Yext Inc. (YEXT) Lowered to “Sell” at Zacks Investment Research
Zacks Investment Research cut shares of Yext Inc. (NYSE:YEXT) from a hold rating to a sell rating in a research report sent to investors on Tuesday.
According to Zacks, “Yext, Inc. provides digital media technology services. It offers advertising, monetization, phone and directory services which includes business listings on search sites and real-time reputation management. The Company provides Yext Knowledge Engine. It serves healthcare and pharmaceuticals, retail, financial services, manufacturing and technology industries. Yext, Inc. is based in New York. “
A number of other equities research analysts have also recently commented on the company. Royal Bank Of Canada reissued a buy rating and issued a $18.00 target price on shares of Yext in a research note on Friday, June 2nd. BidaskClub raised Yext from a sell rating to a hold rating in a research note on Thursday, September 7th. Morgan Stanley reissued an equal weight rating and issued a $15.00 target price (up from $14.00) on shares of Yext in a research note on Saturday, June 3rd. Finally, Piper Jaffray Companies reissued an overweight rating and issued a $17.00 target price on shares of Yext in a research note on Saturday, June 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $16.25.
Yext (NYSE:YEXT) opened at 12.90 on Tuesday. The company has a 50 day moving average price of $13.19 and a 200-day moving average price of $13.37. The company’s market capitalization is $1.16 billion. Yext has a one year low of $12.05 and a one year high of $15.11.
Yext (NYSE:YEXT) last issued its quarterly earnings results on Wednesday, September 6th. The company reported ($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.04). The company had revenue of $40.77 million during the quarter, compared to the consensus estimate of $40.30 million. The firm’s revenue for the quarter was up 37.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.22) earnings per share. Analysts expect that Yext will post ($0.51) EPS for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: This piece was originally reported by Daily Political and is the property of of Daily Political. If you are reading this piece on another site, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The original version of this piece can be read at https://www.dailypolitical.com/2017/09/23/yext-inc-yext-lowered-to-sell-at-zacks-investment-research.html.
Large investors have recently made changes to their positions in the company. Royal Bank of Canada bought a new position in shares of Yext during the second quarter valued at $100,000. Cubist Systematic Strategies LLC bought a new position in shares of Yext during the second quarter valued at $146,000. Rhumbline Advisers bought a new position in shares of Yext during the second quarter valued at $164,000. Alliancebernstein L.P. bought a new position in shares of Yext during the second quarter valued at $172,000. Finally, New York State Common Retirement Fund bought a new position in shares of Yext during the second quarter valued at $173,000. 29.18% of the stock is currently owned by hedge funds and other institutional investors.
Yext Company Profile
Yext Inc is a knowledge engine provider. Yext puts business on the map. The Yext Knowledge Engine enables companies to manage their digital knowledge in the cloud and sync it to over 100 services in the PowerListings Network, including Apple Maps, Bing, Cortana, Facebook, Google, Google Maps, Instagram, Siri and Yelp.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Yext Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yext Inc. and related companies with MarketBeat.com's FREE daily email newsletter.