DA Davidson Analysts Give Yext (NYSE:YEXT) a $6.00 Price Target

DA Davidson set a $6.00 target price on Yext (NYSE:YEXTGet Rating) in a report issued on Monday morning, Stock Target Advisor reports.

Several other research analysts also recently commented on YEXT. MKM Partners decreased their target price on shares of Yext from $17.00 to $8.00 and set a neutral rating on the stock in a research note on Thursday, March 10th. Truist Financial cut shares of Yext from a buy rating to a hold rating and cut their price target for the company from $17.00 to $6.00 in a report on Wednesday, March 9th. Finally, Needham & Company LLC cut shares of Yext from a buy rating to a hold rating in a report on Wednesday, March 9th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat, the company has an average rating of Hold and an average target price of $10.00.

Shares of NYSE YEXT opened at $5.23 on Monday. Yext has a 52 week low of $4.26 and a 52 week high of $15.11. The firm’s fifty day moving average is $5.40 and its 200 day moving average is $7.15. The company has a market cap of $646.37 million, a price-to-earnings ratio of -6.62 and a beta of 1.49.

Yext (NYSE:YEXTGet Rating) last issued its earnings results on Wednesday, June 8th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.01. Yext had a negative net margin of 25.53% and a negative return on equity of 49.72%. The company had revenue of $98.80 million for the quarter, compared to the consensus estimate of $96.71 million. During the same period in the previous year, the firm earned ($0.14) earnings per share. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, equities analysts predict that Yext will post -0.69 EPS for the current year.

In other news, CFO Darryl Bond sold 21,655 shares of the business’s stock in a transaction on Tuesday, June 21st. The shares were sold at an average price of $5.36, for a total transaction of $116,070.80. Following the sale, the chief financial officer now owns 82,154 shares in the company, valued at approximately $440,345.44. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Marc Ferrentino sold 16,486 shares of the business’s stock in a transaction on Tuesday, June 21st. The shares were sold at an average price of $5.36, for a total transaction of $88,364.96. Following the sale, the chief operating officer now owns 129,182 shares in the company, valued at approximately $692,415.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,947 shares of company stock worth $278,436. 12.40% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC boosted its holdings in shares of Yext by 204.4% during the 4th quarter. Acadian Asset Management LLC now owns 5,473 shares of the company’s stock valued at $54,000 after buying an additional 3,675 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in Yext in the 3rd quarter worth about $71,000. Bank of Montreal Can bought a new position in Yext in the 1st quarter worth about $75,000. Keybank National Association OH bought a new position in Yext in the 1st quarter worth about $82,000. Finally, Pinnacle Wealth Planning Services Inc. bought a new position in Yext in the 1st quarter worth about $85,000. Hedge funds and other institutional investors own 61.35% of the company’s stock.

About Yext (Get Rating)

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 provide answers to consumer questions, to control the facts about their businesses and the content of their landing pages, and to manage their consumer reviews, as well as provides customers to update their information and content through its knowledge network of approximately 200 maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks.

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Analyst Recommendations for Yext (NYSE:YEXT)

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