Yext (YEXT) Receiving Somewhat Positive Media Coverage, Study Shows
Media coverage about Yext (NYSE:YEXT) has been trending somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Yext earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave media headlines about the company an impact score of 45.4685490970302 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news stories that may have impacted Accern’s analysis:
- Heard at ONWARD: How Volvo Finds Success with Yext (4-traders.com)
- Yext Sees Unusually High Options Volume (YEXT) (americanbankingnews.com)
- Yext, Inc. – Value Analysis (NYSE:YEXT) : November 16, 2017 (finance.yahoo.com)
- Yext, Inc. to Report Third Quarter Financial Results on November 30, 2017 (finance.yahoo.com)
- 3 More Stocks Poised to Surge on Artificial Intelligence Wave (msn.com)
Several research firms have issued reports on YEXT. BidaskClub raised Yext from a “sell” rating to a “hold” rating in a report on Thursday, September 7th. Zacks Investment Research cut Yext from a “hold” rating to a “sell” rating in a report on Wednesday, September 13th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $18.00 price target on shares of Yext in a report on Friday, September 22nd. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $17.00 price target on shares of Yext in a report on Monday, August 28th. Finally, KeyCorp raised Yext from a “sector weight” rating to an “overweight” rating in a report on Monday, October 16th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $16.20.
Yext (NYSE:YEXT) traded up $0.10 during midday trading on Wednesday, hitting $13.05. The company’s stock had a trading volume of 408,138 shares, compared to its average volume of 306,502. Yext has a 52 week low of $11.12 and a 52 week high of $15.11.
Yext (NYSE:YEXT) last posted its quarterly earnings results on Wednesday, September 6th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.04). The business had revenue of $40.77 million during the quarter, compared to the consensus estimate of $40.30 million. The business’s quarterly revenue was up 37.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.22) earnings per share. equities research analysts forecast that Yext will post -0.71 EPS for the current fiscal year.
In other Yext news, CEO Howard Lerman sold 25,000 shares of the business’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $12.04, for a total transaction of $301,000.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Tom Christopher Dixon sold 12,500 shares of the business’s stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $12.15, for a total transaction of $151,875.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 216,019 shares of company stock worth $2,618,506.
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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.
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