Yext (NYSE:YEXT) Receives $9.44 Average PT from Analysts

Yext (NYSE:YEXT) has received an average rating of “Hold” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $9.4375.

YEXT has been the topic of a number of research reports. Wall Street Zen upgraded shares of Yext from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 6th. Zacks Research lowered shares of Yext from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 price target on shares of Yext in a research report on Monday, August 18th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Yext in a research note on Monday.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. New Age Alpha Advisors LLC acquired a new stake in shares of Yext during the 1st quarter worth approximately $43,000. Deutsche Bank AG lifted its stake in shares of Yext by 61.0% in the 1st quarter. Deutsche Bank AG now owns 513,073 shares of the company’s stock valued at $3,161,000 after purchasing an additional 194,429 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in Yext by 21.8% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,034,100 shares of the company’s stock valued at $6,370,000 after buying an additional 185,116 shares during the period. Invesco Ltd. grew its position in Yext by 15.4% during the first quarter. Invesco Ltd. now owns 114,335 shares of the company’s stock valued at $704,000 after buying an additional 15,274 shares during the period. Finally, Entropy Technologies LP increased its holdings in Yext by 24.3% in the first quarter. Entropy Technologies LP now owns 16,898 shares of the company’s stock valued at $104,000 after buying an additional 3,298 shares in the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Yext Trading Down 0.4%

Yext stock opened at $8.39 on Monday. The stock has a 50-day moving average price of $8.46 and a 200 day moving average price of $8.38. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of -837.66 and a beta of 0.91. Yext has a 52 week low of $5.51 and a 52 week high of $9.20. The company has a quick ratio of 1.05, a current ratio of 1.09 and a debt-to-equity ratio of 0.63.

Yext (NYSE:YEXT) last issued its quarterly earnings results on Monday, December 8th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. Yext had a net margin of 5.89% and a return on equity of 18.57%. The company had revenue of $112.00 million for the quarter, compared to the consensus estimate of $113.07 million. During the same quarter in the prior year, the company earned $0.12 EPS. Yext’s quarterly revenue was down 1.7% on a year-over-year basis. Sell-side analysts anticipate that Yext will post -0.12 EPS for the current year.

About Yext

Yext, Inc organizes business facts to provide answers to consumer questions in North America and internationally. It operates Yext platform, a cloud-based platform that allows its customers to offer answers to consumer questions, to control the facts about their businesses and the content of their landing pages, and to manage their consumer reviews; and provides customers to update their information and content through its publisher network of maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks, as well as professional services.