Shares of Yext Inc (NYSE:YEXT) have been given a consensus recommendation of “Hold” by the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $26.33.
Several research firms have recently weighed in on YEXT. Zacks Investment Research cut shares of Yext from a “buy” rating to a “hold” rating in a report on Friday, July 20th. DA Davidson began coverage on shares of Yext in a report on Monday, October 8th. They set a “buy” rating and a $28.00 price objective for the company. Piper Jaffray Companies reissued a “buy” rating and set a $25.00 price objective on shares of Yext in a report on Wednesday, July 25th. KeyCorp reissued a “hold” rating on shares of Yext in a report on Thursday, August 30th. Finally, SunTrust Banks began coverage on shares of Yext in a report on Monday, August 13th. They set a “buy” rating for the company.
In other Yext news, President Brian Distelburger sold 8,080 shares of the company’s stock in a transaction that occurred on Wednesday, July 18th. The shares were sold at an average price of $18.54, for a total transaction of $149,803.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Phillip M. Fernandez sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $22.74, for a total transaction of $45,480.00. The disclosure for this sale can be found here. Insiders have sold 997,974 shares of company stock valued at $22,916,069 over the last three months. 20.80% of the stock is owned by corporate insiders.
Yext stock traded up $0.57 during trading hours on Friday, hitting $18.97. The stock had a trading volume of 1,496,673 shares, compared to its average volume of 1,005,281. The stock has a market capitalization of $2.34 billion, a PE ratio of -22.32 and a beta of 0.83. Yext has a 12-month low of $10.58 and a 12-month high of $27.19.
Yext (NYSE:YEXT) last issued its earnings results on Thursday, August 30th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.01. Yext had a negative net margin of 36.92% and a negative return on equity of 91.20%. The business had revenue of $55.10 million during the quarter, compared to analysts’ expectations of $53.67 million. On average, research analysts forecast that Yext will post -0.78 earnings per share for the current fiscal year.
Yext, Inc provides a knowledge engine platform that lets businesses manage their digital knowledge in the cloud in North America and Europe. The company offers Yext Knowledge Engine, a cloud-based global platform that enables businesses to control and manage their digital knowledge and make it available through its PowerListings Network of approximately 150 third-party maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks.
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