SunTrust Robinson Keeps Their Buy Rating on Yext Inc (YEXT)

SunTrust Robinson analyst Naved Khan maintained a Buy rating on Yext Inc (YEXTResearch Report) today and set a price target of $30. The company’s shares closed yesterday at $20.67.

Khan said:

“We believe that Yext remains in an early phase of its growth and mgt. focus remains squarely on executing against the LT opportunity, even as the evolving offering further increases the offering’s appeal and expands the TAM. While mid-size sales headcount appears to be ramping well, we see limited impact on NT growth and view it as a positive catalyst for FY21, as the effort gathers critical mass. Step-up increases in lease costs is likely to pressure FCF over the N/M term with leverage following as the top line grows at 30%+. in our view.”

According to TipRanks.com, Khan is a 5-star analyst with an average return of 21.3% and a 73.6% success rate. Khan covers the Technology sector, focusing on stocks such as Endurance International, Wix.com Ltd, and trivago NV.

Yext Inc has an analyst consensus of Moderate Buy, with a price target consensus of $29.50.

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Based on Yext Inc’s latest earnings release for the quarter ending April 30, the company reported a quarterly GAAP net loss of $18.96 million. In comparison, last year the company had a GAAP net loss of $18.14 million.

Based on the recent corporate insider activity of 218 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.