Yext (NYSE:YEXT – Get Free Report)’s stock price was up 0.8% during mid-day trading on Monday. The company traded as high as $7.43 and last traded at $7.41. Approximately 901,847 shares changed hands during trading, an increase of 23% from the average daily volume of 733,784 shares. The stock had previously closed at $7.35.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the company. Weiss Ratings raised Yext from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, September 28th. Zacks Research cut Yext from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. Wall Street Zen raised Yext from a “hold” rating to a “strong-buy” rating in a report on Saturday, September 5th. Finally, B. Riley Financial restated a “neutral” rating on shares of Yext in a research note on Wednesday, September 2nd. Five investment analysts have rated the stock with a Hold rating. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $6.33.
Read Our Latest Stock Report on Yext
Yext Stock Up 0.8%
The company has a debt-to-equity ratio of 4.14, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market cap of $733.44 million, a P/E ratio of 43.59 and a beta of 1.14. The stock’s fifty day simple moving average is $6.60 and its 200-day simple moving average is $5.40.
Yext (NYSE:YEXT – Get Free Report) last announced its earnings results on Tuesday, September 1st. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. Yext had a net margin of 5.90% and a return on equity of 43.23%. The firm had revenue of $111.10 million for the quarter, compared to analyst estimates of $111.30 million. During the same quarter in the prior year, the business posted $0.13 EPS. The business’s revenue was down 1.8% compared to the same quarter last year. As a group, research analysts forecast that Yext will post 0.46 earnings per share for the current fiscal year.
Insider Activity
In related news, General Counsel Ho Shin sold 30,000 shares of the stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $6.39, for a total transaction of $191,700.00. Following the sale, the general counsel owned 289,269 shares of the company’s stock, valued at $1,848,428.91. This represents a 9.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 7.80% of the company’s stock.
Hedge Funds Weigh In On Yext
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Evergreen Capital Management LLC increased its position in shares of Yext by 18.9% in the third quarter. Evergreen Capital Management LLC now owns 21,797 shares of the company’s stock worth $141,000 after purchasing an additional 3,466 shares during the period. WINTON GROUP Ltd raised its stake in Yext by 343.4% in the second quarter. WINTON GROUP Ltd now owns 57,200 shares of the company’s stock valued at $267,000 after purchasing an additional 44,300 shares in the last quarter. Squarepoint Ops LLC acquired a new position in Yext in the second quarter valued at about $699,000. Amundi lifted its position in Yext by 105.6% during the second quarter. Amundi now owns 104,463 shares of the company’s stock worth $488,000 after purchasing an additional 53,651 shares during the period. Finally, Susquehanna Fundamental Investments LLC lifted its position in Yext by 165.2% during the second quarter. Susquehanna Fundamental Investments LLC now owns 126,302 shares of the company’s stock worth $590,000 after purchasing an additional 78,672 shares during the period. 70.98% of the stock is owned by institutional investors and hedge funds.
About Yext
Yext, Inc is a technology company that helps organizations manage and improve their digital presence across search engines, websites, maps, social networks and other online services. Its platform is designed to provide accurate, consistent and up-to-date information about businesses, products, locations and services across digital channels.
Yext’s offerings include tools for managing business listings, location and entity data, website content, customer reviews and digital search experiences.
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