Yext (NYSE:YEXT) updated its third quarter 2020 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $-0.19–0.18 for the period, compared to the Thomson Reuters consensus estimate of $-0.13. The company issued revenue guidance of $75.5-76.5 million, compared to the consensus revenue estimate of $76.59 million.Yext also updated its FY 2020 guidance to $-0.43–0.41 EPS.
Several research firms recently weighed in on YEXT. ValuEngine downgraded Yext from a strong-buy rating to a buy rating in a report on Friday, May 10th. Zacks Investment Research downgraded Yext from a buy rating to a hold rating in a report on Saturday, August 3rd. Finally, SunTrust Banks set a $30.00 price objective on Yext and gave the company a buy rating in a report on Monday. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. Yext presently has an average rating of Buy and a consensus price target of $23.50.
Yext stock traded up $0.68 during trading hours on Thursday, reaching $18.34. The stock had a trading volume of 1,685,474 shares, compared to its average volume of 865,203. The company has a market cap of $2.02 billion, a price-to-earnings ratio of -24.13 and a beta of 1.14. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.14 and a quick ratio of 2.14. The business’s 50 day moving average price is $20.18 and its 200-day moving average price is $20.36. Yext has a 52 week low of $12.90 and a 52 week high of $27.19.
Yext (NYSE:YEXT) last announced its earnings results on Thursday, May 30th. The company reported ($0.18) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.02. The business had revenue of $68.71 million during the quarter, compared to the consensus estimate of $66.74 million. Yext had a negative net margin of 32.59% and a negative return on equity of 68.88%. The firm’s revenue was up 34.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.10) earnings per share. On average, sell-side analysts forecast that Yext will post -0.84 EPS for the current fiscal year.
In other news, insider Tom Christopher Dixon sold 4,167 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $22.08, for a total transaction of $92,007.36. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Steven Cakebread sold 10,000 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $18.22, for a total transaction of $182,200.00. The disclosure for this sale can be found here. Insiders sold 586,197 shares of company stock valued at $11,703,233 over the last quarter. 17.00% of the stock is currently owned by corporate insiders.
Yext Company Profile
Yext, Inc provides a knowledge engine platform that lets businesses manage their digital knowledge in the cloud and synchronize it to its knowledge network in North America and internationally. 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 knowledge Network of approximately 150 third-party maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks.
Further Reading: Average Daily Trade Volume Explained
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