Yext (NYSE:YEXT) Upgraded by Wall Street Zen to “Strong-Buy” Rating

Wall Street Zen upgraded shares of Yext (NYSE:YEXT) from a buy rating to a strong-buy rating in a research note published on Saturday morning.

A number of other analysts also recently issued reports on the company. Zacks Research downgraded Yext from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Needham & Company LLC reissued a “buy” rating and issued a $10.00 price objective on shares of Yext in a report on Monday, August 18th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Yext in a research note on Monday, November 24th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Yext presently has a consensus rating of “Hold” and an average target price of $9.44.

Yext Price Performance

YEXT opened at $8.90 on Friday. Yext has a 1 year low of $5.51 and a 1 year high of $9.20. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of -74.12 and a beta of 0.91. The firm’s fifty day moving average price is $8.46 and its two-hundred day moving average price is $8.34.

Yext (NYSE:YEXT) last announced its earnings results on Monday, September 8th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.09). Yext had a return on equity of 4.90% and a net margin of 1.66%.The business had revenue of $113.09 million during the quarter, compared to analysts’ expectations of $111.24 million. During the same quarter in the previous year, the firm earned $0.05 EPS. Yext’s quarterly revenue was up 15.5% on a year-over-year basis. As a group, analysts anticipate that Yext will post -0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Yext

A number of institutional investors and hedge funds have recently made changes to their positions in the business. New Age Alpha Advisors LLC bought a new stake in shares of Yext in the 1st quarter worth approximately $43,000. State of Alaska Department of Revenue purchased a new position in Yext in the 3rd quarter worth $48,000. Martingale Asset Management L P boosted its position in Yext by 16.4% during the first quarter. Martingale Asset Management L P now owns 14,209 shares of the company’s stock valued at $88,000 after buying an additional 2,002 shares during the period. Ieq Capital LLC bought a new position in shares of Yext during the first quarter valued at about $90,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Yext during the third quarter valued at about $90,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

About Yext

Yext, Inc organizes business facts to provide answers to consumer questions in North America and internationally. It operates Yext platform, a cloud-based platform that allows its customers to offer answers to consumer questions, to control the facts about their businesses and the content of their landing pages, and to manage their consumer reviews; and provides customers to update their information and content through its publisher network of maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks, as well as professional services.