Yext (NYSE:YEXT) Given Average Rating of “Hold” by Brokerages

Yext (NYSE:YEXT) has been given an average recommendation of “Hold” by the six brokerages that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $7.50.

A number of research firms have recently weighed in on YEXT. Weiss Ratings cut Yext from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, March 2nd. DA Davidson reiterated a “neutral” rating and set a $6.00 price objective on shares of Yext in a research report on Wednesday, March 11th. B. Riley Financial cut their target price on shares of Yext from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Tuesday, March 10th. Roth Mkm lowered shares of Yext from a “buy” rating to a “neutral” rating and reduced their target price for the company from $9.50 to $6.00 in a report on Wednesday, March 11th. Finally, Wall Street Zen cut shares of Yext from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd.

Yext Trading Down 2.6%

Shares of YEXT opened at $3.56 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a 50 day simple moving average of $4.29 and a 200-day simple moving average of $6.42. Yext has a 1-year low of $3.29 and a 1-year high of $9.20. The stock has a market cap of $356.79 million, a price-to-earnings ratio of 59.41 and a beta of 1.14.

Yext (NYSE:YEXT) last posted its earnings results on Monday, March 9th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. The firm had revenue of $112.00 million for the quarter, compared to analyst estimates of $114.21 million. Yext had a return on equity of 29.61% and a net margin of 8.48%.Yext’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.13 EPS. Equities analysts forecast that Yext will post 0.31 EPS for the current fiscal year.

Insider Activity

In related news, CAO Allan Tang sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $3.62, for a total transaction of $36,200.00. Following the transaction, the chief accounting officer owned 7,848 shares of the company’s stock, valued at approximately $28,409.76. This represents a 56.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Lynrock Lake LP boosted its holdings in shares of Yext by 23.3% during the fourth quarter. Lynrock Lake LP now owns 15,132,384 shares of the company’s stock worth $121,967,000 after purchasing an additional 2,861,653 shares during the last quarter. Hudson Bay Capital Management LP increased its stake in Yext by 126.2% in the fourth quarter. Hudson Bay Capital Management LP now owns 2,952,453 shares of the company’s stock valued at $23,797,000 after purchasing an additional 1,647,174 shares during the last quarter. OP Asset Management Ltd acquired a new position in Yext in the first quarter valued at $3,915,000. First Trust Advisors LP purchased a new position in Yext during the fourth quarter worth about $5,634,000. Finally, Millennium Management LLC purchased a new position in Yext during the first quarter worth about $3,964,000. Hedge funds and other 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.