Yext (NYSE:YEXT) Price Target Raised to $7.00

Yext (NYSE:YEXT) had its price objective raised by B. Riley Financial from $5.00 to $7.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other analysts also recently weighed in on YEXT. Weiss Ratings restated a “sell (d+)” rating on shares of Yext in a research note on Monday. Zacks Research cut Yext from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. Finally, B Riley reissued a “neutral” rating on shares of Yext in a report on Wednesday. Five research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Yext currently has a consensus rating of “Reduce” and a consensus price target of $6.33.

Yext Price Performance

Shares of NYSE:YEXT opened at $6.51 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 0.83 and a debt-to-equity ratio of 4.14. The company has a market cap of $644.35 million, a P/E ratio of 38.29 and a beta of 1.15. Yext has a 52 week low of $3.27 and a 52 week high of $9.19. The company has a 50-day moving average price of $5.69 and a 200 day moving average price of $4.79.

Yext (NYSE:YEXT) last released its earnings results on Tuesday, September 1st. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04. Yext had a return on equity of 43.23% and a net margin of 5.90%.The company had revenue of $111.10 million for the quarter, compared to analysts’ expectations of $111.30 million. During the same quarter in the previous year, the firm posted $0.13 EPS. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. Research analysts predict that Yext will post 0.41 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Seth H. Waugh purchased 133,000 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were acquired at an average price of $3.75 per share, for a total transaction of $498,750.00. Following the acquisition, the director directly owned 319,411 shares in the company, valued at approximately $1,197,791.25. The trade was a 71.35% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel J. Englander acquired 76,190 shares of the company’s stock in a transaction that occurred on Monday, July 13th. The stock was purchased at an average cost of $5.22 per share, with a total value of $397,711.80. Following the completion of the purchase, the director directly owned 141,190 shares in the company, valued at $737,011.80. This represents a 117.22% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 7.80% of the stock is currently owned by company insiders.

Institutional Trading of Yext

Several large investors have recently bought and sold shares of YEXT. Haven Private LLC increased its position in shares of Yext by 3.3% in the fourth quarter. Haven Private LLC now owns 59,248 shares of the company’s stock valued at $478,000 after buying an additional 1,886 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Yext by 6.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,232 shares of the company’s stock valued at $266,000 after acquiring an additional 2,016 shares during the last quarter. Clearstead Advisors LLC grew its stake in Yext by 147.1% in the 4th quarter. Clearstead Advisors LLC now owns 4,677 shares of the company’s stock valued at $38,000 after acquiring an additional 2,784 shares during the last quarter. Creative Planning grew its stake in Yext by 29.5% in the 3rd quarter. Creative Planning now owns 16,651 shares of the company’s stock valued at $142,000 after acquiring an additional 3,789 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in Yext by 2.9% during the 2nd quarter. Rhumbline Advisers now owns 160,040 shares of the company’s stock valued at $1,360,000 after acquiring an additional 4,444 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

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.