Yext (NYSE:YEXT) received a $24.00 price target from DA Davidson in a research report issued to clients and investors on Monday, The Fly reports. The brokerage presently has a “buy” rating on the stock. DA Davidson’s price objective points to a potential upside of 58.52% from the stock’s previous close. The analysts noted that the move was a valuation call.
Several other equities analysts have also weighed in on the company. Morgan Stanley restated a “hold” rating and issued a $26.00 price target (up previously from $15.00) on shares of Yext in a research note on Tuesday, September 18th. SunTrust Banks initiated coverage on Yext in a research note on Monday, August 13th. They issued a “buy” rating for the company. KeyCorp restated a “hold” rating on shares of Yext in a research note on Thursday, August 30th. Berenberg Bank initiated coverage on Yext in a research note on Friday, November 16th. They issued a “buy” rating and a $25.00 price target for the company. Finally, Zacks Investment Research upgraded Yext from a “sell” rating to a “hold” rating in a research note on Saturday, November 17th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Yext has an average rating of “Buy” and an average target price of $22.00.
Shares of Yext stock traded up $0.62 on Monday, hitting $15.14. The company’s stock had a trading volume of 94,563 shares, compared to its average volume of 1,013,259. Yext has a 1 year low of $10.58 and a 1 year high of $27.19. The firm has a market cap of $1.43 billion, a PE ratio of -17.80 and a beta of 1.51.
Yext (NYSE:YEXT) last announced its quarterly earnings results on Thursday, November 29th. The company reported ($0.25) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by ($0.04). Yext had a negative net margin of 38.03% and a negative return on equity of 102.38%. The business had revenue of $58.70 million during the quarter, compared to analysts’ expectations of $58.39 million. During the same quarter in the prior year, the firm earned ($0.12) EPS. Yext’s revenue for the quarter was up 32.5% on a year-over-year basis. Sell-side analysts anticipate that Yext will post -0.79 earnings per share for the current fiscal year.
In other Yext news, President Brian Distelburger sold 1,318 shares of the business’s stock in a transaction that occurred on Friday, September 21st. The stock was sold at an average price of $24.87, for a total transaction of $32,778.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tom Christopher Dixon sold 32,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $24.79, for a total value of $805,675.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 949,394 shares of company stock valued at $20,014,456. 20.80% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of the business. BlackRock Inc. boosted its holdings in shares of Yext by 1.5% during the 3rd quarter. BlackRock Inc. now owns 5,222,295 shares of the company’s stock worth $123,769,000 after purchasing an additional 75,164 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Yext by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 5,018,401 shares of the company’s stock worth $118,936,000 after purchasing an additional 48,661 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Yext by 159.7% during the 3rd quarter. Renaissance Technologies LLC now owns 2,078,686 shares of the company’s stock worth $49,265,000 after purchasing an additional 1,278,386 shares during the last quarter. Capital International Investors acquired a new position in shares of Yext during the 3rd quarter worth approximately $44,201,000. Finally, Clearbridge Investments LLC boosted its holdings in shares of Yext by 4.4% during the 3rd quarter. Clearbridge Investments LLC now owns 1,157,588 shares of the company’s stock worth $27,435,000 after purchasing an additional 49,059 shares during the last quarter. Institutional investors own 52.36% of the company’s stock.
Yext Company Profile
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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