Yext (NYSE:YEXT) Shares Gap Down Following Weak Earnings

Yext, Inc. (NYSE:YEXT) gapped down before the market opened on Thursday following a dissappointing earnings announcement. The stock had previously closed at $6.56, but opened at $5.85. Yext shares last traded at $6.21, with a volume of 210,650 shares traded.

The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.20). The business had revenue of $113.09 million for the quarter, compared to analysts’ expectations of $112.77 million. Yext had a negative net margin of 4.64% and a negative return on equity of 11.10%.

Wall Street Analysts Forecast Growth

YEXT has been the subject of a number of research reports. DA Davidson increased their target price on shares of Yext from $5.75 to $7.50 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Roth Mkm reissued a “buy” rating and set a $9.50 price objective (down from $10.50) on shares of Yext in a report on Wednesday, February 26th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $10.00 target price on shares of Yext in a research report on Thursday.

Institutional Trading of Yext

Several hedge funds and other institutional investors have recently modified their holdings of YEXT. Wilmington Savings Fund Society FSB bought a new position in Yext in the 3rd quarter worth approximately $38,000. KBC Group NV bought a new position in shares of Yext in the fourth quarter worth $47,000. O Shaughnessy Asset Management LLC bought a new position in shares of Yext in the fourth quarter worth $64,000. EntryPoint Capital LLC purchased a new position in shares of Yext in the fourth quarter valued at $67,000. Finally, Virtu Financial LLC bought a new stake in shares of Yext during the 4th quarter valued at $67,000. Institutional investors own 70.98% of the company’s stock.

Yext Trading Down 3.7 %

The business has a fifty day moving average of $6.52 and a 200-day moving average of $6.73. The firm has a market cap of $805.93 million, a PE ratio of -42.10 and a beta of 1.34.

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.