Yext (NYSE:YEXT - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday.
A number of other analysts have also weighed in on YEXT. DA Davidson reissued a "neutral" rating and issued a $6.00 price objective on shares of Yext in a research report on Wednesday, March 11th. Weiss Ratings lowered shares of Yext from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday, March 2nd. Roth Mkm lowered shares of Yext from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $9.50 to $6.00 in a research report on Wednesday, March 11th. Finally, B. Riley Financial reduced their price objective on shares of Yext from $10.00 to $8.00 and set a "buy" rating on the stock in a research report on Tuesday, March 10th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Yext has an average rating of "Hold" and an average price target of $7.50.
Check Out Our Latest Stock Analysis on Yext
Yext Stock Performance
Yext stock opened at $3.85 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.07 and a quick ratio of 1.07. Yext has a 1-year low of $3.29 and a 1-year high of $9.20. The firm has a market capitalization of $474.28 million, a P/E ratio of 64.09 and a beta of 1.19. The company's 50-day moving average is $4.66 and its 200 day moving average is $6.79.
Yext (NYSE:YEXT - Get Free Report) last posted its quarterly earnings data on Monday, March 9th. The company reported $0.15 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.01. Yext had a net margin of 8.48% and a return on equity of 29.61%. The company had revenue of $112.00 million for the quarter, compared to analyst estimates of $114.21 million. During the same period in the prior year, the company posted $0.13 EPS. The firm's revenue for the quarter was down 1.0% on a year-over-year basis. Research analysts forecast that Yext will post 0.31 EPS for the current year.
Insider Buying and Selling
In other Yext news, CAO Allan Tang sold 10,000 shares of the company's stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $3.62, for a total value of $36,200.00. Following the transaction, the chief accounting officer directly owned 7,848 shares in the company, valued at $28,409.76. This represents a 56.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.20% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Yext
Hedge funds have recently added to or reduced their stakes in the stock. Clearstead Advisors LLC grew its stake in Yext by 147.1% in the 4th quarter. Clearstead Advisors LLC now owns 4,677 shares of the company's stock worth $38,000 after acquiring an additional 2,784 shares in the last quarter. State of Alaska Department of Revenue bought a new position in Yext in the 3rd quarter worth about $48,000. Pictet Asset Management Holding SA bought a new position in Yext in the 1st quarter worth about $59,000. Ground Swell Capital LLC bought a new position in Yext in the 1st quarter worth about $64,000. Finally, Landscape Capital Management L.L.C. bought a new position in Yext in the 4th quarter worth about $82,000. 70.98% of the stock is currently owned by institutional investors.
Yext Company Profile
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Get Free Report)
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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