Yext (NYSE:YEXT) Downgraded by Wall Street Zen to “Hold”

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

YEXT has been the subject of several other reports. DA Davidson reaffirmed a “neutral” rating and set a $6.00 price objective on shares of Yext in a research report on Wednesday, March 11th. Weiss Ratings lowered Yext from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 2nd. Roth Mkm cut Yext from a “buy” rating to a “neutral” rating and cut their target price for the company from $9.50 to $6.00 in a research note on Wednesday, March 11th. Finally, B. Riley Financial reduced their price target on Yext from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Yext has an average rating of “Hold” and an average target price of $7.50.

Yext Trading Down 0.5%

Shares of NYSE:YEXT opened at $5.24 on Friday. The firm has a market cap of $645.74 million, a price-to-earnings ratio of 87.26 and a beta of 1.01. Yext has a 12 month low of $4.66 and a 12 month high of $9.20. The company’s fifty day simple moving average is $6.34 and its 200 day simple moving average is $7.75. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.61.

Yext (NYSE:YEXT) last announced its earnings results on Monday, March 9th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The firm had revenue of $112.00 million during the quarter, compared to analyst estimates of $114.21 million. Yext had a net margin of 8.48% and a return on equity of 29.61%. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.13 EPS. As a group, research analysts forecast that Yext will post -0.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Yext

A number of large investors have recently modified their holdings of YEXT. Invesco Ltd. grew its holdings in shares of Yext by 13.6% in the 4th quarter. Invesco Ltd. now owns 187,106 shares of the company’s stock valued at $1,508,000 after acquiring an additional 22,471 shares in the last quarter. Lynrock Lake LP raised its holdings in Yext by 23.3% during the fourth quarter. Lynrock Lake LP now owns 15,132,384 shares of the company’s stock worth $121,967,000 after acquiring an additional 2,861,653 shares in the last quarter. XTX Topco Ltd raised its holdings in Yext by 24.0% during the fourth quarter. XTX Topco Ltd now owns 165,189 shares of the company’s stock worth $1,331,000 after acquiring an additional 32,010 shares in the last quarter. SummitTX Capital L.P. bought a new position in Yext in the fourth quarter valued at approximately $724,000. Finally, Quadrature Capital Ltd grew its stake in Yext by 331.6% in the fourth quarter. Quadrature Capital Ltd now owns 54,362 shares of the company’s stock valued at $438,000 after purchasing an additional 41,768 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

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.