Yext (NYSE:YEXT) has received an average recommendation of “Hold” from the eight ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $16.00.
A number of equities analysts have recently issued reports on the company. Piper Jaffray reaffirmed a “buy” rating and set a $16.00 price target on shares of Yext in a research report on Friday, March 9th. Zacks Investment Research downgraded Yext from a “hold” rating to a “sell” rating in a research report on Wednesday, March 14th.
In other news, Director Andrew T. Sheehan bought 1,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 21st. The shares were purchased at an average cost of $12.00 per share, with a total value of $12,000,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Steven Cakebread sold 10,000 shares of the company’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $13.30, for a total value of $133,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 771,441 shares of company stock worth $9,379,777.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Grace & White Inc. NY acquired a new position in shares of Yext in the 4th quarter valued at $126,000. Teacher Retirement System of Texas purchased a new stake in Yext in the fourth quarter valued at $131,000. MetLife Investment Advisors LLC purchased a new stake in Yext in the fourth quarter valued at $140,000. Public Employees Retirement Association of Colorado purchased a new stake in Yext in the fourth quarter valued at $169,000. Finally, Dynamic Advisors Solutions LLC purchased a new stake in Yext in the fourth quarter valued at $175,000. 38.78% of the stock is currently owned by hedge funds and other institutional investors.
Shares of YEXT stock opened at $12.92 on Friday. Yext has a 12-month low of $10.58 and a 12-month high of $15.11.
Yext (NYSE:YEXT) last issued its quarterly earnings results on Thursday, March 8th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.01). The business had revenue of $48.02 million for the quarter, compared to analyst estimates of $47.88 million. Yext had a negative return on equity of 69.04% and a negative net margin of 39.11%. equities research analysts anticipate that Yext will post -0.7 earnings per share for the current year.
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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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