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 provide answers to consumer questions, to control the facts about their businesses and the content of their landing pages, and to manage their consumer reviews, as well as provides customers to update their information and content through its knowledge network of approximately 200 maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks. The platform enables its customers to centralize, control and manage data fields, including store information, such as name, address, phone number and holiday hours; professional information, comprising of headshot, specialties, and education; job information, consisting of title and description; and FAQs and other information. It serves the healthcare, retail, and financial services industries. The company was incorporated in 2006 and is headquartered in New York, New York.
Yext Trading Up 0.4 %
Yext stock opened at $5.16 on Wednesday. Yext has a 52 week low of $4.20 and a 52 week high of $14.07. The business's 50-day simple moving average is $4.93 and its 200-day simple moving average is $5.88.
Yext (NYSE:YEXT - Get Rating) last posted its quarterly earnings data on Wednesday, June 8th. The company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.02. Yext had a negative return on equity of 49.72% and a negative net margin of 25.53%. The company had revenue of $98.80 million during the quarter, compared to analysts' expectations of $96.71 million. During the same period in the prior year, the business earned ($0.14) earnings per share. Yext's revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, research analysts predict that Yext will post -0.69 earnings per share for the current year.
Analyst Upgrades and Downgrades
Separately, DA Davidson set a $6.00 price objective on Yext in a report on Monday, June 20th. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $10.00.
Insider Transactions at Yext
In related news, General Counsel Ho Shin sold 5,608 shares of the firm's stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $5.36, for a total value of $30,058.88. Following the completion of the transaction, the general counsel now directly owns 67,992 shares of the company's stock, valued at $364,437.12. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, General Counsel Ho Shin sold 5,608 shares of the stock in a transaction that occurred on Tuesday, June 21st. The stock was sold at an average price of $5.36, for a total value of $30,058.88. Following the completion of the transaction, the general counsel now directly owns 67,992 shares of the company's stock, valued at approximately $364,437.12. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CRO Brian Distelburger sold 8,198 shares of the company's stock in a transaction on Tuesday, June 21st. The shares were sold at an average price of $5.36, for a total value of $43,941.28. Following the completion of the sale, the executive now owns 3,107,156 shares in the company, valued at $16,654,356.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,947 shares of company stock worth $377,836. 8.50% of the stock is currently owned by company insiders.