Key Points
- CAO Allan Tang sold 10,000 shares on April 15 at an average price of $3.62 for $36,200, reducing his direct holdings by 56.03% to 7,848 shares.
- Yext's March 9 quarter showed an EPS of $0.15 (beating $0.14 estimates) but revenue of $112.0M missed the $114.2M estimate and was down 1% year‑over‑year.
- Market sentiment is cautious: the stock trades around $3.70 with a market cap near $456M, the consensus rating is "Hold" with an average price target of $7.50, and analysts forecast -$0.12 EPS for the year.
Yext (NYSE:YEXT - Get Free Report) CAO Allan Tang sold 10,000 shares of the company's stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $3.62, for a total transaction of $36,200.00. Following the sale, the chief accounting officer directly owned 7,848 shares of the company's stock, valued at approximately $28,409.76. This represents a 56.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Yext Price Performance
NYSE YEXT opened at $3.70 on Friday. The company has a market cap of $455.78 million, a P/E ratio of 61.59 and a beta of 1.19. Yext has a 1 year low of $3.29 and a 1 year high of $9.20. The company has a fifty day simple moving average of $4.81 and a 200 day simple moving average of $6.95. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.61.
Yext (NYSE:YEXT - Get Free Report) last released its earnings results on Monday, March 9th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.14 by $0.01. Yext had a net margin of 8.48% and a return on equity of 29.61%. The firm had revenue of $112.00 million during the quarter, compared to analysts' expectations of $114.21 million. During the same period in the prior year, the company earned $0.13 EPS. The business's quarterly revenue was down 1.0% compared to the same quarter last year. On average, sell-side analysts predict that Yext will post -0.12 EPS for the current year.
Institutional Trading of Yext
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Clearstead Advisors LLC grew its stake in Yext by 147.1% in the fourth quarter. Clearstead Advisors LLC now owns 4,677 shares of the company's stock worth $38,000 after purchasing an additional 2,784 shares during the period. State of Alaska Department of Revenue bought a new position in Yext in the third quarter valued at about $48,000. Landscape Capital Management L.L.C. bought a new position in Yext in the fourth quarter valued at about $82,000. MQS Management LLC bought a new position in shares of Yext in the fourth quarter worth about $86,000. Finally, Optas LLC bought a new position in shares of Yext in the fourth quarter worth about $88,000. Institutional investors own 70.98% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on YEXT. DA Davidson reaffirmed a "neutral" rating and issued a $6.00 target price on shares of Yext in a research note on Wednesday, March 11th. Wall Street Zen downgraded shares of Yext from a "buy" rating to a "hold" rating in a report on Sunday, March 15th. Roth Mkm downgraded shares of Yext from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $9.50 to $6.00 in a research note on Wednesday, March 11th. B. Riley Financial lowered their price objective on Yext from $10.00 to $8.00 and set a "buy" rating for the company in a research note on Tuesday, March 10th. Finally, Weiss Ratings downgraded shares of Yext from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday, March 2nd. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $7.50.
Read Our Latest Research Report on Yext
Yext Company Profile
(
Get Free Report)
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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