Yext (NYSE:YEXT – Get Free Report) has received an average recommendation of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $7.50.
YEXT has been the topic of a number of research analyst reports. Roth Mkm downgraded Yext from a “buy” rating to a “neutral” rating and reduced their target price for the company from $9.50 to $6.00 in a research report on Wednesday, March 11th. B. Riley Financial reduced their target price on Yext from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. Weiss Ratings upgraded Yext from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday. Wall Street Zen downgraded Yext from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Finally, DA Davidson restated a “neutral” rating and issued a $6.00 target price on shares of Yext in a research report on Wednesday, March 11th.
View Our Latest Report on Yext
Insider Activity
Institutional Investors Weigh In On Yext
Institutional investors and hedge funds have recently modified their holdings of the company. Clearstead Advisors LLC raised its holdings in shares of Yext by 147.1% in the 4th quarter. Clearstead Advisors LLC now owns 4,677 shares of the company’s stock valued at $38,000 after buying an additional 2,784 shares during the period. New York State Teachers Retirement System raised its holdings in shares of Yext by 9,253.0% in the 1st quarter. New York State Teachers Retirement System now owns 9,353 shares of the company’s stock valued at $36,000 after buying an additional 9,253 shares during the period. Gamco Investors INC. ET AL purchased a new stake in shares of Yext in the 1st quarter valued at $38,000. Landscape Capital Management L.L.C. purchased a new stake in shares of Yext in the 4th quarter valued at $82,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Yext during the 3rd quarter worth $90,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.
Yext Stock Performance
Shares of Yext stock opened at $3.88 on Monday. Yext has a one year low of $3.27 and a one year high of $9.20. The company has a market cap of $388.47 million, a price-to-earnings ratio of 55.36 and a beta of 1.16. The company has a debt-to-equity ratio of 6.03, a quick ratio of 1.07 and a current ratio of 0.79. The business’s 50 day moving average price is $3.81 and its 200 day moving average price is $5.88.
Yext (NYSE:YEXT – Get Free Report) last announced its quarterly earnings data on Tuesday, June 2nd. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. Yext had a return on equity of 43.47% and a net margin of 8.93%.The firm had revenue of $107.92 million for the quarter, compared to the consensus estimate of $110.70 million. During the same quarter last year, the business posted $0.13 earnings per share. The firm’s revenue was down 1.4% compared to the same quarter last year. On average, research analysts predict that Yext will post 0.31 EPS for the current year.
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.
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