Yext (NYSE:YEXT) Upgraded to Strong-Buy at Wall Street Zen

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

A number of other analysts have also issued reports on the company. Zacks Research lowered Yext from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. B Riley restated a “neutral” rating on shares of Yext in a research report on Wednesday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Yext in a research note on Monday, August 31st. Finally, B. Riley Financial lifted their price objective on Yext from $5.00 to $7.00 and gave the company a “neutral” rating in a research note on Wednesday. Five investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $6.33.

Yext Trading Up 1.1%

Shares of YEXT stock opened at $6.51 on Friday. Yext has a 1-year low of $3.27 and a 1-year high of $9.19. The firm has a market cap of $644.36 million, a PE ratio of 38.29 and a beta of 1.15. The company has a 50-day moving average of $5.69 and a two-hundred day moving average of $4.79. The company has a debt-to-equity ratio of 4.14, a current ratio of 0.83 and a quick ratio of 0.79.

Yext (NYSE:YEXT) last released its quarterly earnings results on Tuesday, September 1st. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. Yext had a net margin of 5.90% and a return on equity of 43.23%. The business had revenue of $111.10 million for the quarter, compared to the consensus estimate of $111.30 million. During the same period in the previous year, the firm earned $0.13 EPS. The business’s revenue was down 1.8% on a year-over-year basis. On average, analysts predict that Yext will post 0.46 EPS for the current year.

Insider Buying and Selling

In other Yext news, Director Daniel Englander bought 76,190 shares of the business’s stock in a transaction that occurred on Monday, July 13th. The shares were purchased at an average cost of $5.22 per share, with a total value of $397,711.80. Following the purchase, the director directly owned 141,190 shares in the company, valued at approximately $737,011.80. This represents a 117.22% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Seth Waugh bought 133,000 shares of Yext stock in a transaction on Thursday, June 11th. The shares were acquired at an average price of $3.75 per share, for a total transaction of $498,750.00. Following the completion of the acquisition, the director owned 319,411 shares in the company, valued at $1,197,791.25. This represents a 71.35% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 7.80% of the company’s stock.

Institutional Trading of Yext

Hedge funds have recently modified their holdings of the stock. Lead Edge Capital Management LLC purchased a new stake in Yext during the 2nd quarter worth about $36,628,192. BlackRock Inc. purchased a new position in shares of Yext in the 2nd quarter valued at about $34,536,000. Lynrock Lake LP boosted its stake in shares of Yext by 23.3% in the 4th quarter. Lynrock Lake LP now owns 15,132,384 shares of the company’s stock valued at $121,967,000 after buying an additional 2,861,653 shares during the period. Hudson Bay Capital Management LP grew its position in shares of Yext by 126.2% during the fourth quarter. Hudson Bay Capital Management LP now owns 2,952,453 shares of the company’s stock worth $23,797,000 after buying an additional 1,647,174 shares in the last quarter. Finally, OP Asset Management Ltd acquired a new position in shares of Yext during the first quarter worth about $3,915,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Yext Company Profile

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.