Yext (NYSE:YEXT) Receives $8.88 Average Price Target from Brokerages

Shares of Yext (NYSE:YEXT) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $8.8750.

YEXT has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of Yext from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, February 13th. DA Davidson dropped their price target on shares of Yext from $8.25 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday, February 4th. Finally, Wall Street Zen lowered shares of Yext from a “buy” rating to a “hold” rating in a report on Saturday, February 14th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Lynrock Lake LP lifted its holdings in Yext by 23.3% in the 4th quarter. Lynrock Lake LP now owns 15,132,384 shares of the company’s stock worth $121,967,000 after buying an additional 2,861,653 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Yext by 7.1% during the second quarter. The Manufacturers Life Insurance Company now owns 5,595,447 shares of the company’s stock valued at $47,561,000 after buying an additional 371,253 shares during the period. Hudson Bay Capital Management LP raised its holdings in shares of Yext by 126.2% during the fourth quarter. Hudson Bay Capital Management LP now owns 2,952,453 shares of the company’s stock valued at $23,797,000 after acquiring an additional 1,647,174 shares in the last quarter. Geode Capital Management LLC lifted its stake in Yext by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 2,602,559 shares of the company’s stock worth $20,980,000 after acquiring an additional 23,914 shares during the period. Finally, Federated Hermes Inc. boosted its holdings in Yext by 28.7% in the fourth quarter. Federated Hermes Inc. now owns 1,871,845 shares of the company’s stock valued at $15,087,000 after acquiring an additional 417,896 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Yext Stock Performance

NYSE YEXT opened at $5.45 on Friday. The company has a 50-day simple moving average of $7.09 and a two-hundred day simple moving average of $8.04. Yext has a 12-month low of $4.66 and a 12-month high of $9.20. The firm has a market cap of $669.35 million, a price-to-earnings ratio of -543.96 and a beta of 0.98. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.63.

Yext (NYSE:YEXT) last released its earnings results on Monday, December 8th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. Yext had a return on equity of 18.57% and a net margin of 5.89%.The company had revenue of $112.00 million during the quarter, compared to analyst estimates of $113.07 million. During the same quarter in the previous year, the company posted $0.12 EPS. Yext’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, equities analysts forecast that Yext will post -0.12 EPS for the current year.

Yext Company Profile

Yext, Inc is a software-as-a-service company that provides a platform for digital knowledge management. Its core offering enables businesses to centrally manage and synchronize public-facing information—such as location details, product descriptions and service offerings—across a network of search engines, mapping services, voice assistants and third-party directories.

The Yext platform is built around a proprietary Knowledge Graph, which stores and structures data to ensure consistency and accuracy.