DA Davidson Analysts Give Yext (NYSE:YEXT) a $6.00 Price Target

Yext (NYSE:YEXTGet Rating) has been given a $6.00 target price by DA Davidson in a research report issued on Monday, Stock Target Advisor reports. DA Davidson’s target price indicates a potential upside of 15.61% from the stock’s previous close.

A number of other brokerages have also commented on YEXT. Needham & Company LLC lowered shares of Yext from a “buy” rating to a “hold” rating in a report on Wednesday, March 9th. MKM Partners decreased their target price on shares of Yext from $17.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, March 10th. Finally, Truist Financial downgraded shares of Yext from a “buy” rating to a “hold” rating and decreased their target price for the company from $17.00 to $6.00 in a research report on Wednesday, March 9th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $10.00.

YEXT traded up $0.22 during mid-day trading on Monday, hitting $5.19. The stock had a trading volume of 151,356 shares, compared to its average volume of 2,322,847. The stock’s fifty day simple moving average is $5.48 and its 200-day simple moving average is $7.25. The firm has a market capitalization of $641.42 million, a price-to-earnings ratio of -6.57 and a beta of 1.49. Yext has a 1-year low of $4.26 and a 1-year high of $15.11.

Yext (NYSE:YEXTGet Rating) last posted its earnings results on Wednesday, June 8th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.01. The company had revenue of $98.80 million for the quarter, compared to analyst estimates of $96.71 million. Yext had a negative net margin of 25.53% and a negative return on equity of 49.72%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the business posted ($0.14) earnings per share. As a group, analysts forecast that Yext will post -0.69 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC grew its position in shares of Yext by 204.4% in the 4th quarter. Acadian Asset Management LLC now owns 5,473 shares of the company’s stock valued at $54,000 after acquiring an additional 3,675 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Yext during the 3rd quarter worth about $71,000. Bank of Montreal Can acquired a new stake in shares of Yext during the 1st quarter worth about $75,000. Keybank National Association OH acquired a new stake in shares of Yext during the 1st quarter worth about $82,000. Finally, Pinnacle Wealth Planning Services Inc. acquired a new stake in shares of Yext during the 1st quarter worth about $85,000. 61.35% of the stock is owned by institutional investors.

About Yext (Get Rating)

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 provide answers to consumer questions, to control the facts about their businesses and the content of their landing pages, and to manage their consumer reviews, as well as provides customers to update their information and content through its knowledge network of approximately 200 maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks.

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