Yext (NYSE:YEXT) Shares Up 0.8% - Here's What Happened

Key Points

• Yext shares rose 0.8% to $7.41 in mid-day trading, with volume about 23% above the daily average.
• Analysts maintain a generally cautious view, with an average “Hold” rating and a $6.33 price target, below the current share price.
• Yext exceeded quarterly EPS expectations, reporting $0.21 versus $0.17 expected, while revenue of $111.1 million declined 1.8% year over year.

Yext (NYSE:YEXT - Get Free Report) shares traded up 0.8% during mid-day trading on Monday. The stock traded as high as $7.43 and last traded at $7.41. Approximately 901,847 shares were traded during mid-day trading, an increase of 23% from the average daily volume of 733,784 shares. The stock had previously closed at $7.35.

Wall Street Analysts Forecast Growth

YEXT has been the topic of a number of research analyst reports. Weiss Ratings upgraded shares of Yext from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, September 28th. Zacks Research downgraded 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, Wall Street Zen upgraded shares of Yext from a "hold" rating to a "strong-buy" rating in a report on Saturday, September 5th. Five research analysts have rated the stock with a Hold rating. According to MarketBeat, Yext presently has an average rating of "Hold" and an average price target of $6.33.

Yext Stock Performance

The company has a market capitalization of $733.44 million, a P/E ratio of 43.59 and a beta of 1.14. The stock's fifty day moving average price is $6.60 and its 200-day moving average price is $5.40. The company has a debt-to-equity ratio of 4.14, a quick ratio of 0.83 and a current ratio of 0.83.

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, topping analysts' consensus estimates of $0.17 by $0.04. The business had revenue of $111.10 million during the quarter, compared to analysts' expectations of $111.30 million. Yext had a return on equity of 43.23% and a net margin of 5.90%. Yext's quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the company posted $0.13 earnings per share. As a group, research analysts anticipate that Yext will post 0.46 EPS for the current fiscal year.

Insider Activity at Yext

In related news, General Counsel Ho Shin sold 30,000 shares of the business's stock in a transaction that occurred 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 7.80% of the company's stock.

Institutional Investors Weigh In On Yext

Hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio acquired a new position in shares of Yext in the second quarter valued at $31,000. Legal & General Group Plc acquired a new stake in shares of Yext during the 2nd quarter worth about $39,000. New York State Teachers Retirement System lifted its stake in shares of Yext by 9,253.0% during the 1st quarter. New York State Teachers Retirement System now owns 9,353 shares of the company's stock worth $36,000 after buying an additional 9,253 shares during the last quarter. Gamco Investors INC. ET AL bought a new stake in shares of Yext during the 1st quarter worth about $38,000. Finally, Able Wealth Management LLC bought a new stake in shares of Yext during the 1st quarter worth about $48,000. Institutional investors and hedge funds own 70.98% of the company's stock.

About Yext

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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