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

Key Points

• Yext (NYSE:YEXT) has received a consensus rating of "Hold" from brokerages, with one sell rating, two hold ratings, and three buy ratings among analysts.
• The average twelve-month price objective for Yext's stock is $9.4375, while institutional investors currently own 70.98% of the company's shares.
• Yext reported a 15.5% year-over-year revenue increase with earnings per share of $0.03, which falls short of the consensus estimate of $0.12.

Shares of Yext (NYSE:YEXT - Get Free Report) have received an average recommendation of "Hold" from the six ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $9.4375.

Several research analysts have recently weighed in on YEXT shares. Zacks Research downgraded Yext from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Weiss Ratings reiterated a "sell (d)" rating on shares of Yext in a research note on Wednesday, October 8th. Wall Street Zen upgraded Yext from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 13th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $10.00 price target on shares of Yext in a research note on Monday, August 18th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. New Age Alpha Advisors LLC bought a new position in Yext in the 1st quarter worth about $43,000. Martingale Asset Management L P boosted its stake in Yext by 16.4% in the 1st quarter. Martingale Asset Management L P now owns 14,209 shares of the company's stock worth $88,000 after purchasing an additional 2,002 shares during the period. Ieq Capital LLC bought a new position in Yext in the 1st quarter worth about $90,000. 111 Capital bought a new position in Yext in the 2nd quarter worth about $100,000. Finally, Entropy Technologies LP boosted its stake in Yext by 24.3% in the 1st 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 period. Institutional investors own 70.98% of the company's stock.

Yext Stock Up 0.3%

Shares of NYSE:YEXT opened at $8.28 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $1.02 billion, a PE ratio of -68.95 and a beta of 0.92. Yext has a 1 year low of $5.51 and a 1 year high of $9.20. The business has a fifty day moving average price of $8.63 and a two-hundred day moving average price of $7.81.

Yext (NYSE:YEXT - Get Free Report) last posted its quarterly earnings results on Monday, September 8th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.09). The firm had revenue of $113.09 million for the quarter, compared to the consensus estimate of $111.24 million. Yext had a return on equity of 4.90% and a net margin of 1.66%.The firm's revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS. Analysts forecast that Yext will post -0.12 earnings per share for the current year.

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.

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