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.
Analysts Set New Price Targets
Separately, DA Davidson set a $6.00 price target on shares of Yext in a research note on Monday, June 20th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $10.00.
Yext Trading Up 1.6 %
Yext stock traded up $0.08 during trading on Friday, hitting $5.15. The company had a trading volume of 968,410 shares, compared to its average volume of 1,748,234. Yext has a 1-year low of $4.20 and a 1-year high of $14.07. The company's 50 day simple moving average is $4.94 and its 200-day simple moving average is $5.91. The stock has a market cap of $636.49 million, a price-to-earnings ratio of -6.52 and a beta of 1.32.
Yext (NYSE:YEXT - Get Rating) last posted its quarterly earnings results on Wednesday, June 8th. The company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.02. The business had revenue of $98.80 million during the quarter, compared to the consensus estimate of $96.71 million. Yext had a negative net margin of 25.53% and a negative return on equity of 49.72%. The company's quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.14) earnings per share. As a group, analysts forecast that Yext will post -0.69 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, General Counsel Ho Shin sold 20,000 shares of Yext stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $4.97, for a total transaction of $99,400.00. Following the completion of the sale, the general counsel now directly owns 47,992 shares of the company's stock, valued at approximately $238,520.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, General Counsel Ho Shin sold 20,000 shares of Yext stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $4.97, for a total transaction of $99,400.00. Following the completion of the sale, the general counsel now directly owns 47,992 shares of the company's stock, valued at approximately $238,520.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Marc Ferrentino sold 16,486 shares of Yext stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $5.36, for a total transaction of $88,364.96. Following the sale, the chief operating officer now directly owns 129,182 shares of the company's stock, valued at $692,415.52. The disclosure for this sale can be found here. Insiders sold a total of 71,947 shares of company stock worth $377,836 over the last 90 days. Corporate insiders own 8.50% of the company's stock.