Yext (NYSE:YEXT) Cut to Hold at Wall Street Zen

Key Points

• Wall Street Zen downgraded Yext from "buy" to "hold" and several brokers have trimmed ratings or targets; the consensus on MarketBeat is a Hold with an average price target of $7.50.
• Shares opened at $4.10 (52‑week range $3.29–$9.20) with a market cap of about $410M and a P/E of ~68; the company beat EPS ($0.15 vs. $0.14) but missed revenue ($112M vs. $114.2M), and the 50‑day SMA ($4.52) sits below the 200‑day ($6.65).
• CAO Allan Tang sold 10,000 shares in April (cutting his stake by 56%); insiders own 5.20% while institutional investors hold roughly 70.98% after several funds adjusted positions.

Yext (NYSE:YEXT - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Sunday.

A number of other analysts have also weighed in on YEXT. Roth Mkm lowered Yext from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $9.50 to $6.00 in a report on Wednesday, March 11th. DA Davidson restated a "neutral" rating and set a $6.00 target price on shares of Yext in a report on Wednesday, March 11th. Weiss Ratings lowered Yext from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday, March 2nd. Finally, B. Riley Financial lowered their target price on Yext from $10.00 to $8.00 and set a "buy" rating for the company in a report on Tuesday, March 10th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Yext currently has an average rating of "Hold" and an average price target of $7.50.

Yext Price Performance

Shares of Yext stock opened at $4.10 on Friday. Yext has a 52 week low of $3.29 and a 52 week high of $9.20. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.61. The stock's 50-day simple moving average is $4.52 and its 200-day simple moving average is $6.65. The company has a market capitalization of $409.95 million, a price-to-earnings ratio of 68.26 and a beta of 1.14.

Yext (NYSE:YEXT - Get Free Report) last issued its quarterly earnings data on Monday, March 9th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.01. Yext had a return on equity of 29.61% and a net margin of 8.48%.The company had revenue of $112.00 million for the quarter, compared to analysts' expectations of $114.21 million. During the same period in the previous year, the firm posted $0.13 earnings per share. The firm's revenue for the quarter was down 1.0% on a year-over-year basis. As a group, analysts expect that Yext will post 0.31 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Allan Tang sold 10,000 shares of the firm's stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $3.62, for a total transaction of $36,200.00. Following the completion of the transaction, the chief accounting officer owned 7,848 shares of the company's stock, valued at $28,409.76. This trade represents a 56.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Yext

Several hedge funds and other institutional investors have recently added to or reduced their stakes in YEXT. New York State Teachers Retirement System grew its position in shares of Yext by 9,253.0% during the 1st quarter. New York State Teachers Retirement System now owns 9,353 shares of the company's stock valued at $36,000 after acquiring an additional 9,253 shares during the period. Clearstead Advisors LLC grew its position in shares of Yext by 147.1% during the 4th quarter. Clearstead Advisors LLC now owns 4,677 shares of the company's stock valued at $38,000 after acquiring an additional 2,784 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of Yext during the 3rd quarter valued at about $48,000. Able Wealth Management LLC acquired a new stake in shares of Yext during the 1st quarter valued at about $48,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Yext during the 1st quarter valued at about $49,000. 70.98% of the stock is owned by institutional investors and hedge funds.

About Yext

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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