Morgan Stanley Cuts Yext (YEXT) Price Target to $18.00

Yext (NYSE:YEXT) had its target price trimmed by Morgan Stanley from $25.00 to $18.00 in a report released on Monday. The firm currently has an equal weight rating on the stock.

Other research analysts have also recently issued reports about the company. SunTrust Banks began coverage on Yext in a report on Monday, August 13th. They issued a buy rating on the stock. DA Davidson initiated coverage on Yext in a report on Monday, October 8th. They issued a buy rating and a $28.00 price objective on the stock. KeyCorp reissued a hold rating on shares of Yext in a research report on Thursday, November 29th. Berenberg Bank initiated coverage on Yext in a research report on Friday, November 16th. They issued a buy rating and a $25.00 target price on the stock. Finally, Zacks Investment Research raised Yext from a sell rating to a hold rating in a research report on Saturday, November 17th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $22.00.

YEXT opened at $15.52 on Monday. Yext has a one year low of $10.58 and a one year high of $27.19. The company has a market capitalization of $1.52 billion, a P/E ratio of -18.26 and a beta of 1.46.



Yext (NYSE:YEXT) last released its quarterly earnings data on Thursday, November 29th. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.04). Yext had a negative net margin of 38.03% and a negative return on equity of 104.78%. The business had revenue of $58.70 million during the quarter, compared to analyst estimates of $58.39 million. During the same quarter in the prior year, the company posted ($0.12) earnings per share. The company’s revenue was up 32.5% on a year-over-year basis. Equities analysts anticipate that Yext will post -0.83 EPS for the current fiscal year.

In other news, insider Tom Christopher Dixon sold 12,500 shares of the company’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $26.08, for a total transaction of $326,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Steven Cakebread sold 20,000 shares of the company’s stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $17.95, for a total value of $359,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 841,894 shares of company stock worth $17,243,081. 20.80% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of YEXT. BlueMountain Capital Management LLC purchased a new stake in shares of Yext during the second quarter worth $118,000. FMR LLC purchased a new stake in shares of Yext during the third quarter worth $203,000. UBS Group AG increased its position in shares of Yext by 42.2% during the first quarter. UBS Group AG now owns 17,577 shares of the company’s stock worth $222,000 after acquiring an additional 5,217 shares during the period. United Services Automobile Association purchased a new stake in shares of Yext during the second quarter worth $223,000. Finally, NumerixS Investment Technologies Inc purchased a new stake in shares of Yext during the second quarter worth $228,000. 52.36% of the stock is currently owned by institutional investors and hedge funds.

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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