Yext (NYSE:YEXT) Given Consensus Recommendation of “Hold” by Analysts

Yext (NYSE:YEXT) has earned a consensus rating of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $9.4375.

A number of analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Yext from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 14th. Weiss Ratings cut shares of Yext from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday.

Yext Trading Down 0.9%

Yext stock opened at $8.06 on Friday. The stock has a 50-day moving average price of $8.42 and a 200 day moving average price of $8.44. Yext has a 52 week low of $5.51 and a 52 week high of $9.20. The stock has a market cap of $988.40 million, a PE ratio of -805.19 and a beta of 0.96. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.63.

Yext (NYSE:YEXT) last announced its earnings results on Monday, December 8th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $112.00 million for the quarter, compared to analyst estimates of $113.07 million. Yext had a net margin of 5.89% and a return on equity of 18.57%. Yext’s revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.12 earnings per share. Equities research analysts predict that Yext will post -0.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of YEXT. The Manufacturers Life Insurance Company boosted its holdings in Yext by 7.1% in the second quarter. The Manufacturers Life Insurance Company now owns 5,595,447 shares of the company’s stock valued at $47,561,000 after purchasing an additional 371,253 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Yext by 10.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,808,257 shares of the company’s stock valued at $15,406,000 after purchasing an additional 178,338 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Yext by 8.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,354,835 shares of the company’s stock valued at $11,543,000 after buying an additional 106,197 shares during the last quarter. Qube Research & Technologies Ltd grew its position in shares of Yext by 38.9% during the third quarter. Qube Research & Technologies Ltd now owns 1,330,133 shares of the company’s stock worth $11,333,000 after buying an additional 372,175 shares in the last quarter. Finally, Hudson Bay Capital Management LP bought a new stake in shares of Yext in the third quarter worth $11,121,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Yext Company Profile

Yext, Inc is a software-as-a-service company that provides a platform for digital knowledge management. Its core offering enables businesses to centrally manage and synchronize public-facing information—such as location details, product descriptions and service offerings—across a network of search engines, mapping services, voice assistants and third-party directories.

The Yext platform is built around a proprietary Knowledge Graph, which stores and structures data to ensure consistency and accuracy.