Yext Inc. (YEXT) Upgraded to “Hold” by BidaskClub
Yext Inc. (NYSE:YEXT) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Thursday.
Several other equities analysts also recently weighed in on YEXT. Zacks Investment Research upgraded shares of Yext from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Piper Jaffray Companies reiterated a “buy” rating and set a $17.00 price target on shares of Yext in a report on Monday, August 28th. Royal Bank Of Canada began coverage on shares of Yext in a report on Monday, May 15th. They set an “outperform” rating and a $18.00 price target for the company. Pacific Crest began coverage on shares of Yext in a report on Monday, May 15th. They set a “sector weight” rating for the company. Finally, Morgan Stanley began coverage on shares of Yext in a report on Monday, May 15th. They set an “equal weight” rating and a $14.00 price target for the company. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $16.25.
Yext (YEXT) opened at 12.29 on Thursday. The company’s 50-day moving average is $13.19 and its 200-day moving average is $13.37. The firm’s market capitalization is $1.11 billion. Yext has a 52-week low of $11.63 and a 52-week high of $15.11.
Yext (NYSE:YEXT) last posted its earnings results on Wednesday, September 6th. The company reported ($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by $0.04. The business had revenue of $40.77 million for the quarter, compared to analysts’ expectations of $40.30 million. During the same period in the prior year, the business earned ($0.22) EPS. The company’s quarterly revenue was up 37.9% compared to the same quarter last year. Equities analysts predict that Yext will post ($0.51) earnings per share for the current year.
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Several hedge funds and other institutional investors have recently modified their holdings of the company. Lord Abbett & CO. LLC purchased a new stake in shares of Yext during the second quarter worth about $1,280,000. California State Teachers Retirement System purchased a new stake in shares of Yext during the second quarter worth about $287,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Yext during the second quarter worth about $146,000. State Street Corp purchased a new stake in shares of Yext during the second quarter worth about $1,739,000. Finally, Janus Henderson Group PLC purchased a new stake in shares of Yext during the second quarter worth about $14,534,000. Institutional investors and hedge funds own 29.24% of the company’s stock.
Yext Company Profile
Yext Inc is a knowledge engine provider. Yext puts business on the map. The Yext Knowledge Engine enables companies to manage their digital knowledge in the cloud and sync it to over 100 services in the PowerListings Network, including Apple Maps, Bing, Cortana, Facebook, Google, Google Maps, Instagram, Siri and Yelp.
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