Oppenheimer Remains a Buy on Yext Inc (YEXT)

By Carrie Williams

Oppenheimer analyst Koji Ikeda maintained a Buy rating on Yext Inc (YEXTResearch Report) today. The company’s shares opened today at $22.30.

According to TipRanks.com, Ikeda is a 5-star analyst with an average return of 36.1% and a 91.7% success rate. Ikeda covers the Technology sector, focusing on stocks such as Coupa Software Inc, BlackLine Inc, and SPS Commerce.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Yext Inc with a $24 average price target, which is a 7.6% upside from current levels. In a report issued on March 7, RBC Capital also maintained a Buy rating on the stock with a $25 price target.

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Based on Yext Inc’s latest earnings release for the quarter ending January 31, the company reported a quarterly GAAP net loss of $15.46 million. In comparison, last year the company had a GAAP net loss of $17 million.

Based on the recent corporate insider activity of 209 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.