Yext (NYSE:YEXT) Receives Consensus Rating of “Hold” from Brokerages

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

Several equities research analysts recently commented on YEXT shares. Wall Street Zen upgraded shares of Yext from a “hold” rating to a “buy” rating in a research report on Sunday, January 18th. Weiss Ratings downgraded Yext from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, December 29th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Yext by 1.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 420,951 shares of the company’s stock valued at $2,593,000 after buying an additional 4,802 shares during the period. Millennium Management LLC purchased a new position in Yext in the first quarter valued at about $3,964,000. HB Wealth Management LLC lifted its stake in shares of Yext by 79.5% during the second quarter. HB Wealth Management LLC now owns 45,144 shares of the company’s stock worth $384,000 after purchasing an additional 19,991 shares in the last quarter. 111 Capital purchased a new stake in shares of Yext during the 2nd quarter valued at about $100,000. Finally, CWM LLC raised its holdings in shares of Yext by 50.5% during the 2nd quarter. CWM LLC now owns 14,574 shares of the company’s stock valued at $124,000 after buying an additional 4,893 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Yext Price Performance

Shares of YEXT opened at $7.60 on Tuesday. The stock has a market cap of $932.48 million, a PE ratio of -759.64 and a beta of 0.96. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.09 and a quick ratio of 1.09. Yext has a 1-year low of $5.51 and a 1-year high of $9.20. The firm has a fifty day moving average price of $8.19 and a 200 day moving average price of $8.39.

Yext (NYSE:YEXT) last posted its quarterly earnings data on Monday, December 8th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. Yext had a return on equity of 18.57% and a net margin of 5.89%.The company had revenue of $112.00 million during the quarter, compared to analysts’ expectations of $113.07 million. During the same period last year, the firm earned $0.12 EPS. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Yext will post -0.12 EPS for the current year.

Yext Company Profile

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.