Yext, Inc. (NYSE:YEXT – Get Rating) CFO Darryl Bond sold 21,655 shares of Yext stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $5.36, for a total value of $116,070.80. Following the transaction, the chief financial officer now owns 82,154 shares in the company, valued at approximately $440,345.44. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
YEXT stock opened at $5.34 on Thursday. The firm has a market capitalization of $659.96 million, a PE ratio of -6.76 and a beta of 1.49. Yext, Inc. has a 1-year low of $4.26 and a 1-year high of $15.11. The business’s 50 day simple moving average is $5.42 and its 200 day simple moving average is $7.18.
Yext (NYSE:YEXT – Get Rating) last posted its earnings results on Wednesday, June 8th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. The business had revenue of $98.80 million for the quarter, compared to analyst estimates of $96.71 million. Yext had a negative return on equity of 49.72% and a negative net margin of 25.53%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.14) EPS. As a group, research analysts predict that Yext, Inc. will post -0.69 EPS for the current fiscal year.
Several equities analysts have recently weighed in on YEXT shares. Truist Financial cut Yext from a “buy” rating to a “hold” rating and cut their price objective for the company from $17.00 to $6.00 in a report on Wednesday, March 9th. DA Davidson set a $6.00 target price on Yext in a research report on Monday. MKM Partners dropped their target price on Yext from $17.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, March 10th. Finally, Needham & Company LLC lowered Yext from a “buy” rating to a “hold” rating in a research report on Wednesday, March 9th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat, Yext presently has an average rating of “Hold” and a consensus price target of $10.00.
Yext Company Profile (Get Rating)
Yext, Inc organizes business facts to provide answers to consumer questions in North America and internationally. It operates Yext platform, a cloud-based platform that allows its customers to provide answers to consumer questions, to control the facts about their businesses and the content of their landing pages, and to manage their consumer reviews, as well as provides customers to update their information and content through its knowledge network of approximately 200 maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks.
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