Yext (NYSE:YEXT) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Analysts have a consensus "Hold" rating on Yext from six analysts (1 sell, 3 hold, 2 buy) with an average 12‑month price target of $7.50.
• CAO Allan Tang sold 10,000 shares at an average price of $3.62 on April 15, reducing his stake by 56.03%; insiders collectively own 5.20% of the company.
• Yext beat EPS estimates at $0.15 vs. $0.14 but missed revenue at $112.0M vs. $114.21M; the stock opened at $4.04, with a market cap of about $403.9M and a 52‑week range of $3.29–$9.20.

Yext (NYSE:YEXT - Get Free Report) has been assigned an average recommendation of "Hold" from the six analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $7.50.

Several analysts have recently weighed in on YEXT shares. DA Davidson reissued a "neutral" rating and issued a $6.00 price target on shares of Yext in a research note on Wednesday, March 11th. B. Riley Financial lowered their price objective 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 cut shares of Yext from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday, March 2nd. Roth Mkm cut shares of Yext from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $9.50 to $6.00 in a research report on Wednesday, March 11th. Finally, Wall Street Zen cut shares of Yext from a "buy" rating to a "hold" rating in a research report on Sunday.

Insider Buying and Selling at Yext

In related news, CAO Allan Tang sold 10,000 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $3.62, for a total transaction of $36,200.00. Following the completion of the transaction, the chief accounting officer owned 7,848 shares of the company's stock, valued at approximately $28,409.76. This trade represents a 56.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 5.20% of the company's stock.

Hedge Funds Weigh In On Yext

A number of hedge funds have recently made changes to their positions in the stock. Hillsdale Investment Management Inc. boosted its position in Yext by 33.8% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 791,130 shares of the company's stock valued at $6,740,000 after buying an additional 199,730 shares during the period. Hudson Bay Capital Management LP purchased a new position in Yext in the 3rd quarter valued at approximately $11,121,000. Alberta Investment Management Corp purchased a new position in Yext in the 3rd quarter valued at approximately $852,000. Emmett Investment Management LP boosted its position in Yext by 70.0% in the 3rd quarter. Emmett Investment Management LP now owns 373,663 shares of the company's stock valued at $3,150,000 after buying an additional 153,849 shares during the period. Finally, Neuberger Berman Group LLC boosted its position in Yext by 15.3% in the 3rd quarter. Neuberger Berman Group LLC now owns 24,770 shares of the company's stock valued at $211,000 after buying an additional 3,292 shares during the period. Hedge funds and other institutional investors own 70.98% of the company's stock.

Yext Stock Performance

Yext stock opened at $4.04 on Thursday. The firm has a 50 day simple moving average of $4.47 and a 200-day simple moving average of $6.58. Yext has a 1-year low of $3.29 and a 1-year high of $9.20. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market cap of $403.94 million, a price-to-earnings ratio of 67.26 and a beta of 1.14.

Yext (NYSE:YEXT - Get Free Report) last posted its quarterly earnings results on Monday, March 9th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.01. Yext had a net margin of 8.48% and a return on equity of 29.61%. The business had revenue of $112.00 million during the quarter, compared to analysts' expectations of $114.21 million. During the same quarter in the prior year, the company posted $0.13 EPS. The business's revenue for the quarter was down 1.0% on a year-over-year basis. On average, analysts expect that Yext will post 0.31 EPS for the current year.

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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