Yext (NYSE:YEXT) Issues Quarterly Earnings Results

Yext (NYSE:YEXT) released its quarterly earnings results on Monday. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02, FiscalAI reports. The business had revenue of $112.01 million during the quarter, compared to analysts’ expectations of $114.21 million. Yext had a return on equity of 18.57% and a net margin of 5.89%.

Yext Trading Up 1.0%

Shares of NYSE YEXT traded up $0.06 on Monday, reaching $5.64. 2,890,012 shares of the company traded hands, compared to its average volume of 2,190,473. The company has a 50 day moving average of $6.60 and a 200 day moving average of $7.87. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.63. Yext has a fifty-two week low of $4.66 and a fifty-two week high of $9.20. The stock has a market capitalization of $692.71 million, a PE ratio of -562.94 and a beta of 1.01.

Wall Street Analysts Forecast Growth

YEXT has been the topic of several recent research reports. DA Davidson cut their price target on Yext from $8.25 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, February 4th. Wall Street Zen raised Yext from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Weiss Ratings lowered Yext from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, March 2nd. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Yext currently has an average rating of “Hold” and an average price target of $8.67.

Institutional Investors Weigh In On Yext

Several institutional investors have recently bought and sold shares of YEXT. Engineers Gate Manager LP grew its stake in Yext by 84.2% during the 4th quarter. Engineers Gate Manager LP now owns 28,500 shares of the company’s stock valued at $230,000 after purchasing an additional 13,028 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of Yext by 123.7% in the 2nd quarter. Lazard Asset Management LLC now owns 21,350 shares of the company’s stock worth $181,000 after buying an additional 11,807 shares during the last quarter. Aquatic Capital Management LLC boosted its stake in Yext by 189.5% in the third quarter. Aquatic Capital Management LLC now owns 20,019 shares of the company’s stock valued at $171,000 after acquiring an additional 13,103 shares during the period. Shay Capital LLC bought a new stake in Yext in the third quarter valued at $170,000. Finally, Gabelli Funds LLC bought a new stake in Yext in the 3rd quarter valued at about $166,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

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.