Yext (NYSE:YEXT) Stock Now Rated “Hold” by Sell-Side Analysts

Yext (NYSE:YEXT) has received a consensus recommendation of “Hold” from the five research firms that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold rating. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $6.33.

YEXT has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of Yext from a “hold” rating to a “strong-buy” rating in a research note on Saturday, September 5th. Zacks Research cut shares of Yext from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. Weiss Ratings raised shares of Yext from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, September 28th. Finally, B. Riley Financial reiterated a “neutral” rating on shares of Yext in a research note on Wednesday, September 2nd.

Insider Buying and Selling at Yext

In related news, General Counsel Ho Shin sold 30,000 shares of Yext stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $6.39, for a total value of $191,700.00. Following the completion of the sale, the general counsel owned 289,269 shares of the company’s stock, valued at approximately $1,848,428.91. This trade represents a 9.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Daniel J. Englander acquired 76,190 shares of the stock in a transaction that occurred on Monday, July 13th. The stock was purchased at an average price of $5.22 per share, for a total transaction of $397,711.80. Following the completion of the purchase, the director directly owned 141,190 shares in the company, valued at $737,011.80. This trade represents a 117.22% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 7.80% of the company’s stock.

Institutional Investors Weigh In On Yext

Several institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio purchased a new position in shares of Yext in the second quarter worth about $31,000. New York State Teachers Retirement System lifted its stake in shares of Yext by 9,253.0% during the 1st quarter. New York State Teachers Retirement System now owns 9,353 shares of the company’s stock valued at $36,000 after buying an additional 9,253 shares in the last quarter. Gamco Investors INC. ET AL bought a new position in Yext in the 1st quarter worth approximately $38,000. Legal & General Group Plc bought a new position in Yext in the 2nd quarter worth approximately $39,000. Finally, Able Wealth Management LLC bought a new position in Yext in the 1st quarter worth approximately $48,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Yext Trading Up 3.4%

NYSE YEXT opened at $6.84 on Friday. The stock has a market capitalization of $677.41 million, a price-to-earnings ratio of 40.26 and a beta of 1.14. Yext has a one year low of $3.27 and a one year high of $9.03. The company has a debt-to-equity ratio of 4.14, a current ratio of 0.83 and a quick ratio of 0.83. The business’s fifty day moving average is $6.30 and its 200-day moving average is $4.95.

Yext (NYSE:YEXT) last posted its quarterly earnings results on Tuesday, September 1st. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.04. Yext had a net margin of 5.90% and a return on equity of 43.23%. The company had revenue of $111.10 million during the quarter, compared to analyst estimates of $111.30 million. During the same quarter in the prior year, the business earned $0.13 earnings per share. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. Equities research analysts predict that Yext will post 0.46 EPS for the current year.

Yext Company Profile

Yext, Inc is a software company that helps businesses manage and optimize their digital information across websites, search engines, maps, social networks and other online services. Its platform is designed to give organizations greater control over how information about their locations, products, services and people is presented to customers.

The company’s offerings include tools for managing business listings, developing website pages, monitoring and responding to reviews, and providing search experiences for websites and other digital channels.