Yext (YEXT) Earning Somewhat Positive News Coverage, Study Shows

Headlines about Yext (NYSE:YEXT) have trended somewhat positive this week, according to Accern. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Yext earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave media headlines about the company an impact score of 45.8101321561251 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

YEXT has been the subject of several recent analyst reports. Zacks Investment Research lowered Yext from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Pacific Crest initiated coverage on Yext in a report on Monday, May 8th. They issued a “sector weight” rating for the company. Piper Jaffray Companies initiated coverage on Yext in a report on Monday, May 8th. They issued an “overweight” rating and a $17.00 target price for the company. J P Morgan Chase & Co initiated coverage on Yext in a report on Monday, May 15th. They issued a “neutral” rating and a $15.00 target price for the company. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $15.00 target price (up from $14.00) on shares of Yext in a report on Saturday, June 3rd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $16.25.

Yext (YEXT) traded up 0.23% during trading on Friday, reaching $13.08. The company had a trading volume of 135,002 shares. The firm’s 50 day moving average price is $13.32 and its 200 day moving average price is $13.43. Yext has a 12-month low of $11.63 and a 12-month high of $15.11. The firm’s market capitalization is $1.18 billion.

Yext (NYSE:YEXT) last announced its quarterly earnings results on Thursday, June 1st. The company reported ($0.13) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.02. The firm had revenue of $37.10 million for the quarter, compared to the consensus estimate of $35.14 million. Yext’s quarterly revenue was up 36.9% compared to the same quarter last year. Equities research analysts forecast that Yext will post ($0.51) EPS for the current year.

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About Yext

Yext Inc is a knowledge engine provider. Yext puts business on the map. The Yext Knowledge Engine enables companies to manage their digital knowledge in the cloud and sync it to over 100 services in the PowerListings Network, including Apple Maps, Bing, Cortana, Facebook, Google, Google Maps, Instagram, Siri and Yelp.

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