Yext (NYSE:YEXT) Receives $6.33 Average Target Price from Analysts

Shares of Yext (NYSE:YEXT) have received an average recommendation of “Reduce” from the six brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $6.3333.

YEXT has been the topic of several recent research reports. Zacks Research cut shares of Yext from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. B. Riley Financial increased their target price on shares of Yext from $5.00 to $7.00 and gave the company a “neutral” rating in a research report on Wednesday, September 2nd. Wall Street Zen raised shares of Yext from a “hold” rating to a “strong-buy” rating in a research note on Saturday, September 5th. Weiss Ratings restated a “sell (d+)” rating on shares of Yext in a research report on Monday, August 31st. Finally, B Riley reaffirmed a “neutral” rating on shares of Yext in a research note on Wednesday, September 2nd.

Insider Buying and Selling

In related news, Director Daniel J. Englander purchased 76,190 shares of the company’s stock in a transaction dated Monday, July 13th. The stock was acquired at an average cost of $5.22 per share, for a total transaction of $397,711.80. Following the completion of the transaction, the director directly owned 141,190 shares of the company’s stock, valued at approximately $737,011.80. This trade represents a 117.22% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Ho Shin sold 30,000 shares of the stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $6.39, for a total value of $191,700.00. Following the completion of the sale, the general counsel directly owned 289,269 shares of the company’s stock, valued at approximately $1,848,428.91. This represents a 9.40% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 7.80% of the company’s stock.

Institutional Trading of Yext

Large investors have recently added to or reduced their stakes in the stock. Clearstead Advisors LLC boosted its holdings in Yext by 147.1% in the 4th quarter. Clearstead Advisors LLC now owns 4,677 shares of the company’s stock valued at $38,000 after purchasing an additional 2,784 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Yext during the second quarter worth about $31,000. Legal & General Group Plc acquired a new stake in Yext in the 2nd quarter valued at approximately $39,000. New York State Teachers Retirement System grew its stake in shares of Yext by 9,253.0% in the first quarter. New York State Teachers Retirement System now owns 9,353 shares of the company’s stock valued at $36,000 after buying an additional 9,253 shares in the last quarter. Finally, Gamco Investors INC. ET AL acquired a new stake in shares of Yext in the first quarter valued at $38,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Yext Stock Performance

NYSE YEXT opened at $6.39 on Wednesday. The company has a market cap of $632.98 million, a PE ratio of 37.62 and a beta of 1.15. The stock’s 50 day simple moving average is $5.89 and its 200-day simple moving average is $4.83. Yext has a 1-year low of $3.27 and a 1-year high of $9.03. The company has a debt-to-equity ratio of 4.14, a current ratio of 0.83 and a quick ratio of 0.83.

Yext (NYSE:YEXT) last issued its quarterly earnings results on Tuesday, September 1st. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.17 by $0.04. Yext had a return on equity of 43.23% and a net margin of 5.90%.The firm had revenue of $111.10 million during the quarter, compared to analysts’ expectations of $111.30 million. During the same period in the previous year, the business earned $0.13 earnings per share. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. As a group, equities research analysts anticipate that Yext will post 0.46 EPS for the current fiscal year.

About Yext

Yext, Inc (NYSE:YEXT) provides a digital experience platform that helps organizations manage and improve the information customers encounter across websites, search engines, maps, social networks and other digital services. Its technology is designed to help businesses deliver accurate, consistent and discoverable information across multiple online channels.

The company’s platform is built around a centralized knowledge base and includes tools for digital listings, website content, site search, reviews, analytics and customer engagement.