Yext (NYSE:YEXT) Receives Average Rating of "Hold" from Brokerages

Key Points

• Yext has a consensus analyst rating of Hold from six brokerages (1 Sell, 3 Hold, 2 Buy) and an average 1‑year target price of $7.50.
• Shares trade around $3.36 with a market capitalization of about $414 million, a 1‑year range of $3.29–$9.20, and 50/200‑day moving averages of $4.96/$7.11.
• In the latest quarter Yext reported EPS of $0.15 (beating by $0.01) but revenue of $112M missed estimates and was down 1% YoY; analysts forecast about –$0.12 EPS for the current year.

Shares of Yext (NYSE:YEXT - Get Free Report) have earned a consensus rating of "Hold" from the six research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $7.50.

A number of research analysts recently issued reports on the stock. B. Riley Financial decreased their target price on shares of Yext from $10.00 to $8.00 and set a "buy" rating for the company in a research report on Tuesday, March 10th. Weiss Ratings downgraded shares of Yext from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday, March 2nd. Roth Mkm downgraded shares of Yext from a "buy" rating to a "neutral" rating and decreased their target price for the company from $9.50 to $6.00 in a research report on Wednesday, March 11th. Wall Street Zen downgraded shares of Yext from a "buy" rating to a "hold" rating in a research report on Sunday, March 15th. Finally, DA Davidson restated a "neutral" rating and set a $6.00 target price on shares of Yext in a research report on Wednesday, March 11th.

Yext Price Performance

Shares of YEXT opened at $3.36 on Friday. The firm has a market capitalization of $413.84 million, a PE ratio of 55.93 and a beta of 1.19. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.07 and a quick ratio of 1.07. Yext has a 1-year low of $3.29 and a 1-year high of $9.20. The company's fifty day moving average price is $4.96 and its 200-day moving average price is $7.11.

Yext (NYSE:YEXT - Get Free Report) last announced its quarterly earnings data on Monday, March 9th. The company reported $0.15 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.01. The firm had revenue of $112.00 million for the quarter, compared to analyst estimates of $114.21 million. Yext had a net margin of 8.48% and a return on equity of 29.61%. The business's quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.13 earnings per share. On average, equities research analysts predict that Yext will post -0.12 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in YEXT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Yext by 1.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 420,951 shares of the company's stock valued at $2,593,000 after purchasing an additional 4,802 shares during the period. Millennium Management LLC acquired a new position in Yext during the first quarter valued at $3,964,000. Creative Planning acquired a new position in shares of Yext in the second quarter worth about $109,000. Rhumbline Advisers raised its position in shares of Yext by 2.9% in the second quarter. Rhumbline Advisers now owns 160,040 shares of the company's stock worth $1,360,000 after acquiring an additional 4,444 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Yext by 35.9% in the second quarter. American Century Companies Inc. now owns 222,726 shares of the company's stock worth $1,893,000 after acquiring an additional 58,859 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.

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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