Yext (NYSE:YEXT) Upgraded by Wall Street Zen to "Strong-Buy" Rating

Key Points

• Wall Street Zen upgraded Yext to “strong-buy” from “hold,” but the broader analyst consensus remains “Reduce,” with five Hold ratings, one Sell rating and a $6.33 average price target.
• Yext shares opened at $6.51, up 1.1%, and have risen above their 50-day and 200-day moving averages. The company recently reported quarterly EPS of $0.21, beating estimates, while revenue of $111.1 million declined 1.8% year over year.
• Company directors made significant purchases of Yext shares, increasing their holdings, while institutional investors and hedge funds own approximately 70.98% of the stock.

Yext (NYSE:YEXT - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "strong-buy" rating in a report issued on Saturday, Wall Street Zen reports.

Several other brokerages have also recently issued reports on YEXT. B Riley reaffirmed a "neutral" rating on shares of Yext in a report on Wednesday. Zacks Research lowered Yext from a "strong-buy" rating to a "hold" rating in a report on Monday, August 17th. Weiss Ratings restated a "sell (d+)" rating on shares of Yext in a research report on Monday. Finally, B. Riley Financial lifted their price target on Yext from $5.00 to $7.00 and gave the stock a "neutral" rating in a research note on Wednesday. Five equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Yext currently has a consensus rating of "Reduce" and a consensus price target of $6.33.

Yext Trading Up 1.1%

Shares of Yext stock opened at $6.51 on Friday. The company has a 50-day moving average of $5.69 and a two-hundred day moving average of $4.79. Yext has a 12-month low of $3.27 and a 12-month high of $9.19. The company has a current ratio of 0.83, a quick ratio of 0.79 and a debt-to-equity ratio of 4.14. The stock has a market cap of $644.35 million, a PE ratio of 38.29 and a beta of 1.15.

Yext (NYSE:YEXT - Get Free Report) last announced its quarterly earnings results on Tuesday, September 1st. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.17 by $0.04. The business had revenue of $111.10 million for the quarter, compared to analyst estimates of $111.30 million. Yext had a return on equity of 43.23% and a net margin of 5.90%.The company's quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.13 EPS. On average, research analysts anticipate that Yext will post 0.41 EPS for the current fiscal year.

Insider Activity at Yext

In related news, Director Seth H. Waugh bought 133,000 shares of the stock in a transaction on Thursday, June 11th. The shares were purchased at an average price of $3.75 per share, for a total transaction of $498,750.00. Following the acquisition, the director owned 319,411 shares in the company, valued at $1,197,791.25. This represents a 71.35% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Daniel J. Englander purchased 76,190 shares of the company's stock in a transaction on Monday, July 13th. The shares were bought 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 of the company's stock, valued at $737,011.80. This represents a 117.22% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 7.80% of the company's stock.

Institutional Trading of Yext

Large investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio acquired a new position in Yext in the 2nd quarter valued at about $31,000. New York State Teachers Retirement System lifted its holdings in Yext by 9,253.0% in the 1st quarter. New York State Teachers Retirement System now owns 9,353 shares of the company's stock valued at $36,000 after purchasing an additional 9,253 shares in the last quarter. Clearstead Advisors LLC boosted its stake in shares of Yext by 147.1% during the 4th quarter. Clearstead Advisors LLC now owns 4,677 shares of the company's stock worth $38,000 after purchasing an additional 2,784 shares during the last quarter. Gamco Investors INC. ET AL acquired a new stake in shares of Yext during the 1st quarter worth about $38,000. Finally, Legal & General Group Plc purchased a new stake in shares of Yext during the second quarter worth about $39,000. Institutional investors and hedge funds own 70.98% of the company's stock.

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.

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