Yext (NYSE:YEXT) Releases Quarterly Earnings Results, Misses Estimates By $0.10 EPS

Yext (NYSE:YEXT - Get Free Report) announced its quarterly earnings data on Monday. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.10), Zacks reports. The firm had revenue of $109.48 million for the quarter, compared to analysts' expectations of $107.59 million. Yext had a negative net margin of 4.64% and a negative return on equity of 11.10%. The business's quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.05 EPS.

Yext Stock Down 3.9%

Shares of YEXT traded down $0.35 during midday trading on Thursday, reaching $8.62. 1,557,844 shares of the stock were exchanged, compared to its average volume of 919,204. Yext has a 12-month low of $4.29 and a 12-month high of $9.15. The firm has a 50 day simple moving average of $6.45 and a 200-day simple moving average of $6.66. The company has a market cap of $1.07 billion, a price-to-earnings ratio of -57.47 and a beta of 1.07.

Institutional Trading of Yext

A hedge fund recently raised its stake in Yext stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Yext, Inc. (NYSE:YEXT - Free Report) by 1.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 420,951 shares of the company's stock after acquiring an additional 4,802 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.34% of Yext worth $2,593,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 70.98% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on YEXT shares. Needham & Company LLC reissued a "buy" rating and set a $10.00 price objective on shares of Yext in a research note on Wednesday. Roth Mkm reaffirmed a "buy" rating and set a $9.50 price target (down from $10.50) on shares of Yext in a report on Wednesday, February 26th. DA Davidson raised their price objective on shares of Yext from $7.50 to $8.25 and gave the stock a "neutral" rating in a report on Thursday. Finally, B. Riley upgraded shares of Yext from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $7.00 to $10.00 in a research report on Wednesday.

About Yext

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.