Yext (NYSE:YEXT) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Yext (NYSE:YEXTGet Free Report) issued its earnings results on Tuesday. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.01, FiscalAI reports. Yext had a net margin of 8.93% and a return on equity of 34.31%. The business had revenue of $107.92 million during the quarter, compared to the consensus estimate of $110.70 million. During the same period last year, the business posted $0.13 EPS. Yext’s revenue was down 1.4% on a year-over-year basis.

Yext Price Performance

Shares of Yext stock opened at $3.81 on Thursday. Yext has a twelve month low of $3.27 and a twelve month high of $9.20. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.61. The company has a 50-day simple moving average of $3.83 and a two-hundred day simple moving average of $5.92. The stock has a market capitalization of $380.92 million, a price-to-earnings ratio of 54.36 and a beta of 1.16.

More Yext News

Here are the key news stories impacting Yext this week:

Insiders Place Their Bets

In other Yext news, CAO Allan Tang sold 10,000 shares of Yext stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $3.62, for a total value of $36,200.00. Following the completion of the sale, the chief accounting officer owned 7,848 shares in the company, valued at $28,409.76. The trade was a 56.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 7.80% of the stock is owned by company insiders.

Institutional Trading of Yext

Hedge funds and other institutional investors have recently bought and sold shares of the business. Lazard Asset Management LLC raised its stake in Yext by 123.7% in the 2nd quarter. Lazard Asset Management LLC now owns 21,350 shares of the company’s stock worth $181,000 after purchasing an additional 11,807 shares in the last quarter. Aquatic Capital Management LLC raised its stake in Yext by 189.5% in the 3rd quarter. Aquatic Capital Management LLC now owns 20,019 shares of the company’s stock worth $171,000 after purchasing an additional 13,103 shares in the last quarter. Shay Capital LLC acquired a new position in shares of Yext in the 3rd quarter valued at approximately $170,000. Gabelli Funds LLC acquired a new position in shares of Yext in the 3rd quarter valued at approximately $166,000. Finally, Creative Planning raised its position in shares of Yext by 29.5% in the 3rd quarter. Creative Planning now owns 16,651 shares of the company’s stock valued at $142,000 after buying an additional 3,789 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Weiss Ratings downgraded shares of Yext from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 2nd. Roth Mkm downgraded shares of Yext from a “buy” rating to a “neutral” rating and cut their target price for the company from $9.50 to $6.00 in a research note 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. DA Davidson reiterated a “neutral” rating and issued a $6.00 target price on shares of Yext in a research note on Wednesday, March 11th. Finally, Wall Street Zen downgraded shares of Yext from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $7.50.

Read Our Latest Research Report on Yext

Yext Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for Yext (NYSE:YEXT)

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