Yext (NYSE:YEXT – Get Free Report) Director Daniel Englander bought 76,190 shares of Yext stock in a transaction that occurred on Monday, July 13th. The stock was bought at an average cost of $5.22 per share, for a total transaction of $397,711.80. Following the purchase, the director owned 141,190 shares in the company, valued at $737,011.80. This represents a 117.22% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Yext Price Performance
Shares of NYSE:YEXT traded up $0.13 on Monday, hitting $5.22. The company had a trading volume of 1,125,766 shares, compared to its average volume of 1,403,993. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 6.03. The company has a market cap of $523.61 million, a PE ratio of 74.61 and a beta of 1.14. Yext has a 52-week low of $3.27 and a 52-week high of $9.20. The business has a 50 day moving average of $4.14 and a 200 day moving average of $5.12.
Analyst Ratings Changes
A number of brokerages recently issued reports on YEXT. Weiss Ratings upgraded shares of Yext from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, June 3rd. Wall Street Zen lowered Yext from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $7.50.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the stock. OP Asset Management Ltd purchased a new stake in Yext in the first quarter valued at approximately $3,915,000. Hudson Bay Capital Management LP acquired a new position in shares of Yext in the 3rd quarter valued at $11,121,000. Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of Yext during the 4th quarter valued at $1,814,000. Emmett Investment Management LP grew its stake in shares of Yext by 70.0% during the 3rd quarter. Emmett Investment Management LP now owns 373,663 shares of the company’s stock valued at $3,150,000 after buying an additional 153,849 shares during the period. Finally, NewEdge Wealth LLC acquired a new stake in shares of Yext during the 4th quarter worth $1,458,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.
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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