Analysts Set Yext (NYSE:YEXT) Price Target at $7.50

Yext (NYSE:YEXT) has been assigned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $7.50.

A number of research analysts have recently commented on YEXT shares. Wall Street Zen cut Yext from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Zacks Research raised Yext from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Finally, Weiss Ratings upgraded Yext from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 3rd.

Insiders Place Their Bets

In other Yext news, Director Seth H. Waugh purchased 133,000 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was bought at an average cost of $3.75 per share, with a total value of $498,750.00. Following the transaction, the director directly owned 319,411 shares in the company, valued at approximately $1,197,791.25. The trade was a 71.35% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel J. Englander purchased 76,190 shares of the stock in a transaction that occurred on Monday, July 13th. The shares were acquired at an average cost of $5.22 per share, with a total value of $397,711.80. Following the completion of the transaction, the director owned 141,190 shares in the company, valued at $737,011.80. This trade represents a 117.22% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On Yext

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Pacer Advisors Inc. purchased a new position in shares of Yext during the first quarter valued at approximately $1,503,000. Bank of America Corp DE grew its stake in shares of Yext by 246.1% in the 1st quarter. Bank of America Corp DE now owns 498,564 shares of the company’s stock worth $1,914,000 after buying an additional 354,495 shares during the last quarter. Amundi increased its position in Yext by 28.1% during the 1st quarter. Amundi now owns 50,812 shares of the company’s stock valued at $195,000 after buying an additional 11,136 shares in the last quarter. Quantinno Capital Management LP increased its position in Yext by 173.7% during the 1st quarter. Quantinno Capital Management LP now owns 210,094 shares of the company’s stock valued at $807,000 after buying an additional 133,347 shares in the last quarter. Finally, Gabelli Funds LLC increased its position in Yext by 58.3% during the 1st quarter. Gabelli Funds LLC now owns 57,000 shares of the company’s stock valued at $219,000 after buying an additional 21,000 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Yext Stock Performance

Shares of YEXT opened at $4.92 on Tuesday. The company has a debt-to-equity ratio of 6.03, a current ratio of 0.79 and a quick ratio of 0.79. Yext has a one year low of $3.27 and a one year high of $9.20. The company has a 50-day simple moving average of $4.36 and a two-hundred day simple moving average of $4.96. The firm has a market capitalization of $493.73 million, a PE ratio of 70.36 and a beta of 1.14.

About Yext

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.