Yext (NYSE:YEXT) Posts Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Yext (NYSE:YEXT) released its quarterly earnings data on Monday. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.06), Zacks reports. Yext had a return on equity of 4.90% and a net margin of 1.66%.

Yext Trading Down 0.4%

NYSE YEXT traded down $0.04 during mid-day trading on Monday, reaching $8.84. 971,399 shares of the stock were exchanged, compared to its average volume of 871,896. The stock has a market cap of $1.09 billion, a P/E ratio of -73.62 and a beta of 0.91. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 1.05. Yext has a one year low of $5.51 and a one year high of $9.20. The stock has a 50 day simple moving average of $8.46 and a 200-day simple moving average of $8.35.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Mercer Global Advisors Inc. ADV bought a new stake in shares of Yext during the 3rd quarter valued at about $90,000. CIBC Bancorp USA Inc. bought a new position in shares of Yext during the 3rd quarter worth approximately $92,000. Creative Planning bought a new position in shares of Yext during the 2nd quarter worth approximately $109,000. Occudo Quantitative Strategies LP acquired a new stake in shares of Yext during the 2nd quarter worth approximately $124,000. Finally, One68 Global Capital LLC bought a new stake in shares of Yext in the 3rd quarter valued at $128,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on YEXT shares. Needham & Company LLC reissued a “buy” rating and set a $10.00 price objective on shares of Yext in a report on Monday, August 18th. Zacks Research lowered Yext from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Weiss Ratings restated a “sell (d+)” rating on shares of Yext in a report on Monday, November 24th. Finally, Wall Street Zen upgraded shares of Yext from a “buy” rating to a “strong-buy” rating in a report on Saturday. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Yext presently has an average rating of “Hold” and an average target price of $9.44.

About Yext

Yext, Inc organizes business facts to provide answers to consumer questions in North America and internationally. It operates Yext platform, a cloud-based platform that allows its customers to offer answers to consumer questions, to control the facts about their businesses and the content of their landing pages, and to manage their consumer reviews; and provides customers to update their information and content through its publisher network of maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks, as well as professional services.