Yext (NYSE:YEXT) Stock Has Average Target Price of $6.33 According to Brokerages

Yext (NYSE:YEXT) has received an average rating of “Hold” from the five brokerages that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $6.33.

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

Yext Stock Down 1.6%

YEXT stock opened at $7.19 on Thursday. Yext has a one year low of $3.27 and a one year high of $9.03. The stock has a market capitalization of $711.67 million, a PE ratio of 42.29 and a beta of 1.14. The company has a debt-to-equity ratio of 4.14, a quick ratio of 0.83 and a current ratio of 0.83. The company has a fifty day moving average of $6.69 and a 200-day moving average of $5.38.

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

Insider Buying and Selling

In other Yext news, General Counsel Ho Shin sold 30,000 shares of the business’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $6.39, for a total transaction of $191,700.00. Following the sale, the general counsel directly owned 289,269 shares in the company, valued at approximately $1,848,428.91. The trade was a 9.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On Yext

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE acquired a new stake in shares of Yext during the 2nd quarter valued at approximately $3,359,000. Lead Edge Capital Management LLC acquired a new stake in shares of Yext in the 2nd quarter worth approximately $36,628,192. BlackRock Inc. acquired a new stake in shares of Yext in the 2nd quarter worth approximately $34,536,000. Pacer Advisors Inc. acquired a new stake in shares of Yext in the 1st quarter worth approximately $1,503,000. Finally, Dimensional Fund Advisors LP increased its stake in Yext by 21.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,131,636 shares of the company’s stock valued at $8,185,000 after purchasing an additional 373,953 shares in the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

About Yext

Yext, Inc is a technology company that helps organizations manage and improve their digital presence across search engines, websites, maps, social networks and other online services. Its platform is designed to provide accurate, consistent and up-to-date information about businesses, products, locations and services across digital channels.

Yext’s offerings include tools for managing business listings, location and entity data, website content, customer reviews and digital search experiences.