Yext (NYSE:YEXT) Director Seth Waugh Buys 133,000 Shares

Yext (NYSE:YEXT) Director Seth Waugh bought 133,000 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were acquired at an average cost of $3.75 per share, for a total transaction of $498,750.00. Following the purchase, the director directly owned 319,411 shares in the company, valued at $1,197,791.25. This represents a 71.35% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Yext Stock Down 0.7%

Shares of Yext stock opened at $3.78 on Friday. The business’s fifty day moving average price is $3.80 and its two-hundred day moving average price is $5.73. The company has a debt-to-equity ratio of 6.03, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market capitalization of $378.44 million, a P/E ratio of 53.93 and a beta of 1.16. Yext has a 1-year low of $3.27 and a 1-year high of $9.20.

Yext (NYSE:YEXT) last announced its earnings results on Tuesday, June 2nd. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.01. The firm had revenue of $107.92 million for the quarter, compared to the consensus estimate of $110.70 million. Yext had a return on equity of 43.47% and a net margin of 8.93%.The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.13 EPS. As a group, research analysts forecast that Yext will post 0.32 EPS for the current year.

Institutional Trading of Yext

Hedge funds and other institutional investors have recently modified their holdings of the company. Clearstead Advisors LLC raised its stake in shares of Yext by 147.1% in the 4th quarter. Clearstead Advisors LLC now owns 4,677 shares of the company’s stock worth $38,000 after buying an additional 2,784 shares in the last quarter. New York State Teachers Retirement System raised its stake in shares of Yext by 9,253.0% in the 1st 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. Gamco Investors INC. ET AL bought a new stake in shares of Yext in the 1st quarter worth $38,000. Landscape Capital Management L.L.C. bought a new stake in shares of Yext in the 4th quarter worth $82,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of Yext in the 3rd quarter worth $90,000. Institutional investors own 70.98% of the company’s stock.

Analyst Upgrades and Downgrades

YEXT has been the topic of several recent analyst reports. Wall Street Zen downgraded Yext from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. DA Davidson reaffirmed a “neutral” rating and set a $6.00 target price on shares of Yext in a research note on Wednesday, March 11th. Roth Mkm downgraded Yext from a “buy” rating to a “neutral” rating and cut their target price for the company from $9.50 to $6.00 in a research note on Wednesday, March 11th. Weiss Ratings raised Yext from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, June 3rd. Finally, B. Riley Financial dropped their price objective on Yext from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $7.50.

Yext Company Profile

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.