Yext (NYSE:YEXT) Given Average Rating of “Hold” by Brokerages

Shares of Yext (NYSE:YEXT) have earned an average recommendation of “Hold” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $7.50.

YEXT has been the subject of a number of analyst reports. B. Riley Financial lowered their target price on Yext from $10.00 to $8.00 and set a “buy” rating for the company in a report on Tuesday, March 10th. DA Davidson restated a “neutral” rating and set a $6.00 target price on shares of Yext in a report on Wednesday, March 11th. Weiss Ratings lowered Yext from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, March 2nd. Roth Mkm lowered Yext from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $9.50 to $6.00 in a report on Wednesday, March 11th. Finally, Wall Street Zen lowered Yext from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd.

Yext Stock Up 0.4%

Yext stock opened at $4.20 on Monday. The business has a fifty day moving average of $3.86 and a two-hundred day moving average of $6.02. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.61. The firm has a market cap of $419.96 million, a P/E ratio of 69.93 and a beta of 1.16. Yext has a twelve month low of $3.29 and a twelve month high of $9.20.

Yext (NYSE:YEXT) last posted its earnings results on Monday, March 9th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The company had revenue of $112.00 million during the quarter, compared to analyst estimates of $114.21 million. Yext had a return on equity of 29.61% and a net margin of 8.48%.Yext’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.13 earnings per share. On average, analysts forecast that Yext will post 0.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Yext news, CAO Allan Tang sold 10,000 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $3.62, for a total transaction of $36,200.00. Following the completion of the sale, the chief accounting officer owned 7,848 shares in the company, valued at $28,409.76. This represents a 56.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 7.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Yext

A number of large investors have recently made changes to their positions in the business. Bank of America Corp DE increased its position in shares of Yext by 246.1% during the first quarter. Bank of America Corp DE now owns 498,564 shares of the company’s stock worth $1,914,000 after purchasing an additional 354,495 shares in the last quarter. Amundi increased its position in shares of Yext by 28.1% during the first quarter. Amundi now owns 50,812 shares of the company’s stock worth $195,000 after purchasing an additional 11,136 shares in the last quarter. Quantinno Capital Management LP increased its position in shares of Yext by 173.7% during the first quarter. Quantinno Capital Management LP now owns 210,094 shares of the company’s stock worth $807,000 after purchasing an additional 133,347 shares in the last quarter. Gabelli Funds LLC increased its position in shares of Yext by 58.3% during the first quarter. Gabelli Funds LLC now owns 57,000 shares of the company’s stock worth $219,000 after purchasing an additional 21,000 shares in the last quarter. Finally, Gamco Investors INC. ET AL acquired a new position in shares of Yext during the first quarter worth $38,000. 70.98% of the stock is owned by institutional investors and hedge funds.

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.