Yext (YEXT) Releases Q1 Earnings Guidance

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Yext (NYSE:YEXT) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of ($0.11)-($0.09) for the period, compared to the Thomson Reuters consensus estimate of ($0.10). The company issued revenue guidance of $66-67 million, compared to the consensus revenue estimate of $67.04 million.Yext also updated its FY 2020 guidance to $-0.44–0.4 EPS.

A number of analysts have weighed in on the stock. Oppenheimer assumed coverage on shares of Yext in a report on Thursday, January 24th. They set an outperform rating and a $23.00 price objective on the stock. Morgan Stanley cut shares of Yext from an equal weight rating to an underweight rating and cut their price objective for the stock from $18.00 to $15.00 in a report on Tuesday, January 15th. SunTrust Banks reissued a buy rating and set a $28.00 price objective on shares of Yext in a report on Friday, December 14th. DA Davidson cut their price objective on shares of Yext to $24.00 and set a buy rating on the stock in a report on Monday, December 3rd. They noted that the move was a valuation call. Finally, KeyCorp reissued a hold rating on shares of Yext in a report on Thursday, November 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $22.57.

Shares of Yext stock opened at $21.60 on Thursday. The firm has a market capitalization of $1.99 billion, a PE ratio of -25.41 and a beta of 0.77. Yext has a 12 month low of $11.70 and a 12 month high of $27.19.

Yext (NYSE:YEXT) last announced its earnings results on Wednesday, March 6th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.06. The business had revenue of $63.80 million for the quarter, compared to analysts’ expectations of $62.77 million. Yext had a negative net margin of 38.03% and a negative return on equity of 104.78%. The company’s quarterly revenue was up 32.9% on a year-over-year basis. During the same period in the previous year, the company posted ($0.10) EPS. Analysts predict that Yext will post -0.83 earnings per share for the current fiscal year.

In other news, insider Tom Christopher Dixon sold 5,000 shares of Yext stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $17.92, for a total value of $89,600.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Howard Lerman sold 3,509 shares of Yext stock in a transaction on Friday, December 21st. The shares were sold at an average price of $13.34, for a total transaction of $46,810.06. The disclosure for this sale can be found here. Insiders sold a total of 477,067 shares of company stock worth $7,519,132 over the last ninety days. Corporate insiders own 20.80% of the company’s stock.

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About Yext

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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