Yext (NYSE:YEXT) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Yext (NYSE:YEXT) issued its quarterly earnings data on Tuesday. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04, FiscalAI reports. Yext had a return on equity of 43.47% and a net margin of 8.93%.The firm had revenue of $111.10 million for the quarter, compared to analyst estimates of $111.30 million.

Yext Price Performance

Shares of YEXT stock opened at $6.78 on Tuesday. The company has a market capitalization of $679.70 million, a P/E ratio of 96.86 and a beta of 1.13. The company’s 50-day simple moving average is $5.50 and its two-hundred day simple moving average is $4.76. Yext has a one year low of $3.27 and a one year high of $9.20. The company has a debt-to-equity ratio of 6.03, a current ratio of 0.79 and a quick ratio of 0.79.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on YEXT. Zacks Research cut shares of Yext from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. Weiss Ratings upgraded Yext from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $6.67.

Insiders Place Their Bets

In other news, Director Seth H. Waugh bought 133,000 shares of the stock in a transaction on Thursday, June 11th. The stock was acquired at an average cost of $3.75 per share, for a total transaction of $498,750.00. Following the acquisition, the director owned 319,411 shares of the company’s stock, valued at $1,197,791.25. This represents a 71.35% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel J. Englander acquired 76,190 shares of the firm’s stock in a transaction that occurred on Monday, July 13th. The stock was purchased at an average price of $5.22 per share, with a total value of $397,711.80. Following the completion of the acquisition, the director directly owned 141,190 shares of the company’s stock, valued at $737,011.80. This represents a 117.22% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On Yext

A number of hedge funds and other institutional investors have recently modified their holdings of YEXT. Martingale Asset Management L P lifted its holdings in Yext by 9.1% in the fourth quarter. Martingale Asset Management L P now owns 109,401 shares of the company’s stock valued at $882,000 after acquiring an additional 9,080 shares during the period. SummitTX Capital L.P. purchased a new stake in Yext during the fourth quarter worth $724,000. Lazard Asset Management LLC boosted its holdings in Yext by 245.3% during the third quarter. Lazard Asset Management LLC now owns 73,724 shares of the company’s stock worth $628,000 after buying an additional 52,374 shares in the last quarter. Integrated Quantitative Investments LLC grew its position in Yext by 64.9% during the fourth quarter. Integrated Quantitative Investments LLC now owns 69,562 shares of the company’s stock valued at $561,000 after buying an additional 27,369 shares during the period. Finally, Oxford Asset Management LLP acquired a new stake in Yext during the fourth quarter valued at $556,000. 70.98% of the stock is currently owned by institutional investors.

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.