Yext (NYSE:YEXT) Stock Now Rated “Hold” by Wall Street Analysts

Yext (NYSE:YEXT) has been given a consensus recommendation of “Hold” by the five brokerages that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $6.33.

A number of equities analysts recently commented on the company. B. Riley Financial reiterated a “neutral” rating on shares of Yext in a report on Wednesday, September 2nd. Weiss Ratings upgraded Yext from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, September 28th. Wall Street Zen upgraded Yext from a “hold” rating to a “strong-buy” rating in a research note on Saturday, September 5th. Finally, Zacks Research cut Yext from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th.

Yext Price Performance

Shares of YEXT opened at $7.86 on Thursday. The company has a market cap of $777.48 million, a price-to-earnings ratio of 46.21 and a beta of 1.12. Yext has a 1-year low of $3.27 and a 1-year high of $9.03. The company’s fifty day simple moving average is $6.76 and its 200 day simple moving average is $5.38. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 4.14.

Yext (NYSE:YEXT) last posted its quarterly earnings results on Tuesday, September 1st. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04. The firm 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 quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.13 earnings per share. On average, research analysts forecast that Yext will post 0.46 earnings per share for the current fiscal year.

Insider Buying and Selling at Yext

In related news, General Counsel Ho Shin sold 30,000 shares of the stock in a transaction on Friday, September 11th. The stock was sold at an average price of $6.39, for a total value of $191,700.00. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On Yext

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lead Edge Capital Management LLC bought a new position in Yext in the 2nd quarter valued at about $36,628,192. BlackRock Inc. bought a new stake in shares of Yext during the second quarter worth approximately $34,536,000. Dimensional Fund Advisors LP boosted its holdings in shares of Yext by 21.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,131,636 shares of the company’s stock worth $8,185,000 after acquiring an additional 373,953 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Yext by 0.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,309,665 shares of the company’s stock valued at $5,029,000 after purchasing an additional 6,395 shares during the last quarter. Finally, First Trust Advisors LP grew its position in shares of Yext by 9.0% in the first quarter. First Trust Advisors LP now owns 761,921 shares of the company’s stock valued at $2,926,000 after purchasing an additional 62,942 shares during the last quarter. 70.98% of the stock is owned by institutional investors.

Yext Company Profile

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.