Yext (NYSE:YEXT) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Yext has a “Moderate Buy” consensus from six analysts, with ratings split among one sell, two holds, two buys and one strong buy. The average 12-month price target is $7.50.
• Company insiders recently made significant purchases, including director acquisitions of 76,190 and 133,000 shares. Insiders own 7.8% of Yext, while institutional investors hold 70.98%.
• Yext shares opened at $5.95 and have traded between $3.27 and $9.20 over the past year; the stock has a market capitalization of about $596.9 million and a price-to-earnings ratio of 85.06.

Shares of Yext (NYSE:YEXT - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $7.50.

YEXT has been the topic of a number of research reports. Wall Street Zen downgraded Yext from a "buy" rating to a "hold" rating in a report on Sunday, May 3rd. Weiss Ratings upgraded shares of Yext from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday, June 3rd. Finally, Zacks Research raised shares of Yext from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 17th.

Insiders Place Their Bets

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

Institutional Trading of Yext

Several large investors have recently made changes to their positions in the stock. New York State Teachers Retirement System raised its stake in shares of 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 valued at $36,000 after acquiring an additional 9,253 shares in the last quarter. Clearstead Advisors LLC boosted its position in Yext by 147.1% during the fourth quarter. Clearstead Advisors LLC now owns 4,677 shares of the company's stock worth $38,000 after purchasing an additional 2,784 shares during the period. Gamco Investors INC. ET AL acquired a new position in Yext during the first quarter valued at approximately $38,000. Legal & General Group Plc acquired a new position in Yext during the second quarter valued at approximately $39,000. Finally, Able Wealth Management LLC acquired a new position in Yext during the first quarter valued at approximately $48,000. Institutional investors own 70.98% of the company's stock.

Yext Stock Down 2.6%

YEXT opened at $5.95 on Friday. Yext has a fifty-two week low of $3.27 and a fifty-two week high of $9.20. The business has a 50-day moving average of $4.95 and a 200-day moving average of $4.74. 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 capitalization of $596.88 million, a PE ratio of 85.06 and a beta of 1.13.

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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