Yext (NYSE:YEXT) Stock Rated “Hold” by Sell-Side Analysts

by · The Markets Daily

Shares of Yext (NYSE:YEXT – Get Free Report) have been given an average rating of “Hold” by the five brokerages that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $6.33.

A number of brokerages recently commented on YEXT. Zacks Research lowered shares of Yext from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. B. Riley Financial restated a “neutral” rating on shares of Yext in a research 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 upgraded Yext from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, September 28th.

Check Out Our Latest Report on YEXT

Insider Buying and Selling at Yext

In related news, General Counsel Ho Shin sold 30,000 shares of Yext stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $6.39, for a total transaction of $191,700.00. Following the completion of the sale, the general counsel directly owned 289,269 shares of the company’s stock, valued at approximately $1,848,428.91. This trade represents a 9.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 7.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new stake in shares of Yext in the second quarter valued at about $31,000. Legal & General Group Plc acquired a new position in shares of Yext in the second quarter valued at about $39,000. New York State Teachers Retirement System grew its stake in shares of Yext by 9,253.0% in the first quarter. New York State Teachers Retirement System now owns 9,353 shares of the company’s stock valued at $36,000 after acquiring an additional 9,253 shares in the last quarter. Gamco Investors INC. ET AL acquired a new position in shares of Yext in the first quarter valued at about $38,000. Finally, Able Wealth Management LLC bought a new position in Yext during the first quarter worth about $48,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Yext Price Performance

NYSE:YEXT opened at $7.44 on Thursday. Yext has a one year low of $3.27 and a one year high of $9.03. The company has a market cap of $736.71 million, a P/E ratio of 43.78 and a beta of 1.14. The firm’s fifty day moving average price is $6.72 and its two-hundred day moving average price is $5.38. The company has a debt-to-equity ratio of 4.14, a current ratio of 0.83 and a quick ratio of 0.83.

Yext (NYSE:YEXT – Get Free Report) last issued its quarterly earnings data on Tuesday, September 1st. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.04. The company had revenue of $111.10 million for the quarter, compared to analyst estimates of $111.30 million. Yext had a net margin of 5.90% and a return on equity of 43.23%. The company’s revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.13 earnings per share. Equities analysts expect that Yext will post 0.46 earnings per share for the current year.

Yext Company Profile

(Get Free Report)

Yext, Inc is a technology company that helps organizations manage and improve their digital presence across search engines, websites, maps, social networks and other online services. Its platform is designed to provide accurate, consistent and up-to-date information about businesses, products, locations and services across digital channels.

Yext’s offerings include tools for managing business listings, location and entity data, website content, customer reviews and digital search experiences.

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