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

Shares of Yext (NYSE:YEXT) have been given an average rating of “Hold” by the five ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $6.6667.

YEXT has been the subject of several research reports. Wall Street Zen lowered shares of Yext from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Zacks Research lowered Yext from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Finally, Weiss Ratings raised Yext from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, June 3rd.

Insider Transactions at Yext

In other news, Director Seth H. Waugh bought 133,000 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was acquired at an average price of $3.75 per share, with a total value of $498,750.00. Following the completion of the purchase, the director directly owned 319,411 shares in the company, valued at $1,197,791.25. This represents a 71.35% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Daniel J. Englander purchased 76,190 shares of Yext stock in a transaction on Monday, July 13th. The shares were acquired at an average price of $5.22 per share, for a total transaction of $397,711.80. Following the completion of the transaction, the director directly owned 141,190 shares of the company’s stock, valued at approximately $737,011.80. The trade was a 117.22% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 7.80% of the company’s stock.

Institutional Investors Weigh In On Yext

A number of hedge funds have recently made changes to their positions in the business. Clearstead Advisors LLC grew its holdings in shares of Yext by 147.1% during 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 last quarter. Public Employees Retirement System of Ohio purchased a new position in Yext in the 2nd quarter worth $31,000. Legal & General Group Plc bought a new stake in Yext in the second quarter worth $39,000. New York State Teachers Retirement System lifted its stake in Yext by 9,253.0% in the first quarter. New York State Teachers Retirement System now owns 9,353 shares of the company’s stock worth $36,000 after purchasing an additional 9,253 shares during the last quarter. Finally, Gamco Investors INC. ET AL bought a new stake in Yext in the first quarter worth $38,000. 70.98% of the stock is currently owned by institutional investors.

Yext Price Performance

Shares of NYSE:YEXT opened at $6.36 on Friday. The company’s fifty day moving average price is $5.17 and its 200-day moving average price is $4.69. The company has a debt-to-equity ratio of 6.03, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market capitalization of $637.59 million, a price-to-earnings ratio of 90.86 and a beta of 1.13. Yext has a one year low of $3.27 and a one year high of $9.20.

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.