Yext (NYSE:YEXT) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Yext (NYSE:YEXT) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $7.50.

A number of research firms have issued reports on YEXT. Weiss Ratings upgraded shares of Yext from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, June 3rd. Wall Street Zen cut shares of Yext from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Finally, Zacks Research raised shares of Yext from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th.

Insiders Place Their Bets

In related news, Director Daniel J. Englander purchased 76,190 shares of Yext stock in a transaction dated Monday, July 13th. The shares were acquired at an average cost of $5.22 per share, for a total transaction of $397,711.80. Following the transaction, the director directly owned 141,190 shares of the company’s stock, valued at approximately $737,011.80. This trade represents a 117.22% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Seth H. Waugh acquired 133,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were bought at an average cost of $3.75 per share, with a total value of $498,750.00. Following the completion of the purchase, the director owned 319,411 shares of the company’s stock, valued at $1,197,791.25. This trade represents a 71.35% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 7.80% of the stock is currently owned by insiders.

Institutional Trading of Yext

Hedge funds have recently modified their holdings of the company. Haven Private LLC grew its holdings in Yext by 3.3% during the fourth quarter. Haven Private LLC now owns 59,248 shares of the company’s stock valued at $478,000 after purchasing an additional 1,886 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Yext by 6.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,232 shares of the company’s stock worth $266,000 after purchasing an additional 2,016 shares during the period. Clearstead Advisors LLC boosted its position in shares of Yext by 147.1% during the fourth quarter. Clearstead Advisors LLC now owns 4,677 shares of the company’s stock worth $38,000 after purchasing an additional 2,784 shares in the last quarter. Creative Planning boosted its position in shares of Yext by 29.5% during the third quarter. Creative Planning now owns 16,651 shares of the company’s stock worth $142,000 after purchasing an additional 3,789 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Yext by 2.9% in the 2nd quarter. Rhumbline Advisers now owns 160,040 shares of the company’s stock valued at $1,360,000 after buying an additional 4,444 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Yext Price Performance

Yext stock opened at $5.51 on Tuesday. The business’s 50-day simple moving average is $4.43 and its 200 day simple moving average is $4.92. The stock has a market cap of $552.88 million, a price-to-earnings ratio of 78.79 and a beta of 1.14. Yext has a 12-month low of $3.27 and a 12-month high of $9.20. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 6.03.

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.