Yext (NYSE:YEXT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Yext (NYSE:YEXT) from a hold rating to a strong-buy rating in a report released on Saturday,Wall Street Zen reports.

A number of other brokerages also recently commented on YEXT. B Riley reissued a “neutral” rating on shares of Yext in a research note on Wednesday, September 2nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Yext in a report on Monday, August 31st. B. Riley Financial boosted their price target on Yext from $5.00 to $7.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 2nd. Finally, Zacks Research cut Yext from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Five equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $6.33.

Yext Stock Performance

NYSE YEXT opened at $6.51 on Friday. Yext has a one year low of $3.27 and a one year high of $9.19. The company has a debt-to-equity ratio of 4.14, a quick ratio of 0.83 and a current ratio of 0.83. The company has a market capitalization of $644.36 million, a price-to-earnings ratio of 38.29 and a beta of 1.15. The company’s 50-day simple moving average is $5.73 and its two-hundred day simple moving average is $4.79.

Yext (NYSE:YEXT) last announced its quarterly earnings results on Tuesday, September 1st. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.04. Yext had a net margin of 5.90% and a return on equity of 43.23%. The firm had revenue of $111.10 million during the quarter, compared to analysts’ expectations of $111.30 million. During the same quarter in the prior year, the company earned $0.13 EPS. The company’s revenue was down 1.8% compared to the same quarter last year. Equities analysts forecast that Yext will post 0.46 EPS for the current fiscal year.

Insider Activity at Yext

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Yext by 1.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 420,951 shares of the company’s stock valued at $2,593,000 after buying an additional 4,802 shares during the last quarter. Millennium Management LLC purchased a new stake in shares of Yext during the first quarter worth about $3,964,000. Creative Planning purchased a new stake in shares of Yext during the second quarter worth about $109,000. Rhumbline Advisers increased its holdings in shares of Yext by 2.9% during the second quarter. Rhumbline Advisers now owns 160,040 shares of the company’s stock valued at $1,360,000 after acquiring an additional 4,444 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Yext by 35.9% during the second quarter. American Century Companies Inc. now owns 222,726 shares of the company’s stock valued at $1,893,000 after acquiring an additional 58,859 shares in the last quarter. 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.