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

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

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

Yext Stock Performance

Shares of NYSE YEXT opened at $3.88 on Monday. 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 stock has a 50 day simple moving average of $3.81 and a 200-day simple moving average of $5.86. The company has a market cap of $388.46 million, a PE ratio of 55.36 and a beta of 1.16. Yext has a 12-month low of $3.27 and a 12-month high of $9.20.

Yext (NYSE:YEXT) last issued its quarterly earnings data on Tuesday, June 2nd. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.01. The business had revenue of $107.92 million during the quarter, compared to the consensus estimate of $110.70 million. Yext had a return on equity of 43.47% and a net margin of 8.93%.The business’s revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.13 earnings per share. On average, equities research analysts forecast that Yext will post 0.31 EPS for the current year.

Insider Activity

In other news, CAO Allan Tang sold 10,000 shares of the stock in a transaction that occurred 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 7.80% of the stock is owned by company insiders.

Institutional Trading of Yext

A number of large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its holdings in 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 buying an additional 354,495 shares in the last quarter. Amundi boosted its holdings in Yext by 28.1% during the first quarter. Amundi now owns 50,812 shares of the company’s stock worth $195,000 after buying an additional 11,136 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in 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 buying an additional 133,347 shares in the last quarter. Gabelli Funds LLC boosted its holdings in 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 buying an additional 21,000 shares in the last quarter. Finally, Gamco Investors INC. ET AL bought a new stake in Yext during the first quarter worth approximately $38,000. 70.98% of the stock is currently owned by institutional investors.

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.