Yext (NYSE:YEXT) Raised to Strong-Buy at Wall Street Zen

Yext (NYSE:YEXT) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

Several other analysts also recently weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $10.00 target price on shares of Yext in a report on Monday, August 18th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Yext in a report on Monday, November 24th. Finally, Zacks Research downgraded Yext from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $9.44.

Yext Stock Up 0.3%

NYSE YEXT opened at $8.90 on Friday. The business has a fifty day moving average price of $8.46 and a 200 day moving average price of $8.35. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $1.10 billion, a P/E ratio of -74.12 and a beta of 0.91. Yext has a one year low of $5.51 and a one year high of $9.20.

Yext (NYSE:YEXT) last announced its quarterly earnings data on Monday, September 8th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.09). Yext had a net margin of 1.66% and a return on equity of 4.90%. The business had revenue of $113.09 million for the quarter, compared to analysts’ expectations of $111.24 million. During the same period in the prior year, the company posted $0.05 EPS. The firm’s revenue was up 15.5% on a year-over-year basis. Research analysts anticipate that Yext will post -0.12 EPS for the current fiscal year.

Institutional Trading of Yext

Several institutional investors and hedge funds have recently added to or reduced their stakes in YEXT. New Age Alpha Advisors LLC acquired a new stake in Yext in the first quarter valued at $43,000. State of Alaska Department of Revenue purchased a new position in shares of Yext in the 3rd quarter valued at about $48,000. Martingale Asset Management L P lifted its stake in shares of Yext by 16.4% in the first quarter. Martingale Asset Management L P now owns 14,209 shares of the company’s stock valued at $88,000 after purchasing an additional 2,002 shares during the period. Ieq Capital LLC purchased a new stake in Yext during the first quarter worth about $90,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in Yext during the third quarter worth about $90,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

About Yext

Yext, Inc organizes business facts to provide answers to consumer questions in North America and internationally. It operates Yext platform, a cloud-based platform that allows its customers to offer answers to consumer questions, to control the facts about their businesses and the content of their landing pages, and to manage their consumer reviews; and provides customers to update their information and content through its publisher network of maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks, as well as professional services.