Yext (NYSE:YEXT) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of ($0.11)-($0.09) for the period, compared to the Thomson Reuters consensus estimate of ($0.10). The company issued revenue guidance of $66-67 million, compared to the consensus revenue estimate of $67.04 million.Yext also updated its FY 2020 guidance to $-0.44–0.4 EPS.
A number of research firms have commented on YEXT. Morgan Stanley raised their target price on Yext from $15.00 to $16.00 and gave the company an underweight rating in a report on Thursday. Oppenheimer began coverage on Yext in a report on Thursday, January 24th. They issued an outperform rating and a $23.00 target price for the company. SunTrust Banks reissued a buy rating and issued a $28.00 target price on shares of Yext in a report on Friday, December 14th. DA Davidson reduced their target price on Yext to $24.00 and set a buy rating for the company in a report on Monday, December 3rd. They noted that the move was a valuation call. Finally, KeyCorp reissued a hold rating on shares of Yext in a report on Thursday, November 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $22.71.
NYSE:YEXT opened at $22.43 on Friday. Yext has a 52-week low of $11.70 and a 52-week high of $27.19.
In other news, insider Jim Steele sold 11,174 shares of Yext stock in a transaction on Friday, December 21st. The stock was sold at an average price of $13.35, for a total transaction of $149,172.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Howard Lerman sold 30,000 shares of Yext stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $19.37, for a total value of $581,100.00. The disclosure for this sale can be found here. Insiders have sold a total of 512,067 shares of company stock valued at $8,197,032 in the last ninety days. Corporate insiders own 20.80% 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.
See Also: Gross Domestic Product (GDP)
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