Yext (NYSE:YEXT) Announces Quarterly Earnings Results

Yext (NYSE:YEXT) announced its earnings results on Tuesday. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.13 by $0.01, FiscalAI reports. Yext had a net margin of 8.48% and a return on equity of 29.61%. The company had revenue of $107.92 million during the quarter, compared to the consensus estimate of $112.10 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis.

Yext Stock Down 7.6%

Yext stock opened at $4.24 on Wednesday. Yext has a twelve month low of $3.29 and a twelve month high of $9.20. The firm has a 50 day moving average price of $3.86 and a 200-day moving average price of $5.99. The company has a market capitalization of $424.57 million, a P/E ratio of 70.70 and a beta of 1.16. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.61.

Insider Activity at Yext

In related news, CAO Allan Tang sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $3.62, for a total value of $36,200.00. Following the transaction, the chief accounting officer owned 7,848 shares in the company, valued at approximately $28,409.76. This represents a 56.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 7.80% of the company’s stock.

Institutional Trading of Yext

Several hedge funds have recently made changes to their positions in YEXT. Landscape Capital Management L.L.C. bought a new position in shares of Yext during the 4th quarter worth $82,000. Mercer Global Advisors Inc. ADV bought a new stake in Yext in the 3rd quarter valued at about $90,000. CIBC Bancorp USA Inc. purchased a new stake in Yext during the third quarter valued at about $92,000. Creative Planning purchased a new stake in Yext during the second quarter valued at about $109,000. Finally, Occudo Quantitative Strategies LP bought a new position in Yext during the second quarter worth about $124,000. 70.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on YEXT shares. B. Riley Financial decreased their price objective on shares of Yext from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Tuesday, March 10th. Wall Street Zen lowered Yext from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Weiss Ratings downgraded Yext from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 2nd. Roth Mkm lowered Yext from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $9.50 to $6.00 in a report on Wednesday, March 11th. Finally, DA Davidson reissued a “neutral” rating and issued a $6.00 price objective on shares of Yext in a research report on Wednesday, March 11th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Yext presently has an average rating of “Hold” and an average price target of $7.50.

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.