Yext’s (YEXT) Buy Rating Reaffirmed at Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of Yext (NYSE:YEXT) in a research note published on Thursday, Benzinga reports. The firm currently has a $7.50 price objective on the stock, down from their prior price objective of $8.00.

Several other equities research analysts also recently commented on the stock. DA Davidson lifted their target price on shares of Yext from $5.50 to $5.75 and gave the stock a neutral rating in a research report on Thursday. Needham & Company LLC upgraded shares of Yext from a hold rating to a buy rating and set a $8.00 price target on the stock in a report on Thursday.

Yext Stock Performance

NYSE YEXT opened at $5.57 on Thursday. The firm’s fifty day moving average price is $5.22 and its two-hundred day moving average price is $5.44. The stock has a market cap of $701.96 million, a PE ratio of -111.30 and a beta of 1.21. Yext has a fifty-two week low of $4.29 and a fifty-two week high of $9.35.

Yext (NYSE:YEXT) last issued its quarterly earnings data on Wednesday, September 4th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. Yext had a negative return on equity of 4.17% and a negative net margin of 1.51%. The business had revenue of $97.90 million for the quarter, compared to analyst estimates of $98.15 million. During the same quarter in the previous year, the company posted ($0.03) EPS. Yext’s quarterly revenue was down 4.6% compared to the same quarter last year. As a group, sell-side analysts predict that Yext will post 0.04 earnings per share for the current fiscal year.

Insider Activity at Yext

In other news, General Counsel Ho Shin sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $5.04, for a total value of $176,400.00. Following the transaction, the general counsel now owns 125,207 shares in the company, valued at approximately $631,043.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Williams & Novak LLC acquired a new stake in Yext during the second quarter worth approximately $56,000. Canada Pension Plan Investment Board bought a new stake in shares of Yext in the 2nd quarter valued at $62,000. Victory Capital Management Inc. lifted its position in shares of Yext by 23.1% during the 4th quarter. Victory Capital Management Inc. now owns 13,587 shares of the company’s stock valued at $80,000 after acquiring an additional 2,547 shares during the period. Dynamic Advisor Solutions LLC boosted its stake in Yext by 27.8% during the second quarter. Dynamic Advisor Solutions LLC now owns 15,545 shares of the company’s stock worth $83,000 after acquiring an additional 3,385 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its holdings in Yext by 36.2% in the second quarter. Harbor Capital Advisors Inc. now owns 18,618 shares of the company’s stock worth $100,000 after purchasing an additional 4,946 shares during the period. 70.98% of the stock is owned by institutional investors.

About Yext

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 offer answers to consumer questions, to control the facts about their businesses and the content of their landing pages, and to manage their consumer reviews; and provides customers to update their information and content through its publisher network of maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks, as well as professional services.