Yext Inc. (YEXT) Updates Q3 Earnings Guidance
Yext Inc. (NYSE:YEXT) updated its third quarter earnings guidance on Wednesday. The company provided earnings per share guidance of ($0.14-0.12) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.13). The company issued revenue guidance of $43.5-44 million, compared to the consensus revenue estimate of $43.64 million.Yext also updated its FY18 guidance to ($0.52-0.50) EPS.
Several equities research analysts have recently commented on the stock. Royal Bank Of Canada reaffirmed a buy rating and set a $18.00 price target on shares of Yext in a research report on Friday, June 2nd. Pacific Crest initiated coverage on shares of Yext in a report on Monday, May 15th. They issued a sector weight rating for the company. Morgan Stanley initiated coverage on shares of Yext in a report on Monday, May 15th. They issued an equal weight rating and a $14.00 target price for the company. Piper Jaffray Companies initiated coverage on shares of Yext in a report on Monday, May 15th. They issued an overweight rating and a $17.00 target price for the company. Finally, J P Morgan Chase & Co initiated coverage on shares of Yext in a report on Monday, May 15th. They issued a neutral rating and a $15.00 target price for the company. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Yext presently has a consensus rating of Hold and an average target price of $16.25.
Shares of Yext Inc. (NYSE YEXT) opened at 13.98 on Thursday. The stock’s market capitalization is $1.26 billion. The company has a 50-day moving average of $13.28 and a 200 day moving average of $13.38. Yext Inc. has a 12-month low of $12.05 and a 12-month high of $15.11.
An institutional investor recently bought a new position in Yext stock. California State Teachers Retirement System purchased a new stake in shares of Yext Inc. (NYSE:YEXT) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 21,500 shares of the company’s stock, valued at approximately $287,000. 29.24% of the stock is currently owned by hedge funds and other institutional investors.
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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