Yext (NYSE:YEXT) Upgraded at B. Riley

B. Riley upgraded shares of Yext (NYSE:YEXT - Free Report) from a neutral rating to a buy rating in a research report sent to investors on Wednesday, MarketBeat reports. They currently have $10.00 price target on the stock, up from their prior price target of $7.00. B. Riley also issued estimates for Yext's FY2027 earnings at $0.18 EPS, FY2028 earnings at $0.25 EPS, FY2029 earnings at $0.31 EPS and FY2030 earnings at $0.37 EPS.

Several other research firms have also commented on YEXT. Roth Mkm reiterated a "buy" rating and set a $9.50 price objective (down previously from $10.50) on shares of Yext in a research report on Wednesday, February 26th. Needham & Company LLC restated a "buy" rating and set a $10.00 target price on shares of Yext in a research report on Wednesday.

Yext Stock Down 2.0%

NYSE YEXT traded down $0.18 during trading on Wednesday, hitting $8.79. 3,287,899 shares of the stock traded hands, compared to its average volume of 925,697. 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 capitalization of $1.10 billion, a P/E ratio of -58.63 and a beta of 1.07.

Yext (NYSE:YEXT - Get Free Report) last posted its earnings results on Wednesday, March 5th. The company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of $0.14 by ($0.20). Yext had a negative net margin of 4.64% and a negative return on equity of 11.10%. The business had revenue of $113.09 million during the quarter, compared to analysts' expectations of $112.77 million. As a group, research analysts predict that Yext will post -0.12 EPS for the current fiscal year.

Institutional Trading of Yext

A number of institutional investors have recently bought and sold shares of YEXT. Martingale Asset Management L P lifted its stake in shares of Yext by 16.4% during the 1st quarter. Martingale Asset Management L P now owns 14,209 shares of the company's stock worth $88,000 after acquiring an additional 2,002 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Yext by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 329,329 shares of the company's stock worth $2,029,000 after purchasing an additional 2,776 shares during the period. Entropy Technologies LP lifted its position in shares of Yext by 24.3% during the first quarter. Entropy Technologies LP now owns 16,898 shares of the company's stock worth $104,000 after purchasing an additional 3,298 shares during the last quarter. Summit Trail Advisors LLC boosted its stake in shares of Yext by 1.8% during the fourth quarter. Summit Trail Advisors LLC now owns 188,039 shares of the company's stock valued at $1,196,000 after purchasing an additional 3,409 shares during the period. Finally, Rhumbline Advisers boosted its stake in shares of Yext by 2.6% during the fourth quarter. Rhumbline Advisers now owns 148,549 shares of the company's stock valued at $945,000 after purchasing an additional 3,813 shares during the period. 70.98% of the stock is currently owned by institutional investors.

Yext Company Profile

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.