Yext (NYSE:YEXT) Lowered to “Hold” Rating by Zacks Research

Zacks Research cut shares of Yext (NYSE:YEXT) from a strong-buy rating to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

Several other analysts also recently weighed in on YEXT. Wall Street Zen downgraded Yext from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Weiss Ratings upgraded shares of Yext from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $6.67.

Yext Price Performance

YEXT opened at $6.03 on Monday. The business has a fifty day moving average of $5.03 and a 200 day moving average of $4.70. The stock has a market cap of $604.01 million, a P/E ratio of 86.07 and a beta of 1.13. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 6.03. Yext has a 52-week low of $3.27 and a 52-week high of $9.20.

Insider Activity at Yext

In other news, Director Daniel J. Englander bought 76,190 shares of the firm’s stock in a transaction on Monday, July 13th. The stock was acquired at an average cost of $5.22 per share, with a total value of $397,711.80. Following the transaction, the director directly owned 141,190 shares in the company, valued at approximately $737,011.80. This trade represents a 117.22% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Seth H. Waugh bought 133,000 shares of the stock in a transaction on Thursday, June 11th. The stock was purchased at an average price of $3.75 per share, with a total value of $498,750.00. Following the completion of the acquisition, the director directly owned 319,411 shares in the company, valued at approximately $1,197,791.25. This trade represents a 71.35% increase in their position. The disclosure for this purchase is available in the SEC filing. 7.80% of the stock is owned by corporate insiders.

Institutional Trading of Yext

Several institutional investors and hedge funds have recently made changes to their positions in YEXT. OP Asset Management Ltd purchased a new position in Yext in the first quarter valued at about $3,915,000. Pacer Advisors Inc. purchased a new stake in shares of Yext during the first quarter valued at about $1,503,000. Dimensional Fund Advisors LP boosted its holdings in shares of Yext by 21.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,131,636 shares of the company’s stock valued at $8,185,000 after buying an additional 373,953 shares in the last quarter. Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Yext in the 4th quarter valued at about $1,814,000. Finally, NewEdge Wealth LLC purchased a new position in shares of Yext in the 4th quarter worth approximately $1,458,000. 70.98% of the stock is currently owned by institutional investors.

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.