Yext (NYSE:YEXT) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Yext (NYSE:YEXT) have received an average rating of “Hold” from the six research firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $7.50.

A number of analysts have recently weighed in on YEXT shares. Weiss Ratings raised Yext from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, June 3rd. Wall Street Zen lowered Yext from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. DA Davidson reaffirmed a “neutral” rating and set a $6.00 price objective on shares of Yext in a research report on Wednesday, March 11th. B. Riley Financial cut their price objective on Yext from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. Finally, Roth Mkm lowered Yext from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $9.50 to $6.00 in a research report on Wednesday, March 11th.

Yext Stock Down 0.1%

Yext stock opened at $4.16 on Friday. Yext has a twelve month low of $3.27 and a twelve month high of $9.20. The stock’s fifty day simple moving average is $3.87 and its 200-day simple moving average is $5.41. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 6.03. The firm has a market capitalization of $416.54 million, a P/E ratio of 59.36 and a beta of 1.16.

Yext (NYSE:YEXT) last posted its quarterly earnings data on Tuesday, June 2nd. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. Yext had a return on equity of 43.47% and a net margin of 8.93%.The business had revenue of $107.92 million for the quarter, compared to analyst estimates of $110.70 million. During the same quarter in the prior year, the company earned $0.13 earnings per share. The company’s revenue was down 1.4% on a year-over-year basis. As a group, equities analysts expect that Yext will post 0.41 earnings per share for the current fiscal year.

Insider Buying and Selling at Yext

In other Yext news, Director Seth H. Waugh bought 133,000 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were purchased at an average price of $3.75 per share, with a total value of $498,750.00. Following the completion of the acquisition, the director directly owned 319,411 shares of the company’s stock, valued at $1,197,791.25. This represents a 71.35% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Allan Tang sold 10,000 shares of the stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $3.62, for a total value of $36,200.00. Following the completion of the transaction, the chief accounting officer directly owned 7,848 shares in the company, valued at $28,409.76. This trade represents a 56.03% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On Yext

Large investors have recently bought and sold shares of the business. New York State Teachers Retirement System increased its holdings in Yext by 9,253.0% in the first quarter. New York State Teachers Retirement System now owns 9,353 shares of the company’s stock valued at $36,000 after buying an additional 9,253 shares during the last quarter. Clearstead Advisors LLC increased its holdings in Yext by 147.1% in the fourth quarter. Clearstead Advisors LLC now owns 4,677 shares of the company’s stock valued at $38,000 after buying an additional 2,784 shares during the last quarter. Gamco Investors INC. ET AL purchased a new position in Yext in the first quarter valued at $38,000. Able Wealth Management LLC purchased a new position in Yext in the first quarter valued at $48,000. Finally, Sequoia Financial Advisors LLC purchased a new position in Yext in the first quarter valued at $49,000. Hedge funds and other institutional investors 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.