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

Key Points

• Analysts have a consensus “Hold” rating on Yext, with all five covering analysts issuing hold recommendations and an average 12-month price target of $6.33.
• Yext shares opened at $7.32, above both the average analyst target and its 50-day moving average of $6.66. The stock has traded between $3.27 and $9.03 over the past year.
• Yext beat quarterly EPS estimates, reporting $0.21 versus the expected $0.17, although revenue declined 1.8% year over year to $111.1 million. An insider also sold 30,000 shares at an average price of $6.39.

Yext (NYSE:YEXT - Get Free Report) has been assigned a consensus recommendation of "Hold" from the five analysts that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $6.33.

Several brokerages have weighed in on YEXT. Wall Street Zen raised Yext from a "hold" rating to a "strong-buy" rating in a research report on Saturday, September 5th. Zacks Research lowered Yext from a "strong-buy" rating to a "hold" rating in a report on Monday, August 17th. B. Riley Financial reissued a "neutral" rating on shares of Yext in a research note on Wednesday, September 2nd. Finally, Weiss Ratings upgraded Yext from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, September 28th.

Yext Stock Up 1.3%

YEXT stock opened at $7.32 on Thursday. The company has a 50 day moving average of $6.66 and a two-hundred day moving average of $5.39. The company has a market cap of $724.04 million, a price-to-earnings ratio of 43.03 and a beta of 1.14. Yext has a 12-month low of $3.27 and a 12-month high of $9.03. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 4.14.

Yext (NYSE:YEXT - Get Free Report) last posted its quarterly earnings results on Tuesday, September 1st. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.17 by $0.04. Yext had a net margin of 5.90% and a return on equity of 43.23%. The business had revenue of $111.10 million for the quarter, compared to analysts' expectations of $111.30 million. During the same period in the previous year, the company posted $0.13 EPS. Yext's revenue was down 1.8% on a year-over-year basis. On average, equities analysts anticipate that Yext will post 0.46 earnings per share for the current fiscal year.

Insider Transactions at Yext

In other Yext news, General Counsel Ho Shin sold 30,000 shares of the business's stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $6.39, for a total value of $191,700.00. Following the completion of the sale, the general counsel directly owned 289,269 shares of the company's stock, valued at $1,848,428.91. The trade was a 9.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 7.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio bought a new stake in Yext in the second quarter worth $31,000. Legal & General Group Plc bought a new position in Yext during the second quarter valued at about $39,000. New York State Teachers Retirement System raised its holdings in Yext by 9,253.0% during the first quarter. New York State Teachers Retirement System now owns 9,353 shares of the company's stock valued at $36,000 after buying an additional 9,253 shares in the last quarter. Gamco Investors INC. ET AL bought a new position in Yext during the first quarter valued at about $38,000. Finally, Able Wealth Management LLC acquired a new stake in shares of Yext in the first quarter worth about $48,000. Institutional investors and hedge funds own 70.98% of the company's stock.

Yext Company Profile

Yext, Inc is a technology company that helps organizations manage and improve their digital presence across search engines, websites, maps, social networks and other online services. Its platform is designed to provide accurate, consistent and up-to-date information about businesses, products, locations and services across digital channels.

Yext's offerings include tools for managing business listings, location and entity data, website content, customer reviews and digital search experiences.

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