Yext (NYSE:YEXT) Receives $7.50 Consensus Target Price from Analysts

Yext (NYSE:YEXT) has been assigned a consensus rating of “Hold” from the six ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $7.50.

YEXT has been the topic of a number of recent analyst reports. Weiss Ratings downgraded shares of Yext from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, March 2nd. DA Davidson reaffirmed a “neutral” rating and set a $6.00 target price on shares of Yext in a report on Wednesday, March 11th. B. Riley Financial lowered their target price on shares of Yext from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. Wall Street Zen downgraded shares of Yext from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Finally, Roth Mkm downgraded shares of Yext from a “buy” rating to a “neutral” rating and cut their price target for the company from $9.50 to $6.00 in a report on Wednesday, March 11th.

Insider Transactions at Yext

In related news, CAO Allan Tang sold 10,000 shares of the business’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $3.62, for a total transaction of $36,200.00. Following the completion of the transaction, the chief accounting officer directly owned 7,848 shares in the company, valued at $28,409.76. The trade was a 56.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 5.20% of the company’s stock.

Institutional Trading of Yext

A number of large investors have recently modified their holdings of YEXT. Lynrock Lake LP increased its position in shares of Yext by 23.3% in the fourth quarter. Lynrock Lake LP now owns 15,132,384 shares of the company’s stock worth $121,967,000 after purchasing an additional 2,861,653 shares during the last quarter. Hudson Bay Capital Management LP grew its stake in Yext by 126.2% in the 4th quarter. Hudson Bay Capital Management LP now owns 2,952,453 shares of the company’s stock worth $23,797,000 after buying an additional 1,647,174 shares in the last quarter. OP Asset Management Ltd purchased a new position in Yext in the 1st quarter worth approximately $3,915,000. First Trust Advisors LP bought a new position in shares of Yext in the 4th quarter worth $5,634,000. Finally, Millennium Management LLC bought a new position in shares of Yext in the 1st quarter worth $3,964,000. Institutional investors own 70.98% of the company’s stock.

Yext Trading Down 6.6%

Shares of YEXT stock opened at $3.76 on Thursday. The stock has a market capitalization of $375.91 million, a price-to-earnings ratio of 62.59 and a beta of 1.14. The company’s fifty day simple moving average is $4.37 and its two-hundred day simple moving average is $6.48. Yext has a 1 year low of $3.29 and a 1 year high of $9.20. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.07 and a quick ratio of 1.07.

Yext (NYSE:YEXT) last announced its quarterly earnings results on Monday, March 9th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.01. Yext had a return on equity of 29.61% and a net margin of 8.48%.The company had revenue of $112.00 million during the quarter, compared to analysts’ expectations of $114.21 million. During the same period in the previous year, the business earned $0.13 earnings per share. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. As a group, analysts anticipate that Yext will post 0.31 earnings per share for the current year.

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.