Yext (NYSE:YEXT) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Yext (NYSE:YEXT) have received a consensus recommendation of “Hold” from the six analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $7.50.

A number of equities research analysts have recently issued reports on the stock. B. Riley Financial cut their target price on shares of Yext from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. DA Davidson reiterated a “neutral” rating and issued a $6.00 price target on shares of Yext in a research note on Wednesday, March 11th. Wall Street Zen lowered Yext from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Roth Mkm cut Yext from a “buy” rating to a “neutral” rating and cut their price objective for the company from $9.50 to $6.00 in a research note on Wednesday, March 11th. Finally, Weiss Ratings raised Yext from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 3rd.

Insider Activity at Yext

In other Yext news, CAO Allan Tang sold 10,000 shares of the stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $3.62, for a total transaction of $36,200.00. Following the sale, the chief accounting officer directly owned 7,848 shares of the company’s stock, valued at approximately $28,409.76. This represents a 56.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Seth H. Waugh bought 133,000 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were acquired at an average cost of $3.75 per share, for a total transaction of $498,750.00. Following the completion of the acquisition, the director directly owned 319,411 shares of the company’s stock, valued at $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 institutional investors and hedge funds have recently bought and sold shares of the business. OP Asset Management Ltd bought a new position in Yext during the 1st quarter worth $3,915,000. Hudson Bay Capital Management LP acquired a new position in shares of Yext during the third quarter valued at $11,121,000. Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Yext during the fourth quarter valued at $1,814,000. Emmett Investment Management LP grew its position in shares of Yext by 70.0% during the third quarter. Emmett Investment Management LP now owns 373,663 shares of the company’s stock worth $3,150,000 after acquiring an additional 153,849 shares during the last quarter. Finally, NewEdge Wealth LLC bought a new position in shares of Yext during the fourth quarter worth about $1,458,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Yext Stock Performance

Shares of YEXT opened at $4.97 on Friday. The business’s 50 day moving average is $3.97 and its two-hundred day moving average is $5.28. Yext has a 52-week low of $3.27 and a 52-week high of $9.20. The firm has a market cap of $498.74 million, a price-to-earnings ratio of 71.07 and a beta of 1.14. 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 (NYSE:YEXT) last released its quarterly earnings results on Tuesday, June 2nd. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. Yext had a net margin of 8.93% and a return on equity of 43.47%. The business had revenue of $107.92 million during the quarter, compared to the consensus estimate of $110.70 million. During the same quarter last year, the company earned $0.13 earnings per share. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. Analysts forecast that Yext will post 0.41 EPS for the current fiscal 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.