Yext (NYSE:YEXT) Receives Consensus Rating of “Hold” from Brokerages

Shares of Yext (NYSE:YEXT) have been given an average recommendation of “Hold” by the six brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $9.4375.

YEXT has been the subject of several research reports. Weiss Ratings lowered shares of Yext from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, December 29th. Wall Street Zen upgraded Yext from a “hold” rating to a “buy” rating in a research report on Sunday, January 18th.

Institutional Investors Weigh In On Yext

Hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue bought a new stake in Yext during the 3rd quarter valued at $48,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Yext in the third quarter valued at approximately $90,000. CIBC Bancorp USA Inc. acquired a new position in shares of Yext during the third quarter valued at approximately $92,000. 111 Capital bought a new stake in Yext during the second quarter worth approximately $100,000. Finally, Creative Planning acquired a new position in shares of Yext during the 2nd quarter valued at $109,000. Institutional investors own 70.98% of the company’s stock.

Yext Price Performance

Shares of NYSE YEXT opened at $7.60 on Tuesday. Yext has a fifty-two week low of $5.51 and a fifty-two week high of $9.20. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.63. The firm has a market cap of $932.48 million, a PE ratio of -759.64 and a beta of 0.96. The business has a 50 day moving average price of $8.19 and a two-hundred day moving average price of $8.39.

Yext (NYSE:YEXT) last posted its quarterly earnings data on Monday, December 8th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $112.00 million for the quarter, compared to the consensus estimate of $113.07 million. Yext had a net margin of 5.89% and a return on equity of 18.57%. The firm’s revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.12 EPS. Sell-side analysts expect that Yext will post -0.12 earnings per share for the current fiscal year.

About Yext

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.