Yext Inc (NYSE:YEXT) CAO Darryl Bond sold 2,263 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $10.09, for a total value of $22,833.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Yext stock opened at $10.89 on Thursday. The stock has a 50-day moving average price of $14.37 and a 200 day moving average price of $15.32. The company has a market cap of $1.29 billion, a P/E ratio of -9.99 and a beta of 0.98. The company has a current ratio of 1.54, a quick ratio of 1.98 and a debt-to-equity ratio of 0.57. Yext Inc has a 1 year low of $9.57 and a 1 year high of $22.65.
Yext (NYSE:YEXT) last released its earnings results on Tuesday, March 3rd. The company reported ($0.12) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.02. The company had revenue of $81.38 million for the quarter, compared to analysts’ expectations of $80.21 million. Yext had a negative return on equity of 55.70% and a negative net margin of 40.67%. The business’s revenue for the quarter was up 27.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.03) EPS. On average, equities analysts forecast that Yext Inc will post -1.09 earnings per share for the current fiscal year.
YEXT has been the topic of several recent analyst reports. Royal Bank of Canada cut their price objective on Yext from $20.00 to $19.00 and set an “outperform” rating on the stock in a report on Wednesday, March 4th. Morgan Stanley dropped their target price on shares of Yext from $15.00 to $13.00 and set an “underweight” rating on the stock in a research report on Friday, December 6th. DA Davidson cut their price target on shares of Yext from $24.00 to $16.50 and set a “buy” rating on the stock in a report on Friday, December 6th. Berenberg Bank restated a “buy” rating and issued a $18.00 price target on shares of Yext in a research report on Monday, March 9th. Finally, ValuEngine raised shares of Yext from a “hold” rating to a “buy” rating in a research note on Saturday, February 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $18.31.
Yext Company Profile
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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