Yext (NYSE:YEXT) Stock Has Consensus Price Target of $6.33

Shares of Yext (NYSE:YEXT) have received an average rating of “Hold” from the five research firms that are currently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation. The average 12-month target price among brokers that have issued a report on the stock in the last year is $6.33.

Several research analysts have recently issued reports on YEXT shares. Weiss Ratings raised Yext from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, September 28th. Zacks Research cut shares of Yext from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. B. Riley Financial restated a “neutral” rating on shares of Yext in a report on Wednesday, September 2nd. Finally, Wall Street Zen upgraded shares of Yext from a “hold” rating to a “strong-buy” rating in a research report on Saturday, September 5th.

Insider Buying and Selling

In related news, General Counsel Ho Shin sold 30,000 shares of Yext stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $6.39, for a total transaction of $191,700.00. Following the completion of the transaction, the general counsel directly owned 289,269 shares in the company, valued at $1,848,428.91. The trade was a 9.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Daniel Englander bought 76,190 shares of Yext stock in a transaction that occurred on Monday, July 13th. The stock was bought at an average cost of $5.22 per share, for a total transaction of $397,711.80. Following the purchase, the director owned 141,190 shares in the company, valued at $737,011.80. This represents a 117.22% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 7.80% of the company’s stock.

Institutional Trading of Yext

Several institutional investors and hedge funds have recently made changes to their positions in the stock. WINTON GROUP Ltd boosted its stake in shares of Yext by 343.4% during the second quarter. WINTON GROUP Ltd now owns 57,200 shares of the company’s stock valued at $267,000 after acquiring an additional 44,300 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in Yext during the 2nd quarter worth about $699,000. Amundi raised its stake in Yext by 105.6% in the 2nd quarter. Amundi now owns 104,463 shares of the company’s stock valued at $488,000 after purchasing an additional 53,651 shares during the last quarter. Susquehanna Fundamental Investments LLC raised its stake in Yext by 165.2% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 126,302 shares of the company’s stock valued at $590,000 after purchasing an additional 78,672 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new position in Yext in the 2nd quarter valued at about $160,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Yext Stock Performance

NYSE YEXT opened at $6.57 on Friday. Yext has a 1-year low of $3.27 and a 1-year high of $9.03. The company has a market capitalization of $649.80 million, a P/E ratio of 38.62 and a beta of 1.14. The business has a 50 day moving average price of $6.25 and a 200 day moving average price of $4.92. The company has a debt-to-equity ratio of 4.14, a current ratio of 0.83 and a quick ratio of 0.83.

Yext (NYSE:YEXT) last posted its earnings results on Tuesday, September 1st. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The company had revenue of $111.10 million for the quarter, compared to the consensus estimate of $111.30 million. Yext had a return on equity of 43.23% and a net margin of 5.90%.Yext’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 earnings per share. Sell-side analysts expect that Yext will post 0.46 EPS for the current fiscal year.

Yext Company Profile

Yext, Inc is a software company that helps businesses manage and optimize their digital information across websites, search engines, maps, social networks and other online services. Its platform is designed to give organizations greater control over how information about their locations, products, services and people is presented to customers.

The company’s offerings include tools for managing business listings, developing website pages, monitoring and responding to reviews, and providing search experiences for websites and other digital channels.