Yext (NYSE:YEXT) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen has upgraded Yext (NYSE:YEXT) from a "buy" rating to a "strong-buy" rating, indicating increased confidence in the company's growth potential.
• Generative AI advancements are driving Yext to raise its full-year guidance, highlighting the company's focus on technology to enhance its offerings.
• The current consensus rating for Yext among analysts is "Moderate Buy" with a target price of $9.44, suggesting positive investor sentiment toward the stock.

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

Other equities research analysts have also recently issued reports about the stock. Needham & Company LLC reissued a "buy" rating and set a $10.00 price target on shares of Yext in a research report on Monday, August 18th. Zacks Research cut shares of Yext from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. DA Davidson boosted their price target on shares of Yext from $7.50 to $8.25 and gave the stock a "neutral" rating in a research report on Thursday, June 5th. Finally, B. Riley raised shares of Yext from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $7.00 to $10.00 in a research report on Wednesday, June 4th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $9.44.

Yext Stock Up 2.4%

YEXT traded up $0.21 during trading on Friday, hitting $8.97. The company had a trading volume of 1,443,698 shares, compared to its average volume of 1,166,004. The company has a market capitalization of $1.11 billion, a PE ratio of -74.74 and a beta of 1.01. Yext has a one year low of $5.51 and a one year high of $9.20. The firm's 50-day moving average price is $8.49 and its 200 day moving average price is $7.47. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.64.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. State of Wyoming increased its stake in shares of Yext by 33.5% during the 2nd quarter. State of Wyoming now owns 68,881 shares of the company's stock worth $585,000 after purchasing an additional 17,276 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Yext by 197.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 15,261 shares of the company's stock worth $130,000 after purchasing an additional 10,134 shares during the last quarter. Lazard Asset Management LLC increased its stake in shares of Yext by 123.7% during the 2nd quarter. Lazard Asset Management LLC now owns 21,350 shares of the company's stock worth $181,000 after purchasing an additional 11,807 shares during the last quarter. HRT Financial LP increased its stake in shares of Yext by 80.7% during the 2nd quarter. HRT Financial LP now owns 217,402 shares of the company's stock worth $1,847,000 after purchasing an additional 97,082 shares during the last quarter. Finally, Engineers Gate Manager LP increased its stake in shares of Yext by 117.5% during the 2nd quarter. Engineers Gate Manager LP now owns 49,949 shares of the company's stock worth $425,000 after purchasing an additional 26,987 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

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.