Yext Inc (NYSE:YEXT) Director Phillip M. Fernandez sold 2,000 shares of the business’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $21.00, for a total value of $42,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
YEXT stock opened at $20.29 on Friday. Yext Inc has a twelve month low of $12.82 and a twelve month high of $27.19. The stock has a market cap of $2.07 billion, a PE ratio of -26.70 and a beta of 0.94.
Yext (NYSE:YEXT) last posted its quarterly earnings data on Wednesday, March 6th. The company reported ($0.03) earnings per share for the quarter, beating the Zacks’ 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 firm had revenue of $63.80 million for the quarter, compared to analysts’ expectations of $62.77 million. During the same period in the previous year, the firm earned ($0.10) EPS. The business’s quarterly revenue was up 32.9% on a year-over-year basis. As a group, sell-side analysts predict that Yext Inc will post -0.85 earnings per share for the current year.
Several hedge funds have recently bought and sold shares of YEXT. Ropes Wealth Advisors LLC purchased a new position in Yext in the 1st quarter worth approximately $33,000. Flagship Harbor Advisors LLC lifted its holdings in Yext by 4,800.0% in the 1st quarter. Flagship Harbor Advisors LLC now owns 2,450 shares of the company’s stock worth $53,000 after purchasing an additional 2,400 shares in the last quarter. Edge Wealth Management LLC purchased a new position in Yext in the 4th quarter worth approximately $92,000. FMR LLC lifted its holdings in Yext by 10.5% in the 4th quarter. FMR LLC now owns 9,462 shares of the company’s stock worth $141,000 after purchasing an additional 900 shares in the last quarter. Finally, New World Advisors LLC purchased a new position in Yext in the 4th quarter worth approximately $164,000. 53.85% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have recently weighed in on YEXT shares. Morgan Stanley cut Yext from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $18.00 to $15.00 in a research report on Tuesday, January 15th. Oppenheimer started coverage on Yext in a research report on Thursday, January 24th. They set an “outperform” rating and a $23.00 price objective on the stock. SunTrust Banks reaffirmed a “buy” rating and set a $30.00 price objective on shares of Yext in a research report on Monday, March 18th. Finally, 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 report on Wednesday, March 27th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $23.13.
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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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