Yext Inc. (YEXT) Downgraded by BidaskClub

Yext Inc. (NYSE:YEXT) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

Other equities research analysts have also issued research reports about the stock. Royal Bank Of Canada reissued a “buy” rating and set a $18.00 price objective on shares of Yext in a research note on Friday, September 22nd. Piper Jaffray Companies reissued a “buy” rating and set a $17.00 price objective on shares of Yext in a research note on Monday, August 28th. Finally, Zacks Investment Research raised shares of Yext from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Yext presently has a consensus rating of “Hold” and a consensus price target of $16.25.

Yext (YEXT) opened at 12.13 on Thursday. The company’s market cap is $1.09 billion. Yext has a 52-week low of $11.92 and a 52-week high of $15.11. The stock’s 50 day moving average is $13.12 and its 200-day moving average is $13.33.

Yext (NYSE:YEXT) last posted its quarterly earnings data on Wednesday, September 6th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.04). The company had revenue of $40.77 million for the quarter, compared to analyst estimates of $40.30 million. During the same quarter in the prior year, the firm earned ($0.22) earnings per share. Yext’s quarterly revenue was up 37.9% compared to the same quarter last year. Equities research analysts predict that Yext will post ($0.51) EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada bought a new position in shares of Yext in the second quarter worth approximately $100,000. Cubist Systematic Strategies LLC bought a new position in shares of Yext in the second quarter worth approximately $146,000. Rhumbline Advisers bought a new position in shares of Yext in the second quarter worth approximately $164,000. Alliancebernstein L.P. bought a new position in shares of Yext in the second quarter worth approximately $172,000. Finally, New York State Common Retirement Fund bought a new position in shares of Yext in the second quarter worth approximately $173,000. Hedge funds and other institutional investors own 29.18% of the company’s stock.

About Yext

Yext Inc is a knowledge engine provider. Yext puts business on the map. The Yext Knowledge Engine enables companies to manage their digital knowledge in the cloud and sync it to over 100 services in the PowerListings Network, including Apple Maps, Bing, Cortana, Facebook, Google, Google Maps, Instagram, Siri and Yelp.

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