Yext Inc. (YEXT) Stock Rating Upgraded by BidaskClub

Yext Inc. (NYSE:YEXT) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Saturday, November 4th.

A number of other research firms have also weighed in on YEXT. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Yext in a research note on Thursday, October 12th. Zacks Investment Research lowered Yext from a “hold” rating to a “sell” rating in a research note on Tuesday, September 19th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Yext in a research note on Friday, September 22nd. Finally, KeyCorp raised Yext from a “sector weight” rating to an “overweight” rating in a research note on Monday, October 16th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Yext presently has an average rating of “Hold” and an average target price of $16.20.

Shares of Yext (NYSE:YEXT) traded up $0.10 on Friday, reaching $13.05. The company’s stock had a trading volume of 408,100 shares, compared to its average volume of 306,503. Yext has a fifty-two week low of $11.12 and a fifty-two week high of $15.11.

Yext (NYSE:YEXT) last issued its quarterly earnings results on Wednesday, September 6th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.04). The business had revenue of $40.77 million during the quarter, compared to analyst estimates of $40.30 million. The firm’s quarterly revenue was up 37.9% on a year-over-year basis. During the same period last year, the firm posted ($0.22) EPS. sell-side analysts expect that Yext will post -0.71 EPS for the current year.

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In related news, insider Tom Christopher Dixon sold 12,500 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $12.66, for a total transaction of $158,250.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Howard Lerman sold 25,000 shares of the stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $12.04, for a total value of $301,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 216,019 shares of company stock valued at $2,618,506.

Several large investors have recently bought and sold shares of YEXT. Royal Bank of Canada bought a new stake in shares of Yext in the 2nd quarter valued at approximately $100,000. Cubist Systematic Strategies LLC bought a new stake in shares of Yext in the 2nd quarter valued at approximately $146,000. Rhumbline Advisers bought a new stake in shares of Yext in the 2nd quarter valued at approximately $164,000. Alliancebernstein L.P. bought a new stake in shares of Yext in the 2nd quarter valued at approximately $172,000. Finally, New York State Common Retirement Fund bought a new stake in shares of Yext in the 2nd quarter valued at approximately $173,000. 29.22% of the stock is owned by institutional investors and hedge funds.

Yext Company Profile

Yext Inc is a knowledge engine provider. Yext puts business on the map. The Yext Knowledge Engine enables companies to manage their digital knowledge in the cloud and sync it to over 100 services in the PowerListings Network, including Apple Maps, Bing, Cortana, Facebook, Google, Google Maps, Instagram, Siri and Yelp.

Analyst Recommendations for Yext (NYSE:YEXT)

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