Yext (NYSE:YEXT) Lowered to "Buy" Rating by Wall Street Zen

Key Points

• Yext has been downgraded from a "strong-buy" to a "buy" rating by Wall Street Zen, reflecting a shift in analyst sentiment regarding the company's performance.
• Several analysts have maintained positive outlooks on Yext, with a consensus rating of "Moderate Buy" and a target price of $9.44 from various reports.
• The stock's recent trading performance shows a slight decline of 0.5%, and Yext has a market capitalization of $1.11 billion.

Wall Street Zen cut shares of Yext (NYSE:YEXT - Free Report) from a strong-buy rating to a buy rating in a report issued on Saturday morning.

YEXT has been the topic of several other reports. DA Davidson boosted their price target on Yext from $7.50 to $8.25 and gave the stock a "neutral" rating in a report on Thursday, June 5th. B. Riley upgraded Yext from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $7.00 to $10.00 in a research report on Wednesday, June 4th. Zacks Research downgraded Yext from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Finally, Needham & Company LLC restated a "buy" rating and set a $10.00 price objective on shares of Yext in a research report on Monday, August 18th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Yext currently has an average rating of "Moderate Buy" and a consensus target price of $9.44.

Yext Stock Performance

Shares of NYSE:YEXT traded down $0.13 during midday trading on Friday, hitting $8.96. 1,150,356 shares of the stock were exchanged, compared to its average volume of 858,641. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of -49.76 and a beta of 1.01. The business's 50-day moving average price is $8.36 and its 200 day moving average price is $7.28. Yext has a 12 month low of $4.73 and a 12 month high of $9.20.

Institutional Investors Weigh In On Yext

Hedge funds have recently added to or reduced their stakes in the business. New Age Alpha Advisors LLC bought a new stake in Yext in the first quarter worth approximately $43,000. Optas LLC bought a new stake in Yext in the 1st quarter valued at about $71,000. 111 Capital bought a new stake in Yext in the 2nd quarter valued at about $100,000. Creative Planning bought a new stake in Yext in the 2nd quarter valued at about $109,000. Finally, Martingale Asset Management L P increased its position in Yext by 16.4% in the 1st quarter. Martingale Asset Management L P now owns 14,209 shares of the company's stock valued at $88,000 after buying an additional 2,002 shares in the last quarter. 70.98% of the stock is currently owned by 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.