Yext (NYSE:YEXT) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Yext (NYSE:YEXT) have received a consensus rating of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $7.50.

A number of analysts recently commented on the stock. Wall Street Zen cut shares of Yext from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Weiss Ratings upgraded Yext from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 3rd. Finally, Zacks Research raised Yext from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th.

Yext Stock Up 1.9%

Shares of NYSE:YEXT opened at $5.01 on Tuesday. The company has a 50 day moving average price of $4.40 and a two-hundred day moving average price of $4.96. The company has a debt-to-equity ratio of 6.03, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market capitalization of $502.75 million, a PE ratio of 71.64 and a beta of 1.14. Yext has a 52 week low of $3.27 and a 52 week high of $9.20.

Insider Buying and Selling

In related news, Director Seth H. Waugh acquired 133,000 shares of the stock in a transaction dated Thursday, June 11th. The stock was bought at an average price of $3.75 per share, with a total value of $498,750.00. Following the completion of the transaction, the director directly owned 319,411 shares of the company’s stock, valued at approximately $1,197,791.25. The trade was a 71.35% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel J. Englander acquired 76,190 shares of the company’s stock in a transaction that occurred on Monday, July 13th. The shares were bought at an average price of $5.22 per share, for a total transaction of $397,711.80. Following the completion of the acquisition, the director owned 141,190 shares of the company’s stock, valued at $737,011.80. This trade represents a 117.22% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On Yext

Large investors have recently added to or reduced their stakes in the company. Clearstead Advisors LLC raised its stake in shares of Yext by 147.1% in the 4th quarter. Clearstead Advisors LLC now owns 4,677 shares of the company’s stock valued at $38,000 after purchasing an additional 2,784 shares during the period. New York State Teachers Retirement System boosted its position in shares of Yext by 9,253.0% during the first quarter. New York State Teachers Retirement System now owns 9,353 shares of the company’s stock worth $36,000 after buying an additional 9,253 shares during the period. Gamco Investors INC. ET AL bought a new position in shares of Yext during the first quarter worth about $38,000. Landscape Capital Management L.L.C. bought a new position in shares of Yext during the fourth quarter worth about $82,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in Yext in the 3rd quarter valued at approximately $90,000. Institutional investors own 70.98% of the company’s stock.

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.