Yext’s (YEXT) Buy Rating Reiterated at Roth Mkm

Roth Mkm reissued their buy rating on shares of Yext (NYSE:YEXT) in a research note released on Thursday morning, Benzinga reports. Roth Mkm currently has a $7.50 price objective on the stock, down from their prior price objective of $8.00.

A number of other equities research analysts have also weighed in on YEXT. DA Davidson boosted their price objective on shares of Yext from $5.50 to $5.75 and gave the company a neutral rating in a report on Thursday. Needham & Company LLC upgraded Yext from a hold rating to a buy rating and set a $8.00 target price on the stock in a research report on Thursday.

Yext Stock Performance

Shares of Yext stock opened at $6.22 on Thursday. The company has a market capitalization of $784.59 million, a PE ratio of -124.40 and a beta of 1.17. The company has a 50-day simple moving average of $5.24 and a two-hundred day simple moving average of $5.43. Yext has a one year low of $4.29 and a one year high of $7.59.

Yext (NYSE:YEXT) last released its quarterly earnings results on Wednesday, September 4th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.02. Yext had a negative net margin of 1.68% and a negative return on equity of 3.44%. The business had revenue of $97.90 million for the quarter, compared to analyst estimates of $98.15 million. During the same period in the previous year, the company earned ($0.03) earnings per share. The business’s revenue for the quarter was down 4.6% on a year-over-year basis. On average, equities analysts predict that Yext will post 0.04 earnings per share for the current fiscal year.

Insider Transactions at Yext

In related news, General Counsel Ho Shin sold 35,000 shares of the stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $5.04, for a total value of $176,400.00. Following the completion of the sale, the general counsel now owns 125,207 shares of the company’s stock, valued at $631,043.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 8.40% of the company’s stock.

Hedge Funds Weigh In On Yext

Large investors have recently modified their holdings of the business. Algert Global LLC increased its position in shares of Yext by 410.4% during the second quarter. Algert Global LLC now owns 317,046 shares of the company’s stock valued at $1,696,000 after acquiring an additional 254,924 shares during the last quarter. Lynrock Lake LP boosted its position in shares of Yext by 23.8% during the 2nd quarter. Lynrock Lake LP now owns 8,267,487 shares of the company’s stock worth $44,231,000 after purchasing an additional 1,591,791 shares during the period. Mackenzie Financial Corp increased its holdings in Yext by 10.3% in the 2nd quarter. Mackenzie Financial Corp now owns 26,732 shares of the company’s stock valued at $143,000 after purchasing an additional 2,493 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Yext by 12.5% in the second quarter. The Manufacturers Life Insurance Company now owns 4,734,880 shares of the company’s stock valued at $25,332,000 after purchasing an additional 526,043 shares during the period. Finally, Dark Forest Capital Management LP acquired a new position in Yext during the second quarter worth $125,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Yext Company Profile

Yext, Inc organizes business facts to provide answers to consumer questions in North America and internationally. It operates Yext platform, a cloud-based platform that allows its customers to offer answers to consumer questions, to control the facts about their businesses and the content of their landing pages, and to manage their consumer reviews; and provides customers to update their information and content through its publisher network of maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks, as well as professional services.