Yext Inc. (YEXT) Stock Rating Reaffirmed by Piper Jaffray Companies
Yext Inc. (NYSE:YEXT)‘s stock had its “buy” rating reissued by research analysts at Piper Jaffray Companies in a research note issued on Thursday. They presently have a $17.00 price objective on the stock. Piper Jaffray Companies’ price objective would suggest a potential upside of 40.15% from the company’s previous close.
Several other research firms have also commented on YEXT. BidaskClub upgraded Yext from a “sell” rating to a “hold” rating in a research report on Thursday, September 7th. Zacks Investment Research lowered Yext from a “hold” rating to a “sell” rating in a research report on Wednesday, September 13th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $18.00 price objective on shares of Yext in a research report on Friday, September 22nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Yext currently has a consensus rating of “Hold” and a consensus target price of $16.25.
Yext (NYSE:YEXT) last released its quarterly earnings data on Wednesday, September 6th. The company reported ($0.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.04). The business had revenue of $40.77 million during the quarter, compared to analyst estimates of $40.30 million. During the same quarter in the previous year, the company posted ($0.22) EPS. The company’s quarterly revenue was up 37.9% on a year-over-year basis.
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Hedge funds have recently made changes to their positions in the company. Royal Bank of Canada acquired a new position in shares of Yext during the 2nd quarter worth approximately $100,000. Cubist Systematic Strategies LLC acquired a new position in shares of Yext during the 2nd quarter worth approximately $146,000. Rhumbline Advisers acquired a new position in shares of Yext during the 2nd quarter worth approximately $164,000. Alliancebernstein L.P. acquired a new position in shares of Yext during the 2nd quarter worth approximately $172,000. Finally, New York State Common Retirement Fund acquired a new position in shares of Yext during the 2nd quarter worth approximately $173,000. 29.18% of the stock is owned by institutional investors and hedge funds.
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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