Yext Inc (YEXT) Given Average Rating of “Buy” by Brokerages
Yext Inc (NYSE:YEXT) has been given a consensus rating of “Buy” by the nine brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $23.86.
Several research firms have recently issued reports on YEXT. Oppenheimer began coverage on Yext in a report on Thursday, January 24th. They set an “outperform” rating and a $23.00 price objective on the stock. ValuEngine cut Yext from a “strong-buy” rating to a “buy” rating in a report on Friday, May 10th. Zacks Investment Research upgraded Yext from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Friday, May 3rd. SunTrust Banks restated a “buy” rating and set a $30.00 price objective on shares of Yext in a report on Monday, March 18th. Finally, Morgan Stanley raised their price objective on Yext from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Thursday, March 7th.
In related news, President Brian Distelburger sold 110,000 shares of Yext stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $20.38, for a total value of $2,241,800.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Howard Lerman sold 30,000 shares of Yext stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $18.18, for a total value of $545,400.00. The disclosure for this sale can be found here. Insiders have sold 1,098,533 shares of company stock worth $23,137,961 in the last 90 days. Insiders own 17.00% of the company’s stock.
NYSE:YEXT traded up $0.47 during trading hours on Friday, reaching $20.53. 2,793 shares of the company traded hands, compared to its average volume of 922,594. The stock has a market cap of $2.17 billion, a PE ratio of -26.96 and a beta of 0.89. Yext has a 1-year low of $12.90 and a 1-year high of $27.19.
Yext (NYSE:YEXT) last posted its quarterly earnings data on Wednesday, March 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.06. Yext had a negative return on equity of 101.77% and a negative net margin of 34.74%. The business had revenue of $63.80 million for the quarter, compared to analysts’ expectations of $62.77 million. During the same quarter last year, the firm earned ($0.10) earnings per share. The business’s revenue was up 32.9% on a year-over-year basis. As a group, equities analysts anticipate that Yext will post -0.85 EPS for the current year.
Yext Company Profile
Yext, Inc provides a knowledge engine platform that lets businesses manage their digital knowledge in the cloud and synchronize it to its knowledge network in North America and internationally. 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 knowledge Network of approximately 150 third-party maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks.
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