Yext (NYSE:YEXT) issued an update on its FY 2020 earnings guidance on Wednesday morning. The company provided EPS guidance of $-0.44–0.4 for the period, compared to the Thomson Reuters consensus EPS estimate of $-0.38. The company issued revenue guidance of $295-300 million, compared to the consensus revenue estimate of $297.67 million.Yext also updated its Q1 2020 guidance to $-0.11–0.09 EPS.
Shares of NYSE YEXT traded up $0.69 during mid-day trading on Wednesday, reaching $20.37. 2,876,032 shares of the company’s stock were exchanged, compared to its average volume of 801,095. The stock has a market cap of $1.99 billion, a PE ratio of -23.96 and a beta of 0.77. Yext has a 52-week low of $11.70 and a 52-week high of $27.19.
YEXT has been the subject of a number of research analyst reports. Morgan Stanley cut Yext from an equal weight rating to an underweight rating and lowered their target price for the company from $18.00 to $15.00 in a report on Tuesday, January 15th. Oppenheimer initiated coverage on Yext in a report on Thursday, January 24th. They set an outperform rating and a $23.00 target price for the company. DA Davidson lowered their target price on Yext to $24.00 and set a buy rating for the company in a report on Monday, December 3rd. They noted that the move was a valuation call. Berenberg Bank initiated coverage on Yext in a report on Friday, November 16th. They set a buy rating and a $25.00 target price for the company. Finally, KeyCorp restated a hold rating on shares of Yext in a report on Thursday, November 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $22.57.
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Yext Company Profile
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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