Yext (NYSE:YEXT) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

Yext (NYSE:YEXT) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $3.82 and traded as high as $3.97. Yext shares last traded at $3.8050, with a volume of 2,413,030 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on YEXT shares. Roth Mkm lowered shares of Yext from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $9.50 to $6.00 in a report on Wednesday, March 11th. Weiss Ratings raised shares of Yext from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, June 3rd. B. Riley Financial reduced their target price on shares of Yext from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. Wall Street Zen cut shares of Yext from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Finally, DA Davidson reissued a “neutral” rating and issued a $6.00 price target on shares of Yext in a report on Wednesday, March 11th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $7.50.

Yext Price Performance

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 market capitalization of $381.45 million, a P/E ratio of 54.36 and a beta of 1.16. The company has a fifty day simple moving average of $3.82 and a two-hundred day simple moving average of $5.56.

Yext (NYSE:YEXT) last issued its earnings results on Tuesday, June 2nd. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.01. Yext had a net margin of 8.93% and a return on equity of 43.47%. The company had revenue of $107.92 million for the quarter, compared to analyst estimates of $110.70 million. During the same quarter last year, the firm earned $0.13 EPS. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. Sell-side analysts expect that Yext will post 0.32 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Allan Tang sold 10,000 shares of the firm’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $3.62, for a total value of $36,200.00. Following 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Seth H. Waugh bought 133,000 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was bought at an average cost of $3.75 per share, for a total transaction of $498,750.00. Following the purchase, the director directly owned 319,411 shares of the company’s stock, valued at approximately $1,197,791.25. This trade represents a 71.35% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 7.80% of the company’s stock.

Institutional Investors Weigh In On Yext

Several large investors have recently modified their holdings of the business. New York State Teachers Retirement System grew its position in shares of Yext by 9,253.0% in the 1st quarter. New York State Teachers Retirement System now owns 9,353 shares of the company’s stock valued at $36,000 after purchasing an additional 9,253 shares during the period. Clearstead Advisors LLC raised its stake in shares of 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 purchasing an additional 2,784 shares during the period. Gamco Investors INC. ET AL bought a new stake in shares of Yext in the first quarter valued at about $38,000. Able Wealth Management LLC acquired a new stake in Yext in the 1st quarter valued at approximately $48,000. Finally, Sequoia Financial Advisors LLC acquired a new position in Yext during the 1st quarter worth approximately $49,000. 70.98% of the stock is currently owned by 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.