Yext (NYSE:YEXT) Cut to Neutral at Roth Mkm

Roth Mkm downgraded shares of Yext (NYSE:YEXT) from a buy rating to a neutral rating in a research report report published on Wednesday, MarketBeat.com reports. The brokerage currently has $6.00 price objective on the stock, down from their prior price objective of $9.50.

Other research analysts have also issued research reports about the company. B. Riley Financial cut their price target on Yext from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Tuesday. Wall Street Zen upgraded Yext from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Weiss Ratings lowered Yext from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 2nd. Finally, DA Davidson reduced their price target on shares of Yext from $8.25 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday, February 4th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $7.50.

Yext Trading Down 0.5%

YEXT opened at $5.24 on Wednesday. Yext has a 1-year low of $4.66 and a 1-year high of $9.20. The company has a current ratio of 1.07, a quick ratio of 1.09 and a debt-to-equity ratio of 0.61. The company has a market cap of $645.74 million, a P/E ratio of 87.26 and a beta of 1.01. The company has a fifty day moving average price of $6.34 and a two-hundred day moving average price of $7.77.

Yext (NYSE:YEXT) last released its quarterly earnings data on Monday, March 9th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The company had revenue of $112.00 million for 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%. The business’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.13 EPS. Analysts predict that Yext will post -0.12 EPS for the current fiscal year.

Institutional Trading of Yext

Several institutional investors and hedge funds have recently modified their holdings of YEXT. Hillsdale Investment Management Inc. boosted its position in shares of Yext by 33.8% during the third quarter. Hillsdale Investment Management Inc. now owns 791,130 shares of the company’s stock valued at $6,740,000 after buying an additional 199,730 shares during the last quarter. Cetera Investment Advisers purchased a new stake in Yext in the 2nd quarter valued at $1,413,000. Alberta Investment Management Corp purchased a new stake in Yext in the 3rd quarter valued at $852,000. Magnetar Financial LLC bought a new position in Yext during the 2nd quarter valued at $426,000. Finally, Acadian Asset Management LLC lifted its stake in Yext by 18.8% during the 2nd quarter. Acadian Asset Management LLC now owns 730,703 shares of the company’s stock valued at $6,205,000 after acquiring an additional 115,850 shares in the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

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.