Shares of Yext, Inc. (NYSE:YEXT – Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $5.96, but opened at $7.49. Yext shares last traded at $6.34, with a volume of 1,144,671 shares trading hands.
Wall Street Analysts Forecast Growth
Generative AI is Driving Yext to Up Its Full-Year Guidance
Separately, B. Riley decreased their price objective on shares of Yext from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday. One analyst has rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Yext has an average rating of “Moderate Buy” and an average target price of $11.20.
Yext Stock Performance
The stock has a market cap of $765.53 million, a price-to-earnings ratio of -68.89 and a beta of 1.27. The company’s 50 day simple moving average is $5.92 and its two-hundred day simple moving average is $6.33.
Yext (NYSE:YEXT – Get Free Report) last posted its earnings results on Tuesday, December 5th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.07 by $0.02. The firm had revenue of $101.16 million for the quarter, compared to the consensus estimate of $102.16 million. Yext had a negative net margin of 2.99% and a negative return on equity of 8.91%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.10) earnings per share. On average, equities research analysts predict that Yext, Inc. will post -0.07 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Yext
A number of hedge funds have recently bought and sold shares of the company. HighTower Advisors LLC acquired a new position in Yext during the 1st quarter valued at $230,000. Bank of Montreal Can bought a new stake in Yext in the first quarter valued at $75,000. MetLife Investment Management LLC increased its position in shares of Yext by 40.5% during the 1st quarter. MetLife Investment Management LLC now owns 53,376 shares of the company’s stock worth $368,000 after purchasing an additional 15,382 shares in the last quarter. Panagora Asset Management Inc. lifted its holdings in Yext by 408.7% during the 1st quarter. Panagora Asset Management Inc. now owns 178,145 shares of the company’s stock valued at $1,227,000 after purchasing an additional 143,122 shares during the last quarter. Finally, BlackRock Inc. boosted its position in Yext by 5.5% in the first quarter. BlackRock Inc. now owns 11,289,862 shares of the company’s stock valued at $77,787,000 after buying an additional 589,806 shares in the last quarter. 71.49% of the stock is currently owned by institutional investors.
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 provide answers to consumer questions, to control the facts about their businesses and the content of their landing pages, and to manage their consumer reviews, as well as provides customers to update their information and content through its knowledge network of approximately 200 maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks.