Shares of Yext (NYSE:YEXT – Get Free Report) have been assigned a consensus recommendation of “Hold” from the five research firms that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $6.33.
A number of equities research analysts have recently weighed in on YEXT shares. B. Riley Financial reaffirmed a “neutral” rating on shares of Yext in a research note on Wednesday, September 2nd. Weiss Ratings upgraded shares of Yext from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, September 28th. Wall Street Zen raised shares of Yext from a “hold” rating to a “strong-buy” rating in a research note on Saturday, September 5th. Finally, Zacks Research downgraded shares of Yext from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th.
Read Our Latest Report on Yext
Yext Stock Performance
Yext (NYSE:YEXT – Get Free Report) last issued its quarterly earnings data 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 company’s quarterly revenue was down 1.8% compared to the same quarter last year. As a group, research analysts expect that Yext will post 0.46 earnings per share for the current year.
Insider Activity at Yext
In other news, Director Daniel Englander bought 76,190 shares of Yext stock in a transaction on Monday, July 13th. The shares were purchased at an average price of $5.22 per share, for a total transaction of $397,711.80. Following the acquisition, the director owned 141,190 shares of the company’s stock, valued at approximately $737,011.80. The trade was a 117.22% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Ho Shin sold 30,000 shares of the stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $6.39, for a total value of $191,700.00. Following the completion of the transaction, the general counsel directly owned 289,269 shares of the company’s stock, valued at $1,848,428.91. This represents a 9.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 7.80% of the company’s stock.
Institutional Investors Weigh In On Yext
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership lifted its position in Yext by 0.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,309,665 shares of the company’s stock valued at $5,029,000 after buying an additional 6,395 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of Yext during the 2nd quarter valued at $31,000. Legal & General Group Plc bought a new stake in shares of Yext during the 2nd quarter valued at $39,000. New York State Teachers Retirement System boosted its holdings in shares of Yext by 9,253.0% during 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 in the last quarter. Finally, Gamco Investors INC. ET AL purchased a new stake in shares of Yext in the 1st quarter worth about $38,000. 70.98% of the stock is owned by hedge funds and other institutional investors.
About Yext
Yext, Inc is a software company that helps businesses manage and optimize their digital information across websites, search engines, maps, social networks and other online services. Its platform is designed to give organizations greater control over how information about their locations, products, services and people is presented to customers.
The company’s offerings include tools for managing business listings, developing website pages, monitoring and responding to reviews, and providing search experiences for websites and other digital channels.
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