Weiss Ratings Reaffirms Sell (D) Rating for Yext (NYSE:YEXT)

Key Points

• Weiss Ratings has reaffirmed a "Sell (D)" rating for Yext (NYSE:YEXT), reflecting ongoing concerns about the company's stock performance.
• Several analysts have recently adjusted their ratings on Yext, with Zacks downgrading it to a "Hold," while Needham & Company maintains a "Buy" rating with a price target of $10.00.
• The stock currently trades at $8.44 with a market capitalization of $1.04 billion, and a consensus price target among analysts set at $9.44.

Yext (NYSE:YEXT - Get Free Report)'s stock had its "sell (d)" rating reissued by stock analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Several other equities research analysts also recently issued reports on YEXT. Zacks Research downgraded Yext from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Needham & Company LLC reiterated a "buy" rating and issued a $10.00 price objective on shares of Yext in a report on Monday, August 18th. Finally, Wall Street Zen upgraded Yext from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 13th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $9.44.

Yext Trading Up 1.0%

NYSE YEXT traded up $0.09 on Wednesday, reaching $8.44. 228,899 shares of the company were exchanged, compared to its average volume of 895,813. The business's fifty day moving average price is $8.57 and its 200 day moving average price is $7.69. The stock has a market capitalization of $1.04 billion, a P/E ratio of -70.29 and a beta of 0.92. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64. Yext has a fifty-two week low of $5.51 and a fifty-two week high of $9.20.

Hedge Funds Weigh In On Yext

Several hedge funds have recently bought and sold shares of the company. Lynrock Lake LP increased its position in Yext by 9.5% during the first quarter. Lynrock Lake LP now owns 11,680,363 shares of the company's stock worth $71,951,000 after buying an additional 1,009,285 shares in the last quarter. Millennium Management LLC purchased a new position in Yext during the first quarter worth $3,964,000. The Manufacturers Life Insurance Company increased its position in Yext by 13.3% during the first quarter. The Manufacturers Life Insurance Company now owns 5,224,194 shares of the company's stock worth $32,181,000 after buying an additional 614,960 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Yext by 57.6% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,629,919 shares of the company's stock worth $13,854,000 after buying an additional 595,819 shares in the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new position in Yext during the second quarter worth $5,027,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Yext Company Profile

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.

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