Yext Inc (YEXT) Receives Average Recommendation of “Hold” from Analysts
Shares of Yext Inc (NYSE:YEXT) have received a consensus rating of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $16.20.
YEXT has been the topic of several recent research reports. BidaskClub upgraded Yext from a “sell” rating to a “hold” rating in a research report on Thursday, September 7th. Zacks Investment Research cut Yext from a “hold” rating to a “sell” rating in a report on Wednesday, September 13th. Royal Bank of Canada reiterated a “buy” rating and issued a $18.00 price objective on shares of Yext in a report on Friday, September 22nd. Piper Jaffray Companies reiterated a “buy” rating and issued a $17.00 price objective on shares of Yext in a report on Thursday, October 12th. Finally, KeyCorp upgraded Yext from a “sector weight” rating to an “overweight” rating in a report on Monday, October 16th.
Yext (NYSE YEXT) opened at $11.75 on Thursday. Yext has a 1 year low of $11.12 and a 1 year high of $15.11. The stock has a market capitalization of $1,080.00 and a P/E ratio of -12.50.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada purchased a new position in shares of Yext in the 2nd quarter valued at approximately $100,000. Cubist Systematic Strategies LLC purchased a new position in shares of Yext in the 2nd quarter valued at approximately $146,000. Rhumbline Advisers purchased a new position in shares of Yext in the 2nd quarter valued at approximately $164,000. Alliancebernstein L.P. purchased a new position in shares of Yext in the 2nd quarter valued at approximately $172,000. Finally, New York State Common Retirement Fund purchased a new position in shares of Yext in the 2nd quarter valued at approximately $173,000. Institutional investors own 28.58% of the company’s stock.
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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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