Yext (NYSE:YEXT) Stock Has Average Target Price of $6.33

Key Points

• Analysts maintain a “Hold” consensus on Yext, with all five covering analysts issuing hold ratings and an average 12-month price target of $6.33.
• Yext reported quarterly EPS of $0.21, beating estimates of $0.17, while revenue reached $111.1 million, slightly below expectations and down 1.8% year over year.
• Institutional investors own approximately 70.98% of Yext, while insiders hold 7.8%; recent activity included a director buying 76,190 shares and the general counsel selling 30,000 shares.

Yext (NYSE:YEXT - Get Free Report) has been assigned a consensus recommendation of "Hold" from the five analysts that are presently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $6.33.

A number of analysts recently commented on YEXT shares. Zacks Research cut shares of Yext from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 17th. Weiss Ratings raised Yext from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, September 28th. B. Riley Financial restated a "neutral" rating on shares of Yext in a report on Wednesday, September 2nd. Finally, Wall Street Zen raised Yext from a "hold" rating to a "strong-buy" rating in a research report on Saturday, September 5th.

Insider Activity at Yext

In related news, Director Daniel Englander acquired 76,190 shares of the company's stock in a transaction that occurred on Monday, July 13th. The shares were acquired at an average cost of $5.22 per share, for a total transaction of $397,711.80. Following the completion of the acquisition, the director directly owned 141,190 shares in the company, valued at approximately $737,011.80. The trade was a 117.22% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Ho Shin sold 30,000 shares of the company's stock in a transaction on Friday, September 11th. The stock was sold at an average price of $6.39, for a total transaction of $191,700.00. Following the completion of the transaction, the general counsel directly owned 289,269 shares of the company's stock, valued at approximately $1,848,428.91. The trade was a 9.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 7.80% of the company's stock.

Institutional Investors Weigh In On Yext

Institutional investors have recently bought and sold shares of the company. Lead Edge Capital Management LLC bought a new stake in shares of Yext in the 2nd quarter valued at about $36,628,192. BlackRock Inc. bought a new stake in shares of Yext in the second quarter valued at about $34,536,000. Dimensional Fund Advisors LP increased its holdings in shares of Yext by 21.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,131,636 shares of the company's stock worth $8,185,000 after purchasing an additional 373,953 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Yext by 0.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,309,665 shares of the company's stock worth $5,029,000 after purchasing an additional 6,395 shares during the period. Finally, OP Asset Management Ltd bought a new position in shares of Yext in the 1st quarter valued at $3,915,000. Institutional investors own 70.98% of the company's stock.

Yext Stock Performance

Shares of NYSE:YEXT opened at $6.53 on Friday. The firm's 50 day simple moving average is $6.21 and its 200 day simple moving average is $4.91. Yext has a fifty-two week low of $3.27 and a fifty-two week high of $9.03. The company has a market capitalization of $645.84 million, a price-to-earnings ratio of 38.38 and a beta of 1.14. The company has a debt-to-equity ratio of 4.14, a current ratio of 0.83 and a quick ratio of 0.83.

Yext (NYSE:YEXT - Get Free Report) last issued its quarterly earnings data on Tuesday, September 1st. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.04. The firm had revenue of $111.10 million during the quarter, compared to analysts' expectations of $111.30 million. Yext had a net margin of 5.90% and a return on equity of 43.23%. The business's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.13 earnings per share. As a group, sell-side analysts forecast that Yext will post 0.46 earnings per share for the current year.

About Yext

Yext, Inc is a software company that helps businesses manage and optimize their digital information across websites, search engines, maps, social networks and other online services. Its platform is designed to give organizations greater control over how information about their locations, products, services and people is presented to customers.

The company's offerings include tools for managing business listings, developing website pages, monitoring and responding to reviews, and providing search experiences for websites and other digital channels.

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