In a report released yesterday, Brent Bracelin from KeyBanc maintained a Hold rating on Yext Inc (YEXT). The company’s shares closed yesterday at $18.21.
Bracelin observed:
“We are making no change to our FY19 revenue estimate after the 3Q beat, a slight improvement to EPS estimates this year and no change to FY20.”
According to TipRanks.com, Bracelin is a top 25 analyst with an average return of 20.1% and a 70.6% success rate. Bracelin covers the Technology sector, focusing on stocks such as Tyler Technologies, Salesforce.com, and Everbridge Inc.
Currently, the analyst consensus on Yext Inc is a Moderate Buy with an average price target of $26.67.
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Based on Yext Inc’s latest earnings release for the quarter ending July 31, the company reported a quarterly GAAP net loss of $21.1 million. In comparison, last year the company had a GAAP net loss of $17.06 million.
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Yext, Inc. is an emerging growth company engages in software development. It offers a cloud-based digital knowledge platform which allows businesses manage their digital knowledge in the cloud such as financial information, resources and performance of these resources on a consolidated basis and sync it to other application such as Apple Maps, Bing, Cortana, Facebook, Google, Google Maps, Instagram, Siri and Yelp. It offers the Yext Knowledge Engine package on subscription basis which has an access to Listings, Pages, Reviews and other features. The Listing feature provides customers with control over their digital presence, including their location and other related attributes published on the used third-party applications. The Pages feature allows customers to establish landing pages on their own websites and to manage digital content on those sites, including calls to action. The Reviews presence enables customers to encourage and facilitate reviews from end consumers. The company was founded by Howard Lerman, Brent Metz, and Brian Distelburger in 2006 and is headquartered in New York, NY.
