Analysts Set Yext (NYSE:YEXT) Price Target at $6.33

Yext (NYSE:YEXT) has received a consensus recommendation of “Reduce” from the six brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $6.3333.

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

Insider Buying and Selling at Yext

In other news, Director Daniel J. Englander purchased 76,190 shares of the company’s stock in a transaction that occurred on Monday, July 13th. The shares were purchased at an average price of $5.22 per share, with a total value of $397,711.80. Following the purchase, the director directly owned 141,190 shares of the company’s stock, valued at approximately $737,011.80. This represents a 117.22% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Ho Shin sold 30,000 shares of the business’s stock in a transaction 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 transaction, the general counsel owned 289,269 shares in the company, valued at $1,848,428.91. This represents a 9.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 7.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Yext

Several large investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Yext by 1.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 420,951 shares of the company’s stock worth $2,593,000 after acquiring an additional 4,802 shares in the last quarter. Millennium Management LLC acquired a new position in shares of Yext in the 1st quarter valued at approximately $3,964,000. Creative Planning acquired a new position in shares of Yext in the 2nd quarter valued at approximately $109,000. Rhumbline Advisers boosted its stake in shares of Yext by 2.9% during the 2nd quarter. Rhumbline Advisers now owns 160,040 shares of the company’s stock valued at $1,360,000 after buying an additional 4,444 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Yext by 35.9% during the 2nd quarter. American Century Companies Inc. now owns 222,726 shares of the company’s stock valued at $1,893,000 after buying an additional 58,859 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Yext Stock Performance

Shares of YEXT stock opened at $6.38 on Wednesday. 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 cap of $631.00 million, a PE ratio of 37.50 and a beta of 1.15. The company’s fifty day simple moving average is $5.84 and its 200-day simple moving average is $4.82. Yext has a 52 week low of $3.27 and a 52 week high of $9.03.

Yext (NYSE:YEXT) last announced its quarterly earnings results on Tuesday, September 1st. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.04. Yext had a return on equity of 43.23% and a net margin of 5.90%.The firm had revenue of $111.10 million during the quarter, compared to the consensus estimate of $111.30 million. During the same period in the prior year, the firm earned $0.13 EPS. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Yext will post 0.46 EPS 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.