Yext (NYSE:YEXT) Given Consensus Rating of “Hold” by Brokerages

Yext (NYSE:YEXT) has earned an average rating of “Hold” from the six research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $9.4375.

Several brokerages recently issued reports on YEXT. Weiss Ratings reiterated a “sell (d+)” rating on shares of Yext in a report on Monday, November 24th. Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 target price on shares of Yext in a research report on Monday, August 18th. Wall Street Zen upgraded Yext from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Zacks Research cut Yext from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st.

Yext Stock Performance

Shares of YEXT opened at $8.90 on Monday. The company has a market capitalization of $1.10 billion, a PE ratio of -74.12 and a beta of 0.91. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.05. The company’s 50 day moving average price is $8.46 and its 200 day moving average price is $8.35. Yext has a 52 week low of $5.51 and a 52 week high of $9.20.

Yext (NYSE:YEXT) last issued 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). Yext had a net margin of 1.66% and a return on equity of 4.90%. The company had revenue of $113.09 million for the quarter, compared to analyst estimates of $111.24 million. During the same period last year, the business earned $0.05 EPS. The company’s quarterly revenue was up 15.5% on a year-over-year basis. Research analysts expect that Yext will post -0.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. CIBC Bancorp USA Inc. bought a new position in shares of Yext during the 3rd quarter valued at $92,000. Acuitas Investments LLC increased its position in Yext by 82.7% during the third quarter. Acuitas Investments LLC now owns 36,350 shares of the company’s stock worth $310,000 after buying an additional 16,450 shares during the last quarter. XTX Topco Ltd raised its holdings in Yext by 94.5% during the third quarter. XTX Topco Ltd now owns 133,179 shares of the company’s stock valued at $1,135,000 after buying an additional 64,703 shares in the last quarter. Verition Fund Management LLC raised its holdings in Yext by 43.1% during the third quarter. Verition Fund Management LLC now owns 30,651 shares of the company’s stock valued at $261,000 after buying an additional 9,235 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its position in shares of Yext by 38.9% in the third quarter. Qube Research & Technologies Ltd now owns 1,330,133 shares of the company’s stock worth $11,333,000 after buying an additional 372,175 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

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.