Yext (NYSE:YEXT) Receives Consensus Recommendation of “Reduce” from Analysts

by · The Cerbat Gem

Shares of Yext (NYSE:YEXT – Get Free Report) have received an average rating of “Reduce” from the six brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $6.3333.

YEXT has been the subject of a number of recent analyst reports. Zacks Research cut shares of Yext from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. B Riley reaffirmed a “neutral” rating on shares of Yext in a research note on Wednesday, September 2nd. B. Riley Financial upped their target price on Yext from $5.00 to $7.00 and gave the stock a “neutral” rating in a report on Wednesday, September 2nd. Wall Street Zen upgraded Yext from a “hold” rating to a “strong-buy” rating in a report on Saturday, September 5th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Yext in a report on Monday, August 31st.

Get Our Latest Stock Analysis on Yext

Yext Price Performance

NYSE:YEXT opened at $6.38 on Wednesday. The business’s 50-day moving average is $5.84 and its 200 day moving average is $4.81. Yext has a 12 month low of $3.27 and a 12 month high of $9.03. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 4.14. The company has a market capitalization of $631.00 million, a P/E ratio of 37.50 and a beta of 1.15.

Yext (NYSE:YEXT – Get Free Report) last posted its earnings results on Tuesday, September 1st. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The firm had revenue of $111.10 million for the quarter, compared to the consensus estimate of $111.30 million. Yext had a net margin of 5.90% and a return on equity of 43.23%. The business’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.13 EPS. On average, equities research analysts forecast that Yext will post 0.46 earnings per share for the current fiscal year.

Insider Activity at Yext

In other news, Director Daniel J. Englander purchased 76,190 shares of the stock in a transaction on Monday, July 13th. The stock was bought at an average price of $5.22 per share, with a total value of $397,711.80. Following the transaction, the director owned 141,190 shares in the company, valued at $737,011.80. The trade was a 117.22% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Ho Shin sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $6.39, for a total value of $191,700.00. Following the completion of the sale, the general counsel owned 289,269 shares in the company, valued at approximately $1,848,428.91. This represents a 9.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 7.80% of the company’s stock.

Institutional Investors Weigh In On Yext

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Clearstead Advisors LLC grew its holdings in Yext by 147.1% during the fourth quarter. Clearstead Advisors LLC now owns 4,677 shares of the company’s stock worth $38,000 after acquiring an additional 2,784 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Yext in the 2nd quarter worth $31,000. Legal & General Group Plc acquired a new position in Yext during the second quarter worth $39,000. New York State Teachers Retirement System raised its position in 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 worth $36,000 after acquiring an additional 9,253 shares during the period. Finally, Gamco Investors INC. ET AL acquired a new stake in shares of Yext in the first quarter valued at about $38,000. 70.98% of the stock is owned by institutional investors and hedge funds.

About Yext

(Get Free Report)

Yext, Inc (NYSE:YEXT) provides a digital experience platform that helps organizations manage and improve the information customers encounter across websites, search engines, maps, social networks and other digital services. Its technology is designed to help businesses deliver accurate, consistent and discoverable information across multiple online channels.

The company’s platform is built around a centralized knowledge base and includes tools for digital listings, website content, site search, reviews, analytics and customer engagement.

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