In yesterday’s Wall Street session, Yext Inc. (NYSE:YEXT) shares traded at $10.15, down -0.78% from the previous session.
5 analysts cover Yext Inc. (NYSE:YEXT), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $12.50 and a low of $11.00, we find $11.50. Given the previous closing price of $10.23, this indicates a potential upside of 12.41 percent. YEXT stock price is now 3.02% away from the 50-day moving average and 36.38% away from the 200-day moving average. The market capitalization of the company currently stands at $1.27B.
The stock has received a hold rating from 4 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $11.67 as their price target over the next twelve months.
With the price target of $11, B. Riley Securities recently initiated with Neutral rating for Yext Inc. (NYSE: YEXT).
In other news, Shin Ho, General Counsel sold 6,000 shares of the company’s stock on Jul 07. The stock was sold for $61,645 at an average price of $10.27. Upon completion of the transaction, the General Counsel now directly owns 114,224 shares in the company, valued at $1.16 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 27, Director Distelburger Brian sold 45,625 shares of the business’s stock. A total of $279,595 was realized by selling the stock at an average price of $6.13. This leaves the insider owning 3,070,805 shares of the company worth $31.17 million. Insiders disposed of 377,161 shares of company stock worth roughly $3.83 million over the past 1 year. A total of 3.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in YEXT stock. A new stake in Yext Inc. shares was purchased by PUTNAM INVESTMENTS LLC during the first quarter worth $1,131,000. MARSHALL WACE, LLP invested $1,118,000 in shares of YEXT during the first quarter. In the first quarter, GSA CAPITAL PARTNERS LLP acquired a new stake in Yext Inc. valued at approximately $969,000. KNIGHTSBRIDGE ASSET MANAGEMENT, LLC acquired a new stake in YEXT for approximately $849,000. BOULDER HILL CAPITAL MANAGEMENT LP purchased a new stake in YEXT valued at around $717,000 in the second quarter. In total, there are 238 active investors with 68.00% ownership of the company’s stock.
During the past 12 months, Yext Inc. has had a low of $4.00 and a high of $14.35. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.30, and a quick ratio of 1.30. The fifty day moving average price for YEXT is $9.89 and a two-hundred day moving average price translates $7.47 for the stock.
The latest earnings results from Yext Inc. (NYSE: YEXT) was released for Apr, 2023. According to the Software – Infrastructure Company, earnings per share came in at $0.09, beating analysts’ expectations of $0.05 by 0.04. This compares to -$0.20 EPS in the same period last year. The net profit margin was -10.10% and return on equity was -30.20% for YEXT. The company reported revenue of $99.45 million for the quarter, compared to $98.8 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.66 percent. For the current quarter, analysts expect YEXT to generate $101.97M in revenue.
Yext Inc.(YEXT) Company Profile
Yext, Inc. organizes business facts to provide answers to consumer questions in North America and internationally. It operates Yext platform, a cloud-based platform that allows its customers to provide answers to consumer questions, to control the facts about their businesses and the content of their landing pages, and to manage their consumer reviews, as well as provides customers to update their information and content through its knowledge network of approximately 200 maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks. The platform enables its customers to centralize, control and manage data fields, including store information, such as name, address, phone number and holiday hours; professional information, comprising of headshot, specialties, and education; job information, consisting of title and description; and FAQs and other information. It serves the healthcare, retail, and financial services industries. The company was incorporated in 2006 and is headquartered in New York, New York.
