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

Yext (NYSE:YEXT)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $4.57 and last traded at $4.5570, with a volume of 560213 shares traded. The stock had previously closed at $4.72.

Analysts Set New Price Targets

Several analysts recently weighed in on YEXT shares. B. Riley Financial reduced their target price on shares of Yext from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Weiss Ratings lowered shares of Yext from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, March 2nd. Roth Mkm downgraded shares of Yext from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $9.50 to $6.00 in a research note on Wednesday, March 11th. DA Davidson reiterated a “neutral” rating and set a $6.00 price target on shares of Yext in a research note on Wednesday, March 11th. Finally, Wall Street Zen downgraded Yext from a “buy” rating to a “hold” rating in a research report on Sunday, March 15th. Two 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’s stock. According to data from MarketBeat.com, Yext has a consensus rating of “Hold” and an average target price of $7.50.

Yext Price Performance

The firm has a market cap of $564.33 million, a price-to-earnings ratio of 76.26 and a beta of 1.01. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.07 and a current ratio of 1.07. The company’s fifty day moving average is $5.99 and its two-hundred day moving average is $7.58.

Yext (NYSE:YEXT) last posted its quarterly earnings results 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. Yext had a net margin of 8.48% and a return on equity of 29.61%. The company had revenue of $112.00 million for the quarter, compared to the consensus estimate of $114.21 million. During the same period last year, the firm posted $0.13 EPS. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. Equities research analysts forecast that Yext will post -0.12 EPS for the current year.

Hedge Funds Weigh In On Yext

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Clearstead Advisors LLC lifted its stake in Yext by 147.1% during the fourth quarter. Clearstead Advisors LLC now owns 4,677 shares of the company’s stock valued at $38,000 after buying an additional 2,784 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Yext in the third quarter worth approximately $48,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Yext during the fourth quarter valued at approximately $82,000. MQS Management LLC purchased a new stake in shares of Yext in the 4th quarter valued at approximately $86,000. Finally, Optas LLC acquired a new stake in Yext during the 4th quarter valued at $88,000. 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.