ expectations of $113.07 million. During the same quarter in the prior year, the firm earned $0.12 EPS. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. Equities analysts forecast that Yext will post -0.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Yext

Several institutional investors have recently added to or reduced their stakes in YEXT. Haven Private LLC grew its stake in shares of Yext by 2.7% in the third quarter. Haven Private LLC now owns 57,362 shares of the company’s stock worth $489,000 after purchasing an additional 1,507 shares during the last quarter. Strs Ohio lifted its holdings in Yext by 2.7% in the 3rd quarter. Strs Ohio now owns 77,200 shares of the company’s stock worth $658,000 after buying an additional 2,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Yext by 6.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,232 shares of the company’s stock valued at $266,000 after buying an additional 2,016 shares during the period. Neuberger Berman Group LLC raised its holdings in shares of Yext by 15.3% during the third quarter. Neuberger Berman Group LLC now owns 24,770 shares of the company’s stock valued at $211,000 after acquiring an additional 3,292 shares in the last quarter. Finally, Creative Planning lifted its stake in Yext by 29.5% in the third quarter. Creative Planning now owns 16,651 shares of the company’s stock worth $142,000 after acquiring an additional 3,789 shares during the period. Hedge funds and other institutional investors 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.