BidaskClub Upgrades Yext Inc. (YEXT) to “Hold”

Yext Inc. (NYSE:YEXT) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Saturday.

Several other equities research analysts have also recently issued reports on the stock. KeyCorp raised shares of Yext from a “sector weight” rating to an “overweight” rating in a research report on Monday, October 16th. Piper Jaffray Companies reissued a “buy” rating and issued a $17.00 price objective on shares of Yext in a research report on Thursday, October 12th. Zacks Investment Research cut shares of Yext from a “hold” rating to a “sell” rating in a research report on Wednesday, September 27th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $18.00 price objective on shares of Yext in a research report on Friday, September 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Yext has an average rating of “Hold” and an average price target of $16.25.

Shares of Yext (NYSE YEXT) opened at $12.01 on Friday. Yext has a 52-week low of $11.12 and a 52-week high of $15.11.

Yext (NYSE:YEXT) last released its quarterly earnings data on Wednesday, September 6th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.04). The business had revenue of $40.77 million for the quarter, compared to the consensus estimate of $40.30 million. Yext’s revenue for the quarter was up 37.9% compared to the same quarter last year. During the same period last year, the business posted ($0.22) earnings per share. analysts forecast that Yext will post -0.71 earnings per share for the current fiscal year.

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In other news, CEO Howard Lerman sold 4,039 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $12.00, for a total value of $48,468.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Brian Distelburger sold 8,160 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $11.39, for a total transaction of $92,942.40. The disclosure for this sale can be found here. Insiders sold a total of 99,699 shares of company stock valued at $1,188,660 in the last ninety days.

Several institutional investors and hedge funds have recently made changes to their positions in YEXT. Royal Bank of Canada purchased a new stake in shares of Yext in the 2nd quarter worth approximately $100,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Yext in the 2nd quarter worth approximately $146,000. Rhumbline Advisers purchased a new stake in shares of Yext in the 2nd quarter worth approximately $164,000. Alliancebernstein L.P. purchased a new stake in shares of Yext in the 2nd quarter worth approximately $172,000. Finally, New York State Common Retirement Fund purchased a new stake in shares of Yext in the 2nd quarter worth approximately $173,000. 29.17% of the stock is owned by hedge funds and other institutional investors.

Yext Company Profile

Yext Inc is a knowledge engine provider. Yext puts business on the map. The Yext Knowledge Engine enables companies to manage their digital knowledge in the cloud and sync it to over 100 services in the PowerListings Network, including Apple Maps, Bing, Cortana, Facebook, Google, Google Maps, Instagram, Siri and Yelp.

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