Yext Inc. (YEXT) Releases FY18 Earnings Guidance
Yext Inc. (NYSE:YEXT) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of ($0.52-0.50) for the period, compared to the Thomson Reuters consensus estimate of ($0.51). The company issued revenue guidance of $169.5-170.5 million, compared to the consensus revenue estimate of $169.31 million.Yext also updated its Q3 guidance to ($0.14-0.12) EPS.
A number of research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Yext from a sell rating to a hold rating in a research note on Thursday, August 3rd. Piper Jaffray Companies reiterated a buy rating and issued a $17.00 price objective on shares of Yext in a research note on Monday, August 28th. Royal Bank Of Canada assumed coverage on shares of Yext in a research note on Monday, May 15th. They issued an outperform rating and a $18.00 price objective for the company. Pacific Crest assumed coverage on shares of Yext in a research note on Monday, May 15th. They issued a sector weight rating for the company. Finally, Morgan Stanley assumed coverage on shares of Yext in a research note on Monday, May 15th. They issued an equal weight rating and a $14.00 price objective for the company. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Yext has a consensus rating of Hold and a consensus target price of $16.25.
Yext Inc. (NYSE YEXT) opened at 13.98 on Thursday. The stock’s market capitalization is $1.26 billion. The stock’s 50 day moving average is $13.28 and its 200-day moving average is $13.38. Yext Inc. has a 52-week low of $12.05 and a 52-week high of $15.11.
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An institutional investor recently bought a new position in Yext stock. California State Teachers Retirement System acquired a new stake in shares of Yext Inc. (NYSE:YEXT) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 21,500 shares of the company’s stock, valued at approximately $287,000. Institutional investors own 29.24% of the company’s stock.
Yext Company Profile
Yext Inc is a knowledge engine provider. Yext puts business on the map. The Yext Knowledge Engine enables companies to manage their digital knowledge in the cloud and sync it to over 100 services in the PowerListings Network, including Apple Maps, Bing, Cortana, Facebook, Google, Google Maps, Instagram, Siri and Yelp.
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