Yext (NYSE:YEXT) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Yext (NYSE:YEXT) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $8.8750.

Several research firms have recently commented on YEXT. Wall Street Zen lowered Yext from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. DA Davidson dropped their target price on Yext from $8.25 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday, February 4th. Finally, Weiss Ratings upgraded shares of Yext from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, February 13th.

Hedge Funds Weigh In On Yext

Several institutional investors have recently modified their holdings of YEXT. Clearstead Advisors LLC increased its holdings in Yext by 147.1% during the 4th quarter. Clearstead Advisors LLC now owns 4,677 shares of the company’s stock worth $38,000 after purchasing an additional 2,784 shares during the period. State of Alaska Department of Revenue purchased a new position in Yext in the third quarter valued at $48,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Yext during the 4th quarter worth about $82,000. MQS Management LLC purchased a new stake in Yext during the fourth quarter worth approximately $86,000. Finally, Optas LLC acquired a new position in Yext in the fourth quarter valued at approximately $88,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Yext Stock Performance

Yext stock opened at $5.54 on Friday. The firm has a 50 day simple moving average of $7.15 and a 200-day simple moving average of $8.06. Yext has a 1-year low of $4.66 and a 1-year high of $9.20. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market cap of $680.42 million, a price-to-earnings ratio of -552.95 and a beta of 0.98.

Yext (NYSE:YEXT) last released its quarterly earnings results on Monday, December 8th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. The firm had revenue of $112.00 million for the quarter, compared to analyst estimates of $113.07 million. Yext had a net margin of 5.89% and a return on equity of 18.57%. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.12 EPS. On average, analysts expect that Yext will post -0.12 EPS for the current year.

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.