Yext Inc. (YEXT) Rating Increased to Hold at BidaskClub
Yext Inc. (NYSE:YEXT) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Saturday.
YEXT has been the subject of a number of other research reports. Zacks Investment Research cut Yext from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $17.00 target price on shares of Yext in a report on Monday, August 28th. KeyCorp raised Yext from a “sector weight” rating to an “overweight” rating in a report on Monday, October 16th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $18.00 target price on shares of Yext in a report on Friday, September 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $16.25.
Shares of Yext (YEXT) traded up $0.36 during trading on Friday, hitting $12.01. The company had a trading volume of 591,809 shares, compared to its average volume of 438,741.
Yext (NYSE:YEXT) last issued its earnings results on Wednesday, September 6th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 period in the previous year, the firm posted ($0.22) earnings per share. The firm’s quarterly revenue was up 37.9% on a year-over-year basis. equities analysts forecast that Yext will post -0.71 earnings per share for the current year.
In other Yext news, insider Tom Christopher Dixon sold 12,500 shares of the company’s stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $12.15, for a total value of $151,875.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Brian Distelburger sold 8,160 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $11.39, for a total value of $92,942.40. The disclosure for this sale can be found here. Insiders sold a total of 99,699 shares of company stock worth $1,188,660 in the last quarter.
Institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada bought a new stake in shares of Yext during the 2nd quarter valued at about $100,000. Cubist Systematic Strategies LLC bought a new stake in shares of Yext during the 2nd quarter valued at about $146,000. Rhumbline Advisers bought a new stake in shares of Yext during the 2nd quarter valued at about $164,000. Alliancebernstein L.P. bought a new stake in shares of Yext during the 2nd quarter valued at about $172,000. Finally, New York State Common Retirement Fund bought a new stake in shares of Yext during the 2nd quarter valued at about $173,000. Institutional investors own 29.17% of the company’s stock.
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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