Yext (NYSE:YEXT) posted its earnings results on Thursday. The company reported ($0.26) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($0.04), Morningstar.com reports. Yext had a negative net margin of 33.57% and a negative return on equity of 67.96%. The company had revenue of $72.37 million for the quarter, compared to the consensus estimate of $71.86 million. During the same quarter last year, the business earned ($0.10) earnings per share. Yext’s quarterly revenue was up 31.8% on a year-over-year basis.
Yext stock opened at $15.77 on Friday. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.15. The business’s 50-day simple moving average is $20.05 and its 200-day simple moving average is $20.36. Yext has a 52 week low of $12.90 and a 52 week high of $27.19.
Several equities analysts have weighed in on the company. SunTrust Banks set a $30.00 target price on Yext and gave the company a “buy” rating in a report on Monday, August 26th. ValuEngine lowered Yext from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 10th. Finally, Zacks Investment Research lowered Yext from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $23.50.
Several institutional investors have recently bought and sold shares of the company. Baillie Gifford & Co. grew its position in Yext by 421.5% during the first quarter. Baillie Gifford & Co. now owns 6,747,519 shares of the company’s stock worth $147,501,000 after buying an additional 5,453,728 shares in the last quarter. BlackRock Inc. grew its position in Yext by 23.0% during the second quarter. BlackRock Inc. now owns 7,615,307 shares of the company’s stock worth $152,991,000 after buying an additional 1,421,845 shares in the last quarter. Clearbridge Investments LLC grew its position in Yext by 25.9% during the first quarter. Clearbridge Investments LLC now owns 3,204,760 shares of the company’s stock worth $70,056,000 after buying an additional 658,477 shares in the last quarter. Nuveen Asset Management LLC acquired a new stake in Yext during the second quarter worth about $12,494,000. Finally, Norges Bank acquired a new stake in Yext during the fourth quarter worth about $7,743,000. Institutional investors and hedge funds own 60.66% of the company’s stock.
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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