Yext (NYSE:YEXT) Stock Rating Lowered by Zacks Research

Key Points

• Zacks Research downgraded Yext from “strong buy” to “hold.” The broader analyst consensus is also “Hold,” with a consensus price target of $6.67.
• Yext shares opened at $6.03, with a market capitalization of about $604 million and a 52-week trading range of $3.27 to $9.20.
• Company insiders recently made significant purchases, including directors Seth H. Waugh and Daniel J. Englander, while institutional investors and hedge funds own approximately 70.98% of the stock.

Yext (NYSE:YEXT - Get Free Report) was downgraded by investment analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a report released on Monday,Zacks.com reports.

A number of other equities analysts have also recently weighed in on the company. Weiss Ratings upgraded Yext from a "sell (d)" rating to a "sell (d+)" rating in a report on Wednesday, June 3rd. Wall Street Zen cut shares of Yext from a "buy" rating to a "hold" rating in a research report on Sunday, May 3rd. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Yext currently has an average rating of "Hold" and a consensus price target of $6.67.

Yext Price Performance

YEXT stock opened at $6.03 on Monday. The company has a debt-to-equity ratio of 6.03, a quick ratio of 0.79 and a current ratio of 0.79. Yext has a 1 year low of $3.27 and a 1 year high of $9.20. The firm has a market cap of $604.01 million, a P/E ratio of 86.07 and a beta of 1.13. The stock has a 50-day simple moving average of $5.03 and a 200-day simple moving average of $4.70.

Insider Activity

In other Yext news, Director Seth H. Waugh acquired 133,000 shares of the company's stock in a transaction on Thursday, June 11th. The shares were bought at an average cost of $3.75 per share, for a total transaction of $498,750.00. Following the acquisition, the director directly owned 319,411 shares of the company's stock, valued at $1,197,791.25. This trade represents a 71.35% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel J. Englander bought 76,190 shares of the business's stock in a transaction on Monday, July 13th. The stock was acquired at an average cost of $5.22 per share, for a total transaction of $397,711.80. Following the completion of the transaction, the director owned 141,190 shares in the company, valued at $737,011.80. This represents a 117.22% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 7.80% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in YEXT. Haven Private LLC increased its stake in shares of Yext by 3.3% in the fourth quarter. Haven Private LLC now owns 59,248 shares of the company's stock valued at $478,000 after purchasing an additional 1,886 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Yext by 6.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,232 shares of the company's stock worth $266,000 after purchasing an additional 2,016 shares during the period. Clearstead Advisors LLC grew its position in Yext by 147.1% in the 4th quarter. Clearstead Advisors LLC now owns 4,677 shares of the company's stock valued at $38,000 after buying an additional 2,784 shares in the last quarter. Creative Planning grew its position in Yext by 29.5% in the 3rd quarter. Creative Planning now owns 16,651 shares of the company's stock valued at $142,000 after buying an additional 3,789 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in Yext by 2.9% during the 2nd quarter. Rhumbline Advisers now owns 160,040 shares of the company's stock valued at $1,360,000 after buying an additional 4,444 shares during the period. 70.98% of the stock is owned by institutional investors and hedge funds.

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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