Yext (NYSE:YEXT - Get Free Report) Director Seth Waugh bought 133,000 shares of the business's stock in a transaction dated Thursday, June 11th. The shares were bought 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 directly owned 319,411 shares of the company's stock, valued at $1,197,791.25. This trade represents a 71.35% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
Yext Stock Down 0.7%
Shares of Yext stock opened at $3.78 on Friday. The stock's fifty day moving average is $3.80 and its 200-day moving average is $5.73. The firm has a market capitalization of $378.44 million, a PE ratio of 53.93 and a beta of 1.16. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 6.03. Yext has a 12-month low of $3.27 and a 12-month high of $9.20.
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. The company had revenue of $107.92 million for the quarter, compared to analyst estimates of $110.70 million. Yext had a return on equity of 43.47% and a net margin of 8.93%.Yext's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.13 earnings per share. Equities analysts anticipate that Yext will post 0.32 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE grew its holdings in shares of Yext by 246.1% during the first quarter. Bank of America Corp DE now owns 498,564 shares of the company's stock valued at $1,914,000 after buying an additional 354,495 shares in the last quarter. Amundi grew its holdings in shares of Yext by 28.1% during the first quarter. Amundi now owns 50,812 shares of the company's stock valued at $195,000 after buying an additional 11,136 shares in the last quarter. Quantinno Capital Management LP grew its holdings in shares of Yext by 173.7% during the first quarter. Quantinno Capital Management LP now owns 210,094 shares of the company's stock valued at $807,000 after buying an additional 133,347 shares in the last quarter. Gabelli Funds LLC grew its holdings in shares of Yext by 58.3% during the first quarter. Gabelli Funds LLC now owns 57,000 shares of the company's stock valued at $219,000 after buying an additional 21,000 shares in the last quarter. Finally, Gamco Investors INC. ET AL purchased a new position in Yext in the first quarter valued at about $38,000. Hedge funds and other institutional investors own 70.98% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the company. DA Davidson reaffirmed a "neutral" rating and set a $6.00 target price on shares of Yext in a research report on Wednesday, March 11th. Wall Street Zen lowered Yext from a "buy" rating to a "hold" rating in a research report on Sunday, May 3rd. B. Riley Financial lowered their price target on Yext from $10.00 to $8.00 and set a "buy" rating on the stock in a report on Tuesday, March 10th. Roth Mkm downgraded Yext from a "buy" rating to a "neutral" rating and lowered their price target for the company from $9.50 to $6.00 in a report on Wednesday, March 11th. Finally, Weiss Ratings upgraded Yext from a "sell (d)" rating to a "sell (d+)" rating in a report on Wednesday, June 3rd. Two 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 data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $7.50.
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About Yext
(
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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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