Yext (NYSE:YEXT) Announces Earnings Results

Key Points

• Yext exceeded earnings expectations, reporting quarterly EPS of $0.21 versus the $0.17 consensus estimate. Revenue totaled $111.10 million, slightly below analysts’ $111.30 million forecast.
• Yext shares opened at $6.78, above their 50-day and 200-day moving averages, while the stock trades near a $679.7 million market capitalization and has a price-to-earnings ratio of 96.86.
• Insiders increased their holdings through sizable share purchases, while analysts maintain a consensus “Hold” rating with a $6.67 price target; institutional investors own approximately 70.98% of the company.

Yext (NYSE:YEXT - Get Free Report) announced its quarterly earnings data on Tuesday. The company reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.04, FiscalAI reports. The company had revenue of $111.10 million during the quarter, compared to analyst estimates of $111.30 million. Yext had a net margin of 8.93% and a return on equity of 43.47%.

Yext Stock Performance

YEXT opened at $6.78 on Tuesday. The business has a fifty day simple moving average of $5.50 and a 200 day simple moving average of $4.76. Yext has a 1 year low of $3.27 and a 1 year high of $9.20. The company has a debt-to-equity ratio of 6.03, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market capitalization of $679.70 million, a PE ratio of 96.86 and a beta of 1.13.

Insider Activity

In other news, Director Daniel J. Englander acquired 76,190 shares of the stock in a transaction on Monday, July 13th. The stock was acquired at an average price of $5.22 per share, with a total value of $397,711.80. Following the completion of the transaction, the director owned 141,190 shares of the company's stock, valued at $737,011.80. This represents a 117.22% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Seth H. Waugh bought 133,000 shares of Yext stock in a transaction dated Thursday, June 11th. The stock was acquired at an average cost of $3.75 per share, for a total transaction of $498,750.00. Following the completion of the transaction, the director directly owned 319,411 shares in the company, valued at approximately $1,197,791.25. This trade represents a 71.35% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 7.80% of the company's stock.

Institutional Trading of Yext

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Landscape Capital Management L.L.C. purchased a new stake in shares of Yext in the fourth quarter worth $82,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of Yext in the 3rd quarter worth about $90,000. CIBC Bancorp USA Inc. bought a new position in Yext during the 3rd quarter valued at about $92,000. Creative Planning bought a new stake in Yext in the second quarter worth about $109,000. Finally, Occudo Quantitative Strategies LP purchased a new position in shares of Yext during the second quarter valued at approximately $124,000. Hedge funds and other institutional investors own 70.98% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on YEXT shares. Zacks Research downgraded Yext from a "strong-buy" rating to a "hold" rating in a report on Monday, August 17th. Weiss Ratings upgraded shares of Yext from a "sell (d)" rating to a "sell (d+)" rating in a report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Yext presently has an average rating of "Hold" and a consensus price target of $6.67.

About Yext

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.

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