Yext Inc (NYSE:YEXT) has been given a consensus rating of “Buy” by the nine brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $23.57.

A number of research firms have commented on YEXT. SunTrust Banks reissued a “buy” rating and issued a $30.00 price objective on shares of Yext in a research note on Monday, March 18th. Morgan Stanley boosted their price objective on Yext from $15.00 to $16.00 and gave the stock an “underweight” rating in a research note on Thursday, March 7th. Zacks Investment Research raised Yext from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Friday, May 3rd. Finally, ValuEngine lowered Yext from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 10th.

In other news, CEO Howard Lerman sold 30,000 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $22.87, for a total transaction of $686,100.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Brian Distelburger sold 11,316 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $22.17, for a total value of $250,875.72. The disclosure for this sale can be found here. Insiders have sold 1,136,999 shares of company stock worth $23,682,837 in the last ninety days. 17.00% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of YEXT. Ropes Wealth Advisors LLC acquired a new position in shares of Yext during the first quarter valued at $33,000. Quantamental Technologies LLC acquired a new position in shares of Yext during the first quarter valued at $46,000. Flagship Harbor Advisors LLC lifted its stake in shares of Yext by 4,800.0% during the first quarter. Flagship Harbor Advisors LLC now owns 2,450 shares of the company’s stock valued at $53,000 after acquiring an additional 2,400 shares during the period. FMR LLC lifted its stake in shares of Yext by 10.5% during the fourth quarter. FMR LLC now owns 9,462 shares of the company’s stock valued at $141,000 after acquiring an additional 900 shares during the period. Finally, Great West Life Assurance Co. Can lifted its stake in shares of Yext by 87.4% during the first quarter. Great West Life Assurance Co. Can now owns 7,335 shares of the company’s stock valued at $160,000 after acquiring an additional 3,421 shares during the period. 57.88% of the stock is currently owned by institutional investors and hedge funds.

Yext stock opened at $20.45 on Thursday. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of -26.91 and a beta of 1.13. Yext has a 52 week low of $12.90 and a 52 week high of $27.19.

Yext (NYSE:YEXT) last posted its quarterly earnings data on Thursday, May 30th. The company reported ($0.18) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.02. The company had revenue of $68.71 million for the quarter, compared to analyst estimates of $66.74 million. Yext had a negative return on equity of 68.88% and a negative net margin of 32.59%. The business’s revenue was up 34.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.10) earnings per share. Research analysts anticipate that Yext will post -0.85 earnings per share for the current year.

About Yext

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.

Further Reading: What is Forex?

Analyst Recommendations for Yext (NYSE:YEXT)

Receive News & Ratings for Yext Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yext and related companies with MarketBeat.com's FREE daily email newsletter.