Yext (YEXT) Releases Q4 Earnings Guidance
Yext (NYSE:YEXT) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of ($0.12)-($0.10) for the period, compared to the Thomson Reuters consensus estimate of ($0.11). The company issued revenue guidance of $47.3-48.3 million, compared to the consensus revenue estimate of $48.51 million.
Yext (YEXT) traded down $0.58 during midday trading on Thursday, reaching $14.04. 492,900 shares of the company’s stock traded hands, compared to its average volume of 314,881. Yext has a fifty-two week low of $11.12 and a fifty-two week high of $15.11.
Yext (NYSE:YEXT) last posted its 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 for the quarter, compared to analyst estimates of $40.30 million. During the same quarter in the previous year, the company earned ($0.22) EPS. Yext’s quarterly revenue was up 37.9% on a year-over-year basis. equities analysts anticipate that Yext will post -0.71 earnings per share for the current fiscal year.
Several analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Yext from a sell rating to a hold rating in a research report on Wednesday, November 8th. KeyCorp restated a buy rating and set a $16.00 price objective on shares of Yext in a research report on Sunday, November 5th. BidaskClub upgraded shares of Yext from a sell rating to a hold rating in a research report on Saturday, November 4th. Piper Jaffray Companies restated a buy rating and set a $17.00 price objective on shares of Yext in a research report on Thursday, October 12th. Finally, Royal Bank Of Canada restated a buy rating and set a $18.00 price objective on shares of Yext in a research report on Friday, September 22nd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of Hold and a consensus target price of $16.20.
In other news, insider Tom Christopher Dixon sold 12,500 shares of Yext stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $12.94, for a total transaction of $161,750.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Brian Distelburger sold 8,160 shares of Yext stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $11.39, for a total transaction of $92,942.40. The disclosure for this sale can be found here. In the last three months, insiders sold 261,679 shares of company stock worth $3,209,999.
An institutional investor recently bought a new position in Yext stock. California State Teachers Retirement System bought a new stake in shares of Yext Inc. (NYSE:YEXT) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 21,500 shares of the company’s stock, valued at approximately $287,000. Institutional investors own 28.90% of the company’s stock.
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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.
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