Wall Street brokerages expect Yext Inc (NYSE:YEXT) to announce $49.08 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Yext’s earnings. The lowest sales estimate is $48.60 million and the highest is $49.56 million. Yext posted sales of $37.08 million in the same quarter last year, which suggests a positive year over year growth rate of 32.4%. The company is scheduled to report its next quarterly earnings report on Thursday, June 7th.
According to Zacks, analysts expect that Yext will report full-year sales of $49.08 million for the current fiscal year, with estimates ranging from $224.59 million to $225.78 million. For the next year, analysts forecast that the firm will report sales of $294.68 million per share, with estimates ranging from $290.24 million to $300.01 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Yext.
YEXT has been the topic of several recent analyst reports. KeyCorp reaffirmed a “buy” rating and issued a $16.00 price target on shares of Yext in a report on Sunday, December 10th. Zacks Investment Research cut shares of Yext from a “hold” rating to a “sell” rating in a report on Wednesday, March 14th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $16.00 price target on shares of Yext in a report on Friday, March 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.00.
In other Yext news, CFO Steven Cakebread sold 10,000 shares of the business’s stock in a transaction on Thursday, March 22nd. The shares were sold at an average price of $12.39, for a total transaction of $123,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Howard Lerman sold 30,000 shares of the business’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $11.99, for a total transaction of $359,700.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 733,941 shares of company stock valued at $8,775,912.
A number of hedge funds have recently added to or reduced their stakes in YEXT. Royal Bank of Canada bought a new stake in Yext during the second quarter valued at $100,000. Grace & White Inc. NY bought a new stake in Yext during the fourth quarter valued at $126,000. Teacher Retirement System of Texas bought a new stake in Yext during the fourth quarter valued at $131,000. MetLife Investment Advisors LLC bought a new stake in Yext during the fourth quarter valued at $140,000. Finally, Public Employees Retirement Association of Colorado bought a new stake in Yext during the fourth quarter valued at $169,000. Hedge funds and other institutional investors own 38.78% of the company’s stock.
Yext stock traded up $0.06 on Friday, reaching $12.64. 846,850 shares of the company traded hands, compared to its average volume of 607,123. The firm has a market capitalization of $1,102.98 and a PE ratio of -13.31. Yext has a 1 year low of $10.58 and a 1 year high of $15.11.
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Yext Inc is a knowledge engine provider. Yext puts business on the map. The Yext Knowledge Engine enables companies to manage their digital knowledge in the cloud and sync it to over 100 services in the PowerListings Network, including Apple Maps, Bing, Cortana, Facebook, Google, Google Maps, Instagram, Siri and Yelp.
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