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

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

Several equities research analysts recently commented on the stock. Weiss Ratings lowered shares of Yext from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Yext from a “hold” rating to a “buy” rating in a research report on Sunday, January 18th.

Institutional Trading of Yext

A number of large investors have recently made changes to their positions in YEXT. Hudson Bay Capital Management LP purchased a new position in Yext in the 3rd quarter valued at about $11,121,000. Millennium Management LLC purchased a new position in shares of Yext during the first quarter valued at approximately $3,964,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in Yext by 57.6% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,629,919 shares of the company’s stock worth $13,854,000 after acquiring an additional 595,819 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new stake in Yext in the 2nd quarter worth approximately $5,027,000. Finally, Qube Research & Technologies Ltd raised its holdings in Yext by 97.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 957,958 shares of the company’s stock valued at $8,143,000 after acquiring an additional 472,000 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Yext Stock Down 24.0%

Shares of NYSE YEXT opened at $5.45 on Tuesday. The stock has a market capitalization of $667.72 million, a price-to-earnings ratio of -543.96 and a beta of 0.98. Yext has a 52 week low of $5.42 and a 52 week high of $9.20. The firm has a 50-day moving average price of $8.05 and a 200 day moving average price of $8.35. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.63.

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

Yext Company Profile

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.