Yext (NYSE:YEXT) Shares Gap Down After Earnings Miss

Yext, Inc. (NYSE:YEXT) shares gapped down prior to trading on Thursday following a weaker than expected 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) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.20). Yext had a negative return on equity of 11.10% and a negative net margin of 4.64%. The company had revenue of $113.09 million during the quarter, compared to the consensus estimate of $112.77 million.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on YEXT. Roth Mkm reaffirmed a “buy” rating and issued a $9.50 price objective (down from $10.50) on shares of Yext in a research note on Wednesday, February 26th. DA Davidson upped their price target on shares of Yext from $5.75 to $7.50 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Finally, Needham & Company LLC reissued a “buy” rating and set a $10.00 price objective on shares of Yext in a report on Thursday.

Institutional Trading of Yext

Large investors have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB acquired a new position in shares of Yext in the 3rd quarter valued at about $38,000. KBC Group NV purchased a new position in Yext during the fourth quarter valued at approximately $47,000. O Shaughnessy Asset Management LLC purchased a new position in Yext during the fourth quarter valued at approximately $64,000. EntryPoint Capital LLC purchased a new stake in Yext in the 4th quarter worth approximately $67,000. Finally, Virtu Financial LLC acquired a new stake in shares of Yext during the 4th quarter worth approximately $67,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Yext Trading Down 0.9 %

The firm’s fifty day moving average price is $6.52 and its two-hundred day moving average price is $6.73. The stock has a market capitalization of $795.72 million, a PE ratio of -41.57 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.