In a report released yesterday, Brent Bracelin from KeyBanc maintained a Hold rating on Yext Inc (YEXT). The company’s shares closed yesterday at $20.37.
Bracelin noted:
“We are lowering our revenue estimates slightly to factor in further SMB declines but still expect enterprise momentum to sustain 30%-plus growth. and large-deal momentum drove upside. Revenue grew 33% y/y to $63.8M driven by outsized growth within the enterprise and mid-market segments, partially offset by decelerating trends within SMB. The latter segment has fallen to less than 6% of sales vs. 14% in 2016 as Yext focuses additional sales investments on the enterprise. That said, large enterprise success continues to build. The Company added ~128 new enterprise customers vs. ~80 a year ago and ~80 last quarter. Large-deal momentum continued with 169 deals >$100K in contract value and 18 contracts over $1M, which is more than double y/y.”
According to TipRanks.com, Bracelin is a top 25 analyst with an average return of 25.8% and a 75.9% success rate. Bracelin covers the Technology sector, focusing on stocks such as Tyler Technologies, Salesforce.com, and Everbridge Inc.
Yext Inc has an analyst consensus of Moderate Buy, with a price target consensus of $22.
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The company has a one-year high of $27.19 and a one-year low of $11.70. Currently, Yext Inc has an average volume of 796.1K.
Based on the recent corporate insider activity of 208 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of YEXT in relation to earlier this year.
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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.
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