Yext (NYSE:YEXT) Shares Gap Up – Time to Buy?

Shares of Yext (NYSE:YEXT) gapped up prior to trading on Tuesday . The stock had previously closed at $4.91, but opened at $5.63. Yext shares last traded at $5.5150, with a volume of 1,918,239 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on YEXT shares. Weiss Ratings cut Yext from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, December 29th. DA Davidson reduced their price objective on shares of Yext from $8.25 to $6.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 4th. Finally, Wall Street Zen upgraded Yext from a “hold” rating to a “buy” rating in a research note on Sunday, January 18th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Yext has an average rating of “Hold” and an average target price of $8.88.

Yext Stock Up 11.5%

The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.63. The firm has a 50-day moving average of $7.70 and a 200 day moving average of $8.23. The stock has a market capitalization of $671.40 million, a price-to-earnings ratio of -548.95 and a beta of 0.98.

Yext (NYSE:YEXT) last announced its earnings results on Monday, December 8th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. The business had revenue of $112.00 million during the quarter, compared to the consensus estimate of $113.07 million. Yext had a net margin of 5.89% and a return on equity of 18.57%. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.12 earnings per share. On average, sell-side analysts anticipate that Yext will post -0.12 earnings per share for the current year.

Institutional Trading of Yext

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Clearstead Advisors LLC increased its position in shares of Yext by 147.1% in the 4th quarter. Clearstead Advisors LLC now owns 4,677 shares of the company’s stock worth $38,000 after purchasing an additional 2,784 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in Yext during the third quarter valued at approximately $48,000. MQS Management LLC bought a new position in Yext during the 4th quarter worth approximately $86,000. Optas LLC acquired a new position in shares of Yext in the 4th quarter worth approximately $88,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of Yext in the 3rd quarter valued at approximately $90,000. Institutional investors own 70.98% of the company’s stock.

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.