Yext (NYSE:YEXT) Receives Consensus Rating of “Hold” from Brokerages

Shares of Yext (NYSE:YEXT) have earned a consensus rating of “Hold” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $7.50.

A number of equities research analysts recently commented on YEXT shares. Roth Mkm downgraded Yext from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $9.50 to $6.00 in a research report on Wednesday, March 11th. B. Riley Financial decreased their target price on Yext from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. DA Davidson restated a “neutral” rating and set a $6.00 price objective on shares of Yext in a research report on Wednesday, March 11th. Weiss Ratings upgraded Yext from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, June 3rd. Finally, Wall Street Zen downgraded Yext from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd.

Yext Stock Performance

Shares of NYSE YEXT opened at $4.69 on Friday. The company has a debt-to-equity ratio of 6.03, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market cap of $469.77 million, a P/E ratio of 66.94 and a beta of 1.16. The firm’s fifty day moving average is $3.93 and its two-hundred day moving average is $5.33. Yext has a 52-week low of $3.27 and a 52-week high of $9.20.

Yext (NYSE:YEXT) last posted its earnings results on Tuesday, June 2nd. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The company had revenue of $107.92 million for the quarter, compared to the consensus estimate of $110.70 million. Yext had a return on equity of 43.47% and a net margin of 8.93%.The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.13 earnings per share. As a group, analysts anticipate that Yext will post 0.41 EPS for the current fiscal year.

Insider Buying and Selling

In other Yext news, CAO Allan Tang sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $3.62, for a total transaction of $36,200.00. Following the sale, the chief accounting officer directly owned 7,848 shares in the company, valued at $28,409.76. This represents a 56.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Seth H. Waugh acquired 133,000 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were bought at an average price of $3.75 per share, for a total transaction of $498,750.00. Following the completion of the transaction, the director owned 319,411 shares of the company’s stock, valued at approximately $1,197,791.25. This trade represents a 71.35% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 7.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Clearstead Advisors LLC grew its stake in shares of Yext by 147.1% during the fourth quarter. Clearstead Advisors LLC now owns 4,677 shares of the company’s stock valued at $38,000 after buying an additional 2,784 shares during the last quarter. New York State Teachers Retirement System grew its stake in shares of Yext by 9,253.0% during the first quarter. New York State Teachers Retirement System now owns 9,353 shares of the company’s stock valued at $36,000 after buying an additional 9,253 shares during the last quarter. Gamco Investors INC. ET AL bought a new position in shares of Yext during the first quarter valued at approximately $38,000. Landscape Capital Management L.L.C. bought a new position in shares of Yext during the fourth quarter valued at approximately $82,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Yext during the third quarter valued at approximately $90,000. Institutional investors own 70.98% of the company’s stock.

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.