Key Points
- Yext General Counsel Ho Shin sold 30,000 shares at an average price of $6.39, generating $191,700 and reducing his stake by 9.4% to 289,269 shares.
- Yext reported quarterly EPS of $0.21, beating analyst expectations of $0.17, while revenue of $111.1 million fell 1.8% year over year and narrowly missed estimates.
- Analyst sentiment remained cautious, with Yext receiving an average “Reduce” rating and a $6.33 price target; institutional investors collectively owned 70.98% of the stock.
Yext (NYSE:YEXT - Get Free Report) General Counsel Ho Shin sold 30,000 shares of the firm's stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $6.39, for a total transaction of $191,700.00. Following the completion of the sale, the general counsel owned 289,269 shares of the company's stock, valued at $1,848,428.91. This trade represents a 9.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Yext Stock Up 1.5%
YEXT stock opened at $6.38 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 4.14. The company's 50-day moving average price is $5.84 and its 200 day moving average price is $4.82. Yext has a 52 week low of $3.27 and a 52 week high of $9.03. The company has a market cap of $631.00 million, a P/E ratio of 37.50 and a beta of 1.15.
Yext (NYSE:YEXT - Get Free Report) last issued its earnings results on Tuesday, September 1st. The company reported $0.21 earnings per share (EPS) for the quarter, beating 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 company had revenue of $111.10 million during the quarter, compared to analysts' expectations of $111.30 million. During the same period last year, the company posted $0.13 earnings per share. The firm's quarterly revenue was down 1.8% compared to the same quarter last year. On average, research analysts expect that Yext will post 0.46 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Clearstead Advisors LLC lifted 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 in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Yext during the 2nd quarter valued at $31,000. Legal & General Group Plc purchased a new position in Yext during the second quarter worth $39,000. New York State Teachers Retirement System increased its position in Yext by 9,253.0% during the first quarter. New York State Teachers Retirement System now owns 9,353 shares of the company's stock worth $36,000 after buying an additional 9,253 shares in the last quarter. Finally, Gamco Investors INC. ET AL acquired a new position in shares of Yext in the first quarter worth $38,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on YEXT. Zacks Research downgraded Yext from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 17th. B Riley restated a "neutral" rating on shares of Yext in a research report on Wednesday, September 2nd. B. Riley Financial lifted their price target on Yext from $5.00 to $7.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 2nd. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Yext in a research note on Monday, August 31st. Finally, Wall Street Zen upgraded shares of Yext from a "hold" rating to a "strong-buy" rating in a research report on Saturday, September 5th. Five investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Yext currently has an average rating of "Reduce" and an average target price of $6.33.
Get Our Latest Stock Analysis on YEXT
About Yext
(
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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