Yext (NYSE:YEXT) Shares Gap Down – Time to Sell?

Yext (NYSE:YEXT)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $7.16, but opened at $5.80. Yext shares last traded at $5.75, with a volume of 1,527,272 shares.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on YEXT. Wall Street Zen raised shares of Yext from a “hold” rating to a “buy” rating in a report on Sunday, January 18th. Weiss Ratings cut Yext from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, December 29th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $9.44.

Yext Stock Down 22.6%

The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market capitalization of $679.97 million, a PE ratio of -553.95 and a beta of 0.96. The firm has a fifty day simple moving average of $8.11 and a 200-day simple moving average of $8.37.

Yext (NYSE:YEXT) last released its earnings results on Monday, December 8th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. The firm had revenue of $112.00 million during the quarter, compared to analyst estimates of $113.07 million. Yext had a net margin of 5.89% and a return on equity of 18.57%. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.12 earnings per share. Equities research analysts anticipate that Yext will post -0.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Yext

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in YEXT. State of Alaska Department of Revenue purchased a new position in shares of Yext during the 3rd quarter valued at $48,000. Optas LLC bought a new stake in shares of Yext during the 4th quarter worth $88,000. Mercer Global Advisors Inc. ADV bought a new stake in Yext during the third quarter valued at about $90,000. CIBC Bancorp USA Inc. bought a new position in Yext in the 3rd quarter worth approximately $92,000. Finally, 111 Capital bought a new position in Yext during the second quarter worth $100,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

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.