Yext (NYSE:YEXT) Releases Quarterly Earnings Results, Misses Estimates By $0.20 EPS

Yext (NYSE:YEXT) released its quarterly earnings data on Wednesday. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.20), Zacks reports. Yext had a negative net margin of 4.64% and a negative return on equity of 11.10%.

Yext Price Performance

Shares of NYSE:YEXT traded down $0.07 during trading on Wednesday, hitting $6.55. The company’s stock had a trading volume of 1,420,235 shares, compared to its average volume of 656,307. The firm has a market cap of $835.28 million, a price-to-earnings ratio of -43.63 and a beta of 1.34. The company has a 50-day moving average of $6.52 and a 200-day moving average of $6.73. Yext has a 12 month low of $4.29 and a 12 month high of $8.75.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on YEXT. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 price target on shares of Yext in a report on Wednesday, February 12th. Roth Mkm restated a “buy” rating and issued a $9.50 target price (down previously from $10.50) on shares of Yext in a report on Wednesday, February 26th. Finally, DA Davidson boosted their target price on shares of Yext from $5.75 to $7.50 and gave the company a “neutral” rating in a research note on Tuesday, December 10th.

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.