Brokerages Set Yext (NYSE:YEXT) Target Price at $7.50

Yext (NYSE:YEXT) has received an average rating of “Hold” from the six analysts that are covering the stock, 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 12 month target price among analysts that have covered the stock in the last year is $7.50.

Several equities analysts have recently weighed in on the stock. DA Davidson reaffirmed a “neutral” rating and set a $6.00 price target on shares of Yext in a research note on Wednesday, March 11th. Weiss Ratings cut shares of Yext from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, March 2nd. B. Riley Financial decreased their target price on shares of Yext from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Roth Mkm lowered shares of Yext from a “buy” rating to a “neutral” rating and lowered their price target for the company from $9.50 to $6.00 in a research note on Wednesday, March 11th. Finally, Wall Street Zen cut shares of Yext from a “buy” rating to a “hold” rating in a research report on Sunday, March 15th.

Yext Stock Performance

Shares of Yext stock opened at $4.73 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $582.83 million, a price-to-earnings ratio of 78.76 and a beta of 1.01. The stock’s 50-day moving average is $6.06 and its 200-day moving average is $7.63. Yext has a one year low of $4.66 and a one year high of $9.20.

Yext (NYSE:YEXT) last posted its quarterly earnings data on Monday, March 9th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The business had revenue of $112.00 million during the quarter, compared to the consensus estimate of $114.21 million. Yext had a return on equity of 29.61% and a net margin of 8.48%.Yext’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period last year, the company earned $0.13 earnings per share. Equities analysts predict that Yext will post -0.12 earnings per share for the current fiscal year.

Institutional Trading of Yext

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Clearstead Advisors LLC grew its stake 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 purchasing an additional 2,784 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Yext during the 3rd quarter worth approximately $48,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Yext in the 4th quarter valued at approximately $82,000. MQS Management LLC acquired a new stake in shares of Yext in the 4th quarter valued at approximately $86,000. Finally, Optas LLC bought a new position in shares of Yext in the fourth quarter valued at $88,000. 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.