Yext (NYSE:YEXT) Given Consensus Recommendation of “Hold” by Brokerages

Yext (NYSE:YEXT) has received a consensus rating of “Hold” from the five brokerages that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $8.6667.

YEXT has been the subject of a number of recent analyst reports. DA Davidson cut their price objective on Yext from $8.25 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday, February 4th. Wall Street Zen cut Yext from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, Weiss Ratings raised shares of Yext from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, February 13th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Lynrock Lake LP raised its holdings in Yext by 23.3% in the 4th quarter. Lynrock Lake LP now owns 15,132,384 shares of the company’s stock valued at $121,967,000 after acquiring an additional 2,861,653 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Yext by 7.1% in the second quarter. The Manufacturers Life Insurance Company now owns 5,595,447 shares of the company’s stock valued at $47,561,000 after purchasing an additional 371,253 shares during the last quarter. Hudson Bay Capital Management LP increased its stake in shares of Yext by 126.2% during the fourth quarter. Hudson Bay Capital Management LP now owns 2,952,453 shares of the company’s stock worth $23,797,000 after purchasing an additional 1,647,174 shares during the period. Geode Capital Management LLC lifted its holdings in Yext by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 2,602,559 shares of the company’s stock worth $20,980,000 after purchasing an additional 23,914 shares during the last quarter. Finally, Federated Hermes Inc. boosted its stake in Yext by 28.7% in the 4th quarter. Federated Hermes Inc. now owns 1,871,845 shares of the company’s stock valued at $15,087,000 after purchasing an additional 417,896 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Yext Stock Performance

Shares of YEXT opened at $5.67 on Friday. The company has a market cap of $697.14 million, a PE ratio of -566.53 and a beta of 0.98. The firm has a 50-day moving average of $6.86 and a 200-day moving average of $7.98. Yext has a one year low of $4.66 and a one year high of $9.20. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.09 and a quick ratio of 1.09.

Yext (NYSE:YEXT) last issued its earnings results on Monday, December 8th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. Yext had a net margin of 5.89% and a return on equity of 18.57%. The company had revenue of $112.00 million for the quarter, compared to analysts’ expectations of $113.07 million. During the same period in the prior year, the firm earned $0.12 EPS. Yext’s quarterly revenue was down 1.7% compared to the same quarter last year. As a group, equities analysts forecast that Yext will post -0.12 earnings per share 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.