Yext (NYSE:YEXT – Get Free Report) Director Seth Waugh bought 133,000 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were acquired at an average cost of $3.75 per share, for a total transaction of $498,750.00. Following the completion of the transaction, the director owned 319,411 shares of the company’s stock, valued at approximately $1,197,791.25. The trade was a 71.35% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Yext Stock Down 0.7%
Shares of NYSE YEXT traded down $0.03 during midday trading on Thursday, reaching $3.78. 1,240,985 shares of the company’s stock were exchanged, compared to its average volume of 2,515,086. Yext has a 52-week low of $3.27 and a 52-week high of $9.20. The stock has a market capitalization of $378.44 million, a PE ratio of 53.93 and a beta of 1.16. The company has a debt-to-equity ratio of 6.03, a quick ratio of 0.79 and a current ratio of 0.79. The business’s fifty day moving average price is $3.80 and its two-hundred day moving average price is $5.77.
Yext (NYSE:YEXT – Get Free Report) last announced its earnings results on Tuesday, June 2nd. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. Yext had a return on equity of 43.47% and a net margin of 8.93%.The business had revenue of $107.92 million for the quarter, compared to analyst estimates of $110.70 million. During the same period in the previous year, the company earned $0.13 earnings per share. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. Analysts forecast that Yext will post 0.31 EPS for the current year.
Hedge Funds Weigh In On Yext
Wall Street Analyst Weigh In
A number of research firms recently commented on YEXT. Wall Street Zen downgraded Yext from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. DA Davidson reiterated a “neutral” rating and issued a $6.00 price target on shares of Yext in a research note on Wednesday, March 11th. B. Riley Financial decreased their price target on Yext from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Tuesday, March 10th. Weiss Ratings upgraded Yext from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, June 3rd. Finally, Roth Mkm downgraded Yext from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $9.50 to $6.00 in a research note on Wednesday, March 11th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $7.50.
Check Out Our Latest Stock Analysis on Yext
About Yext
Yext, Inc is a software-as-a-service company that provides a platform for digital knowledge management. Its core offering enables businesses to centrally manage and synchronize public-facing information—such as location details, product descriptions and service offerings—across a network of search engines, mapping services, voice assistants and third-party directories.
The Yext platform is built around a proprietary Knowledge Graph, which stores and structures data to ensure consistency and accuracy.
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