Brokerages Set Yext (NYSE:YEXT) PT at $9.44

Shares of Yext (NYSE:YEXT) have received an average recommendation of “Hold” from the six analysts that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $9.4375.

A number of research firms recently commented on YEXT. Zacks Research downgraded Yext from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Yext in a report on Wednesday, October 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 target price on shares of Yext in a report on Monday, August 18th. Finally, Wall Street Zen raised Yext from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 13th.

Yext Price Performance

YEXT opened at $8.51 on Friday. The business’s 50-day moving average is $8.68 and its two-hundred day moving average is $7.90. Yext has a 1 year low of $5.51 and a 1 year high of $9.20. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market capitalization of $1.05 billion, a PE ratio of -70.87 and a beta of 0.92.

Yext (NYSE:YEXT) last issued its quarterly earnings results on Monday, September 8th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.09). Yext had a return on equity of 4.90% and a net margin of 1.66%.The business had revenue of $113.09 million for the quarter, compared to analysts’ expectations of $111.24 million. During the same quarter in the previous year, the firm posted $0.05 EPS. Yext’s revenue was up 15.5% on a year-over-year basis. Research analysts anticipate that Yext will post -0.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of YEXT. Summit Trail Advisors LLC lifted its holdings in Yext by 2.8% in the first quarter. Summit Trail Advisors LLC now owns 193,259 shares of the company’s stock valued at $1,190,000 after acquiring an additional 5,220 shares during the period. Teacher Retirement System of Texas raised its stake in shares of Yext by 19.5% during the 1st quarter. Teacher Retirement System of Texas now owns 37,026 shares of the company’s stock worth $228,000 after buying an additional 6,039 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Yext by 0.9% during the 1st quarter. Bank of New York Mellon Corp now owns 329,329 shares of the company’s stock worth $2,029,000 after buying an additional 2,776 shares during the period. Victory Capital Management Inc. raised its stake in shares of Yext by 88.2% during the 1st quarter. Victory Capital Management Inc. now owns 129,163 shares of the company’s stock worth $796,000 after buying an additional 60,544 shares during the period. Finally, Allianz Asset Management GmbH acquired a new position in shares of Yext during the 1st quarter worth approximately $180,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Yext Company Profile

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.