Yext (NYSE:YEXT) Issues Earnings Results, Beats Expectations By $0.01 EPS

Yext (NYSE:YEXT) released its quarterly earnings data on Tuesday. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01, FiscalAI reports. The firm had revenue of $107.92 million for the quarter, compared to the consensus estimate of $112.10 million. Yext had a net margin of 8.48% and a return on equity of 29.61%.

Yext Price Performance

YEXT traded down $0.36 during midday trading on Tuesday, reaching $4.24. 1,739,983 shares of the company’s stock were exchanged, compared to its average volume of 1,060,702. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $424.57 million, a PE ratio of 74.60 and a beta of 1.14. The business’s 50-day moving average price is $3.86 and its 200 day moving average price is $5.99. Yext has a 1-year low of $3.29 and a 1-year high of $9.20.

Analyst Ratings Changes

A number of brokerages have issued reports on YEXT. Weiss Ratings cut shares of Yext from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 2nd. DA Davidson restated a “neutral” rating and set a $6.00 target price on shares of Yext in a research report on Wednesday, March 11th. B. Riley Financial cut their target price on shares of Yext from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Wall Street Zen cut shares of Yext from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Finally, Roth Mkm cut shares of Yext from a “buy” rating to a “neutral” rating and cut their target price for the stock from $9.50 to $6.00 in a research report on Wednesday, March 11th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Yext presently has an average rating of “Hold” and a consensus target price of $7.50.

Insider Transactions at Yext

In other news, CAO Allan Tang sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $3.62, for a total value of $36,200.00. Following the completion of the transaction, the chief accounting officer owned 7,848 shares of the company’s stock, valued at $28,409.76. The trade was a 56.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 5.20% of the company’s stock.

Hedge Funds Weigh In On Yext

A number of institutional investors have recently modified their holdings of YEXT. XTX Topco Ltd grew its stake in Yext by 94.5% during the third quarter. XTX Topco Ltd now owns 133,179 shares of the company’s stock worth $1,135,000 after buying an additional 64,703 shares during the period. SummitTX Capital L.P. purchased a new position in shares of Yext in the 4th quarter valued at $724,000. Integrated Quantitative Investments LLC raised its stake in shares of Yext by 64.9% in the 4th quarter. Integrated Quantitative Investments LLC now owns 69,562 shares of the company’s stock valued at $561,000 after acquiring an additional 27,369 shares during the period. Oxford Asset Management LLP purchased a new position in shares of Yext in the 4th quarter valued at $556,000. Finally, Fox Run Management L.L.C. purchased a new position in shares of Yext in the 4th quarter valued at $541,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

About Yext

Yext, Inc is a software-as-a-service company that provides a platform for digital knowledge management. Its core offering enables businesses to centrally manage and synchronize public-facing information—such as location details, product descriptions and service offerings—across a network of search engines, mapping services, voice assistants and third-party directories.

The Yext platform is built around a proprietary Knowledge Graph, which stores and structures data to ensure consistency and accuracy.