Yext (NYSE:YEXT) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Yext (NYSE:YEXT) have received an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $8.8750.

YEXT has been the subject of several recent analyst reports. DA Davidson reduced their target price on shares of Yext from $8.25 to $6.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. Weiss Ratings upgraded shares of Yext from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, February 13th. Finally, Wall Street Zen cut Yext from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th.

Institutional Trading of Yext

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Invesco Ltd. increased its position in shares of Yext by 13.6% in the fourth quarter. Invesco Ltd. now owns 187,106 shares of the company’s stock valued at $1,508,000 after buying an additional 22,471 shares in the last quarter. Lynrock Lake LP boosted its position in shares of Yext by 23.3% in the 4th quarter. Lynrock Lake LP now owns 15,132,384 shares of the company’s stock worth $121,967,000 after buying an additional 2,861,653 shares in the last quarter. XTX Topco Ltd grew its stake in Yext by 24.0% in the 4th quarter. XTX Topco Ltd now owns 165,189 shares of the company’s stock valued at $1,331,000 after acquiring an additional 32,010 shares during the last quarter. SummitTX Capital L.P. purchased a new position in Yext during the 4th quarter valued at about $724,000. Finally, Quadrature Capital Ltd raised its position in Yext by 331.6% during the fourth quarter. Quadrature Capital Ltd now owns 54,362 shares of the company’s stock worth $438,000 after acquiring an additional 41,768 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Yext Stock Performance

Shares of Yext stock opened at $5.54 on Friday. The stock has a market capitalization of $680.42 million, a price-to-earnings ratio of -552.95 and a beta of 0.98. Yext has a 12 month low of $4.66 and a 12 month high of $9.20. The firm’s fifty day simple moving average is $7.15 and its 200-day simple moving average is $8.06. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.09 and a quick ratio of 1.09.

Yext (NYSE:YEXT) last posted its quarterly earnings data on Monday, December 8th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. Yext had a return on equity of 18.57% and a net margin of 5.89%.The company had revenue of $112.00 million during the quarter, compared to analysts’ expectations of $113.07 million. During the same period last year, the firm earned $0.12 EPS. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. As a group, equities analysts forecast that Yext will post -0.12 earnings per share for the current year.

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.