Brokerages Set Yext (NYSE:YEXT) Target Price at $9.44

Shares of Yext (NYSE:YEXT) have earned an average recommendation of “Hold” from the six analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $9.4375.

Several research firms have recently weighed in on YEXT. Weiss Ratings downgraded shares of Yext from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, December 29th. Wall Street Zen raised shares of Yext from a “hold” rating to a “buy” rating in a report on Sunday, January 18th.

Yext Stock Performance

NYSE:YEXT opened at $7.30 on Tuesday. The company has a market capitalization of $894.59 million, a P/E ratio of -728.77 and a beta of 0.96. The business has a fifty day simple moving average of $8.14 and a two-hundred day simple moving average of $8.37. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.09 and a quick ratio of 1.09. Yext has a 1 year low of $5.51 and a 1 year high of $9.20.

Yext (NYSE:YEXT) last posted its quarterly earnings results on Monday, December 8th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. Yext had a return on equity of 18.57% and a net margin of 5.89%.The company had revenue of $112.00 million during the quarter, compared to the consensus estimate of $113.07 million. During the same quarter in the prior year, the company earned $0.12 EPS. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, analysts expect that Yext will post -0.12 earnings per share for the current year.

Hedge Funds Weigh In On Yext

Several hedge funds have recently made changes to their positions in YEXT. Optas LLC purchased a new stake in Yext during the 4th quarter worth about $88,000. Aaron Wealth Advisors LLC bought a new stake in shares of Yext during the fourth quarter valued at about $114,000. SG Americas Securities LLC increased its position in shares of Yext by 78.5% during the fourth quarter. SG Americas Securities LLC now owns 71,251 shares of the company’s stock valued at $574,000 after buying an additional 31,327 shares during the period. Hudson Bay Capital Management LP purchased a new stake in shares of Yext in the third quarter worth about $11,121,000. Finally, CIBC Bancorp USA Inc. bought a new position in shares of Yext in the third quarter valued at approximately $92,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

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.