Yext (NYSE:YEXT) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Yext (NYSE:YEXT) issued its earnings results on Monday. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.02, FiscalAI reports. Yext had a net margin of 5.89% and a return on equity of 18.57%. The business had revenue of $112.01 million for the quarter, compared to the consensus estimate of $114.21 million. During the same quarter in the previous year, the firm earned $0.13 earnings per share. The business’s quarterly revenue was down 1.0% compared to the same quarter last year.

Yext Stock Performance

Shares of YEXT opened at $5.64 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.63. Yext has a 52-week low of $4.66 and a 52-week high of $9.20. The company has a 50-day simple moving average of $6.55 and a 200-day simple moving average of $7.85. The company has a market capitalization of $692.71 million, a PE ratio of -562.94 and a beta of 1.01.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lynrock Lake LP raised its holdings in Yext by 23.3% during the fourth quarter. Lynrock Lake LP now owns 15,132,384 shares of the company’s stock worth $121,967,000 after purchasing an additional 2,861,653 shares during the last quarter. Hudson Bay Capital Management LP boosted its position in Yext by 126.2% during the fourth quarter. Hudson Bay Capital Management LP now owns 2,952,453 shares of the company’s stock worth $23,797,000 after purchasing an additional 1,647,174 shares in the last quarter. First Trust Advisors LP acquired a new stake in Yext in the fourth quarter valued at $5,634,000. Millennium Management LLC acquired a new stake in Yext in the first quarter valued at $3,964,000. Finally, Qube Research & Technologies Ltd increased its position in shares of Yext by 97.1% in the second quarter. Qube Research & Technologies Ltd now owns 957,958 shares of the company’s stock valued at $8,143,000 after buying an additional 472,000 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on YEXT. Wall Street Zen upgraded shares of Yext from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings cut Yext from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 2nd. Finally, DA Davidson reduced their price target on Yext from $8.25 to $6.00 and set a “neutral” rating for the company in a report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Yext presently has a consensus rating of “Hold” and a consensus target price of $8.67.

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.