Yext (NYSE:YEXT – Get Free Report) was the recipient of some unusual options trading activity on Friday. Investors purchased 10,002 put options on the company. This is an increase of 178% compared to the average volume of 3,596 put options.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on YEXT shares. B. Riley Financial reduced their price target on shares of Yext from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. Wall Street Zen cut shares of Yext from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Roth Mkm cut shares of Yext from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $9.50 to $6.00 in a research report on Wednesday, March 11th. Weiss Ratings cut shares of Yext from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 2nd. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $6.00 price objective on shares of Yext in a research report on Wednesday, March 11th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Yext presently has a consensus rating of “Hold” and a consensus target price of $7.50.
Get Our Latest Stock Report on YEXT
Insider Transactions at Yext
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the company. Haven Private LLC increased its stake in shares of Yext by 2.7% during the 3rd quarter. Haven Private LLC now owns 57,362 shares of the company’s stock worth $489,000 after purchasing an additional 1,507 shares during the last quarter. Strs Ohio grew its stake in Yext by 2.7% in the 3rd quarter. Strs Ohio now owns 77,200 shares of the company’s stock valued at $658,000 after buying an additional 2,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Yext by 6.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,232 shares of the company’s stock valued at $266,000 after buying an additional 2,016 shares during the last quarter. Clearstead Advisors LLC grew its stake in Yext by 147.1% in the 4th quarter. Clearstead Advisors LLC now owns 4,677 shares of the company’s stock valued at $38,000 after buying an additional 2,784 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its stake in Yext by 15.3% in the 3rd quarter. Neuberger Berman Group LLC now owns 24,770 shares of the company’s stock valued at $211,000 after buying an additional 3,292 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.
Yext Stock Down 2.2%
Yext stock opened at $3.47 on Friday. The firm has a market capitalization of $347.58 million, a PE ratio of 57.88 and a beta of 1.14. The company’s 50-day moving average is $4.20 and its 200-day moving average is $6.36. Yext has a fifty-two week low of $3.29 and a fifty-two week high of $9.20. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.07 and a quick ratio of 1.07.
Yext (NYSE:YEXT – Get Free Report) last released its quarterly earnings data on Monday, March 9th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.01. The company had revenue of $112.00 million for the quarter, compared to analyst estimates of $114.21 million. Yext had a net margin of 8.48% and a return on equity of 29.61%. Yext’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 EPS. Sell-side analysts anticipate that Yext will post 0.31 earnings per share for the current year.
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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