Yext (NYSE:YEXT) Given Consensus Rating of “Hold” by Analysts

Shares of Yext (NYSE:YEXT) have received a consensus rating of “Hold” from the five brokerages that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $8.6667.

YEXT has been the topic of several research reports. Weiss Ratings upgraded shares of Yext from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, February 13th. Wall Street Zen cut shares of Yext from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, DA Davidson decreased their target price on shares of Yext from $8.25 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th.

Hedge Funds Weigh In On Yext

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Clearstead Advisors LLC increased its position in shares of Yext by 147.1% during the 4th quarter. Clearstead Advisors LLC now owns 4,677 shares of the company’s stock valued at $38,000 after purchasing an additional 2,784 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in Yext during the third quarter worth $48,000. Landscape Capital Management L.L.C. bought a new position in Yext during the fourth quarter valued at $82,000. MQS Management LLC bought a new position in Yext during the fourth quarter valued at $86,000. Finally, Optas LLC purchased a new stake in shares of Yext in the fourth quarter valued at $88,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Yext Trading Up 2.5%

Shares of Yext stock opened at $5.56 on Friday. Yext has a twelve month low of $4.66 and a twelve month high of $9.20. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.63. The business has a 50-day moving average price of $6.97 and a 200-day moving average price of $8.01. The firm has a market cap of $682.88 million, a price-to-earnings ratio of -554.95 and a beta of 0.98.

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

About Yext

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.