Yext Inc (NYSE:YEXT) – Equities research analysts at SunTrust Banks issued their FY2024 earnings estimates for Yext in a note issued to investors on Thursday, March 7th. SunTrust Banks analyst N. Khan anticipates that the company will post earnings of ($0.17) per share for the year. SunTrust Banks has a “Buy” rating and a $28.00 price target on the stock.
Get Yext alerts:Yext (NYSE:YEXT) last released its earnings results on Wednesday, March 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.06. The firm had revenue of $63.80 million for the quarter, compared to analyst estimates of $62.77 million. Yext had a negative return on equity of 104.78% and a negative net margin of 38.03%. Yext’s revenue was up 32.9% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.10) earnings per share.
Other research analysts have also issued reports about the company. Morgan Stanley lifted their target price on Yext from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Thursday, March 7th. Oppenheimer began coverage on Yext in a report on Thursday, January 24th. They set an “outperform” rating and a $23.00 target price on the stock. DA Davidson lowered their target price on Yext to $24.00 and set a “buy” rating on the stock in a report on Monday, December 3rd. They noted that the move was a valuation call. Berenberg Bank assumed coverage on Yext in a research note on Friday, November 16th. They issued a “buy” rating and a $25.00 price target on the stock. Finally, KeyCorp reissued a “hold” rating on shares of Yext in a research note on Thursday, November 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $22.71.
NYSE:YEXT opened at $23.06 on Monday. Yext has a 52-week low of $11.70 and a 52-week high of $27.19.
In other Yext news, Director Phillip M. Fernandez sold 2,000 shares of the firm’s stock in a transaction dated Thursday, December 13th. The stock was sold at an average price of $15.66, for a total transaction of $31,320.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Brian Distelburger sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $20.09, for a total value of $200,900.00. The disclosure for this sale can be found here. Insiders have sold a total of 517,067 shares of company stock valued at $8,320,132 over the last 90 days. Corporate insiders own 20.80% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in shares of Yext by 11.3% during the 4th quarter. BlackRock Inc. now owns 5,810,456 shares of the company’s stock valued at $86,285,000 after buying an additional 588,161 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Yext by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 5,018,401 shares of the company’s stock valued at $118,936,000 after buying an additional 48,661 shares during the last quarter. Vanguard Group Inc lifted its holdings in shares of Yext by 1.0% during the 3rd quarter. Vanguard Group Inc now owns 5,018,401 shares of the company’s stock valued at $118,936,000 after buying an additional 48,661 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its holdings in shares of Yext by 1.7% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,134,698 shares of the company’s stock valued at $31,700,000 after buying an additional 34,882 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Yext by 159.7% during the 3rd quarter. Renaissance Technologies LLC now owns 2,078,686 shares of the company’s stock valued at $49,265,000 after buying an additional 1,278,386 shares during the last quarter. Hedge funds and other institutional investors own 51.93% 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.
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