Yext Inc. (YEXT) Given Average Rating of “Hold” by Analysts
Yext Inc. (NYSE:YEXT) has earned a consensus rating of “Hold” from the eight research firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $16.25.
A number of research firms have recently commented on YEXT. KeyCorp upgraded Yext from a “sector weight” rating to an “overweight” rating in a report on Monday, October 16th. Piper Jaffray Companies restated a “buy” rating and set a $17.00 price objective on shares of Yext in a report on Thursday, October 12th. BidaskClub downgraded Yext from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. Zacks Investment Research downgraded Yext from a “hold” rating to a “sell” rating in a report on Wednesday, September 27th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $18.00 price target on shares of Yext in a report on Friday, September 22nd.
In related news, CEO Howard Lerman sold 25,000 shares of the stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $12.09, for a total value of $302,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Tom Christopher Dixon sold 12,500 shares of the stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $12.15, for a total value of $151,875.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 62,500 shares of company stock valued at $755,125.
Several institutional investors have recently made changes to their positions in the company. FMR LLC acquired a new stake in shares of Yext during the second quarter valued at about $107,196,000. Insight Holdings Group LLC acquired a new stake in shares of Yext during the second quarter valued at about $102,783,000. Power Corp of Canada acquired a new stake in shares of Yext during the second quarter valued at about $20,889,000. Bamco Inc. NY acquired a new stake in shares of Yext during the second quarter valued at about $16,784,000. Finally, Janus Henderson Group PLC acquired a new stake in shares of Yext during the second quarter valued at about $14,534,000. Institutional investors own 29.17% of the company’s stock.
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Shares of Yext (NYSE:YEXT) opened at 11.89 on Friday. Yext has a 52 week low of $11.76 and a 52 week high of $15.10. The firm’s market capitalization is $1.07 billion. The stock has a 50 day moving average price of $12.97 and a 200-day moving average price of $13.28.
Yext (NYSE:YEXT) last released its quarterly earnings data on Wednesday, September 6th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.04). The firm had revenue of $40.77 million during the quarter, compared to analyst estimates of $40.30 million. The firm’s revenue was up 37.9% on a year-over-year basis. During the same period last year, the firm posted ($0.22) EPS. Equities analysts anticipate that Yext will post ($0.51) earnings per share for the current year.
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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