Analysts Set Yext (NYSE:YEXT) Price Target at $9.44

Shares of Yext (NYSE:YEXT) have received an average recommendation of “Hold” from the six research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $9.4375.

YEXT has been the subject of several analyst reports. Wall Street Zen upgraded shares of Yext from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 13th. Weiss Ratings restated a “sell (d)” rating on shares of Yext in a research note on Tuesday. Needham & Company LLC reiterated a “buy” rating and set a $10.00 target price on shares of Yext in a research note on Monday, August 18th. Finally, Zacks Research downgraded shares of Yext from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st.

Hedge Funds Weigh In On Yext

A number of hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue bought a new position in Yext during the 3rd quarter worth approximately $48,000. New Age Alpha Advisors LLC acquired a new position in Yext in the first quarter worth $43,000. 111 Capital bought a new stake in Yext during the second quarter valued at $100,000. Creative Planning acquired a new stake in shares of Yext during the second quarter worth $109,000. Finally, Martingale Asset Management L P raised its holdings in shares of Yext by 16.4% during the first quarter. Martingale Asset Management L P now owns 14,209 shares of the company’s stock worth $88,000 after purchasing an additional 2,002 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Yext Trading Down 2.1%

NYSE:YEXT opened at $8.44 on Thursday. The business’s 50-day moving average is $8.53 and its two-hundred day moving average is $8.16. The firm has a market capitalization of $1.04 billion, a PE ratio of -70.29 and a beta of 0.96. Yext has a 12 month low of $5.51 and a 12 month high of $9.20. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 1.05.

Yext (NYSE:YEXT) last posted its earnings results on Monday, September 8th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.09). The company had revenue of $113.09 million during the quarter, compared to analyst estimates of $111.24 million. Yext had a net margin of 1.66% and a return on equity of 4.90%. Yext’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 EPS. Research analysts predict that Yext will post -0.12 earnings per share for the current fiscal 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.