B. Riley Research Analysts Cut Earnings Estimates for Yext

Yext, Inc. (NYSE:YEXT - Free Report) - Research analysts at B. Riley decreased their FY2027 earnings per share estimates for shares of Yext in a note issued to investors on Monday, June 2nd. B. Riley analyst N. Khan now forecasts that the company will post earnings per share of $0.18 for the year, down from their prior estimate of $0.19. B. Riley currently has a "Buy" rating and a $10.00 target price on the stock. The consensus estimate for Yext's current full-year earnings is ($0.12) per share. B. Riley also issued estimates for Yext's FY2028 earnings at $0.25 EPS, FY2029 earnings at $0.31 EPS and FY2030 earnings at $0.37 EPS.

A number of other analysts also recently weighed in on YEXT. Roth Mkm restated a "buy" rating and issued a $9.50 target price (down previously from $10.50) on shares of Yext in a research report on Wednesday, February 26th. Needham & Company LLC restated a "buy" rating and issued a $10.00 target price on shares of Yext in a research report on Wednesday. Finally, DA Davidson boosted their target price on Yext from $7.50 to $8.25 and gave the stock a "neutral" rating in a research report on Thursday.

Yext Stock Performance

NYSE:YEXT traded up $0.08 during mid-day trading on Thursday, reaching $8.88. The stock had a trading volume of 2,018,942 shares, compared to its average volume of 906,187. The firm has a 50 day moving average price of $6.55 and a two-hundred day moving average price of $6.66. The stock has a market capitalization of $1.11 billion, a P/E ratio of -59.20 and a beta of 0.99. Yext has a one year low of $4.29 and a one year high of $9.15.

Yext (NYSE:YEXT - Get Free Report) last issued its quarterly earnings results on Wednesday, March 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.20). The business had revenue of $113.09 million for the quarter, compared to the consensus estimate of $112.77 million. Yext had a negative net margin of 4.64% and a negative return on equity of 11.10%.

Hedge Funds Weigh In On Yext

A number of large investors have recently bought and sold shares of the stock. Rhumbline Advisers increased its stake in Yext by 4.7% in the 1st quarter. Rhumbline Advisers now owns 155,596 shares of the company's stock worth $958,000 after purchasing an additional 7,047 shares during the period. Strs Ohio purchased a new position in shares of Yext during the first quarter valued at approximately $562,000. Millennium Management LLC purchased a new position in shares of Yext during the first quarter valued at approximately $3,964,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Yext by 1.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 420,951 shares of the company's stock valued at $2,593,000 after buying an additional 4,802 shares during the period. Finally, Lynrock Lake LP increased its stake in shares of Yext by 9.5% during the first quarter. Lynrock Lake LP now owns 11,680,363 shares of the company's stock valued at $71,951,000 after buying an additional 1,009,285 shares during the period. 70.98% of the stock is owned by hedge funds and other institutional investors.

Yext Company Profile

Yext, Inc organizes business facts to provide answers to consumer questions in North America and internationally. It operates Yext platform, a cloud-based platform that allows its customers to offer answers to consumer questions, to control the facts about their businesses and the content of their landing pages, and to manage their consumer reviews; and provides customers to update their information and content through its publisher network of maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks, as well as professional services.