Yext Inc (YEXT) Given Consensus Rating of “Hold” by Brokerages
Yext Inc (NYSE:YEXT) has been given a consensus rating of “Hold” by the seven research firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $16.25.
Several equities research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Yext from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Royal Bank Of Canada reiterated a “buy” rating and set a $18.00 price objective on shares of Yext in a research report on Friday. Piper Jaffray Companies reissued a “buy” rating and set a $17.00 target price on shares of Yext in a research note on Monday, August 28th. Morgan Stanley reissued an “equal weight” rating and set a $15.00 target price (up from $14.00) on shares of Yext in a research note on Saturday, June 3rd. Finally, BidaskClub raised shares of Yext from a “sell” rating to a “hold” rating in a research note on Thursday, September 7th.
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Yext (NYSE YEXT) opened at 13.04 on Tuesday. The firm’s 50-day moving average is $13.19 and its 200 day moving average is $13.37. The firm’s market capitalization is $1.18 billion. Yext has a 52-week low of $12.05 and a 52-week high of $15.11.
Yext (NYSE:YEXT) last posted its quarterly earnings data on Wednesday, September 6th. The company reported ($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.04). Yext had a negative return on equity of 66.93% and a negative net margin of 40.22%. The firm had revenue of $40.77 million for the quarter, compared to analyst estimates of $40.30 million. During the same quarter last year, the company earned ($0.22) earnings per share. The company’s quarterly revenue was up 37.9% compared to the same quarter last year. Equities analysts anticipate that Yext will post ($0.51) EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Lord Abbett & CO. LLC bought a new position in Yext during the second quarter worth $1,280,000. California State Teachers Retirement System bought a new position in Yext during the second quarter worth $287,000. Cubist Systematic Strategies LLC bought a new position in Yext during the second quarter worth $146,000. State Street Corp bought a new position in Yext during the second quarter worth $1,739,000. Finally, Janus Henderson Group PLC bought a new position in Yext during the second quarter worth $14,534,000. 29.18% of the stock is currently owned by institutional investors and hedge funds.
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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