Yext (NYSE:YEXT) updated its FY 2019 earnings guidance on Thursday. The company provided EPS guidance of $-0.42–0.41 for the period, compared to the Thomson Reuters consensus EPS estimate of $-0.42. The company issued revenue guidance of $227-228 million, compared to the consensus revenue estimate of $227.57 million.Yext also updated its FY19 guidance to ($0.42)-($0.41) EPS.
Several equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Yext from a sell rating to a hold rating in a research report on Saturday, November 17th. KeyCorp reiterated a hold rating on shares of Yext in a research report on Thursday. Berenberg Bank assumed coverage on shares of Yext in a research report on Friday, November 16th. They set a buy rating and a $25.00 price objective for the company. SunTrust Banks assumed coverage on shares of Yext in a research report on Monday, August 13th. They set a buy rating for the company. Finally, DA Davidson assumed coverage on shares of Yext in a research report on Monday, October 8th. They set a buy rating and a $28.00 price objective for the company. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Yext has an average rating of Buy and a consensus price target of $24.20.
YEXT stock opened at $14.52 on Friday. Yext has a 52 week low of $10.58 and a 52 week high of $27.19.
Yext (NYSE:YEXT) last released 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 net margin of 38.03% and a negative return on equity of 102.38%. The business had revenue of $58.70 million for the quarter, compared to the consensus estimate of $58.39 million. During the same quarter last year, the business earned ($0.12) EPS. Yext’s revenue for the quarter was up 32.5% compared to the same quarter last year. Analysts expect that Yext will post -0.79 earnings per share for the current fiscal year.
In other news, President Brian Distelburger sold 1,318 shares of the stock in a transaction on Friday, September 21st. The shares were sold at an average price of $24.87, for a total value of $32,778.66. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Howard Lerman sold 30,000 shares of the stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $24.80, for a total transaction of $744,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 949,394 shares of company stock worth $20,014,456. Insiders own 20.80% of the company’s stock.
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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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