Yext (YEXT) Issues FY 2020 Earnings Guidance

Yext (NYSE:YEXT) updated its FY 2020 earnings guidance on Wednesday. The company provided earnings per share guidance of $-0.44–0.4 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.38. The company issued revenue guidance of $295-300 million, compared to the consensus revenue estimate of $297.67 million.Yext also updated its FY20 guidance to ($0.44)-($0.40) EPS.

Several equities research analysts recently commented on the stock. Morgan Stanley cut shares of Yext from an equal weight rating to an underweight rating and cut their price objective for the company from $18.00 to $15.00 in a research report on Tuesday, January 15th. DA Davidson lowered their price target on shares of Yext to $24.00 and set a buy rating on the stock in a research note on Monday, December 3rd. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Yext from a sell rating to a hold rating in a research note on Saturday, November 17th. Oppenheimer started coverage on shares of Yext in a research note on Thursday, January 24th. They set an outperform rating and a $23.00 price objective on the stock. Finally, Berenberg Bank started coverage on shares of Yext in a research note on Friday, November 16th. They set a buy rating and a $25.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $22.71.

Yext stock opened at $22.43 on Friday. Yext has a fifty-two week low of $11.70 and a fifty-two week high of $27.19.

Yext (NYSE:YEXT) last released its quarterly earnings data on Wednesday, March 6th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.06. The company had revenue of $63.80 million for the quarter, compared to analyst estimates of $62.77 million. Yext had a negative net margin of 38.03% and a negative return on equity of 104.78%. Yext’s revenue for the quarter was up 32.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.10) EPS. As a group, research analysts expect that Yext will post -0.81 earnings per share for the current year.

In related news, insider Tom Christopher Dixon sold 5,000 shares of Yext stock in a transaction dated Tuesday, December 11th. The shares were sold at an average price of $15.56, for a total transaction of $77,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Phillip M. Fernandez sold 2,000 shares of Yext stock in a transaction dated Thursday, December 13th. The stock was sold at an average price of $15.66, for a total transaction of $31,320.00. The disclosure for this sale can be found here. Insiders have sold a total of 512,067 shares of company stock valued at $8,197,032 in the last ninety days. 20.80% of the stock is currently owned by insiders.

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About Yext

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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