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

Key Points

• Yext has a consensus analyst rating of Hold from six brokerages, with an average 12-month price target of $7.50. The coverage breakdown includes one sell rating, three hold ratings, and two buy ratings.
• The stock was trading up about 2.5% to $5.47 on Tuesday, leaving it well below its 52-week high of $9.20 but above its 52-week low of $3.27.
• There has been notable insider buying, including purchases by directors Seth H. Waugh and Daniel J. Englander, while institutional investors own about 70.98% of Yext’s shares.

Shares of Yext (NYSE:YEXT - Get Free Report) have earned an average rating of "Hold" from the six brokerages that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $7.50.

Several analysts have issued reports on the company. Weiss Ratings raised Yext from a "sell (d)" rating to a "sell (d+)" rating in a report on Wednesday, June 3rd. Wall Street Zen downgraded Yext from a "buy" rating to a "hold" rating in a research note on Sunday, May 3rd.

Yext Trading Up 2.5%

Shares of YEXT stock opened at $5.47 on Tuesday. The company has a debt-to-equity ratio of 6.03, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market cap of $548.87 million, a price-to-earnings ratio of 78.21 and a beta of 1.14. Yext has a 1 year low of $3.27 and a 1 year high of $9.20. The firm has a fifty day moving average price of $4.28 and a 200-day moving average price of $5.02.

Insider Activity at Yext

In other news, Director Seth H. Waugh purchased 133,000 shares of the company's stock in a transaction on Thursday, June 11th. The stock was acquired at an average cost of $3.75 per share, for a total transaction of $498,750.00. Following the completion of the transaction, the director directly owned 319,411 shares in the company, valued at $1,197,791.25. This trade represents a 71.35% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Daniel J. Englander acquired 76,190 shares of Yext stock in a transaction dated Monday, July 13th. The stock was purchased at an average cost of $5.22 per share, with a total value of $397,711.80. Following the completion of the purchase, the director owned 141,190 shares of the company's stock, valued at approximately $737,011.80. This represents a 117.22% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 7.80% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. New York State Teachers Retirement System increased its stake in Yext by 9,253.0% in the 1st quarter. New York State Teachers Retirement System now owns 9,353 shares of the company's stock worth $36,000 after buying an additional 9,253 shares in the last quarter. Clearstead Advisors LLC lifted its position in shares of Yext by 147.1% in the fourth quarter. Clearstead Advisors LLC now owns 4,677 shares of the company's stock valued at $38,000 after acquiring an additional 2,784 shares in the last quarter. Gamco Investors INC. ET AL bought a new position in shares of Yext in the first quarter worth about $38,000. Able Wealth Management LLC bought a new position in shares of Yext in the first quarter worth about $48,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Yext during the first quarter worth about $49,000. Hedge funds and other institutional investors own 70.98% of the company's stock.

Yext Company Profile

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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