Yext (NYSE:YEXT) Receives $9.44 Average Target Price from Brokerages

Shares of Yext (NYSE:YEXT) have received an average rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $9.4375.

A number of brokerages have recently weighed in on YEXT. Weiss Ratings lowered Yext from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, December 29th. Wall Street Zen downgraded Yext from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 14th.

Institutional Investors Weigh In On Yext

Large investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new stake in Yext during the third quarter valued at about $48,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of Yext in the 3rd quarter worth $90,000. CIBC Bancorp USA Inc. purchased a new stake in Yext during the third quarter valued at approximately $92,000. 111 Capital purchased a new stake in Yext during the 2nd quarter valued at $100,000. Finally, Creative Planning bought a new position in Yext during the 2nd quarter valued at about $109,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Yext Stock Down 2.4%

Yext stock opened at $7.87 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.09 and a current ratio of 1.09. Yext has a 52-week low of $5.51 and a 52-week high of $9.20. The firm has a 50 day moving average price of $8.41 and a two-hundred day moving average price of $8.44. The firm has a market cap of $964.48 million, a price-to-earnings ratio of -785.71 and a beta of 0.96.

Yext (NYSE:YEXT) last posted its quarterly earnings data on Monday, December 8th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $112.00 million for the quarter, compared to analyst estimates of $113.07 million. Yext had a net margin of 5.89% and a return on equity of 18.57%. The company’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.12 EPS. Equities analysts predict that Yext will post -0.12 EPS for the current year.

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.