Yext Inc. (YEXT) Stock Rating Upgraded by BidaskClub
Yext Inc. (NYSE:YEXT) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Thursday.
A number of other analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Yext from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. J P Morgan Chase & Co started coverage on shares of Yext in a research note on Monday, May 15th. They set a “neutral” rating and a $15.00 target price for the company. Morgan Stanley restated an “equal weight” rating and set a $15.00 target price (up previously from $14.00) on shares of Yext in a research note on Saturday, June 3rd. Royal Bank Of Canada restated a “buy” rating and set a $18.00 target price on shares of Yext in a research note on Friday, June 2nd. Finally, Pacific Crest started coverage on shares of Yext in a research note on Monday, May 15th. They set a “sector weight” rating for the company. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $16.25.
Yext (NYSE:YEXT) opened at 12.29 on Thursday. The stock’s 50 day moving average is $13.19 and its 200-day moving average is $13.37. Yext has a 12 month low of $12.05 and a 12 month high of $15.11. The firm’s market cap is $1.11 billion.
Yext (NYSE:YEXT) last announced its quarterly earnings data on Wednesday, September 6th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by $0.04. The firm had revenue of $40.77 million for the quarter, compared to the consensus estimate of $40.30 million. Yext’s revenue for the quarter was up 37.9% on a year-over-year basis. During the same period in the previous year, the business posted ($0.22) earnings per share. On average, analysts anticipate that Yext will post ($0.51) earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC acquired a new stake in shares of Yext during the 2nd quarter worth about $107,196,000. Insight Holdings Group LLC acquired a new stake in shares of Yext during the 2nd quarter worth about $102,783,000. Power Corp of Canada acquired a new stake in shares of Yext during the 2nd quarter worth about $20,889,000. Bamco Inc. NY acquired a new stake in shares of Yext during the 2nd quarter worth about $16,784,000. Finally, Janus Henderson Group PLC acquired a new stake in shares of Yext during the 2nd quarter worth about $14,534,000. Institutional investors own 29.24% of the company’s stock.
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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