Equities analysts expect that Yext Inc (NYSE:YEXT) will announce $62.77 million in sales for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Yext’s earnings, with the highest sales estimate coming in at $63.10 million and the lowest estimate coming in at $62.56 million. Yext posted sales of $48.02 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 30.7%. The firm is scheduled to issue its next quarterly earnings report on Thursday, March 14th.
According to Zacks, analysts expect that Yext will report full-year sales of $227.66 million for the current fiscal year, with estimates ranging from $227.43 million to $228.00 million. For the next fiscal year, analysts anticipate that the business will report sales of $297.00 million, with estimates ranging from $288.61 million to $304.81 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Yext.
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Yext (NYSE:YEXT) last issued its quarterly earnings data on Thursday, November 29th. The company reported ($0.25) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by ($0.04). Yext had a negative return on equity of 104.78% and a negative net margin of 38.03%. The business had revenue of $58.70 million for the quarter, compared to analysts’ expectations of $58.39 million. During the same period in the previous year, the firm posted ($0.12) EPS. The firm’s revenue for the quarter was up 32.5% compared to the same quarter last year.
Several research analysts have recently commented on the company. Zacks Investment Research raised Yext from a “sell” rating to a “hold” rating in a report on Saturday, November 17th. SunTrust Banks reissued a “buy” rating and set a $28.00 price objective on shares of Yext in a report on Friday, December 14th. KeyCorp reissued a “hold” rating on shares of Yext in a report on Thursday, November 29th. Berenberg Bank assumed coverage on Yext in a report on Friday, November 16th. They set a “buy” rating and a $25.00 price objective for the company. Finally, DA Davidson cut their price objective 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. Yext presently has a consensus rating of “Buy” and a consensus target price of $22.57.
In other Yext news, insider Tom Christopher Dixon sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of $17.96, for a total value of $89,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Phillip M. Fernandez sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of $18.01, for a total value of $36,020.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 627,067 shares of company stock valued at $9,950,452. 20.80% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of YEXT. Edge Wealth Management LLC bought a new position in shares of Yext in the fourth quarter worth approximately $92,000. Cim Investment Mangement Inc. bought a new position in shares of Yext in the fourth quarter worth approximately $165,000. Diversified Trust Co bought a new position in shares of Yext in the fourth quarter worth approximately $185,000. SG Americas Securities LLC bought a new position in shares of Yext in the fourth quarter worth approximately $187,000. Finally, FMR LLC bought a new position in shares of Yext in the third quarter worth approximately $203,000. 51.19% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE YEXT traded up $0.25 during midday trading on Friday, hitting $17.66. 724,284 shares of the company’s stock were exchanged, compared to its average volume of 649,499. Yext has a 12-month low of $10.64 and a 12-month high of $27.19. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of -20.78 and a beta of 0.77.
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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