Yext (NYSE:YEXT) Trading Up 8.5% – Time to Buy?

Yext (NYSE:YEXT)’s stock price traded up 8.5% during trading on Monday . The company traded as high as $5.40 and last traded at $5.4260. 345,994 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 2,270,087 shares. The stock had previously closed at $5.00.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Zacks Research upgraded shares of Yext from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Weiss Ratings upgraded shares of Yext from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 3rd. Finally, Wall Street Zen lowered shares of Yext from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $7.50.

Yext Stock Up 2.2%

The firm’s 50-day simple moving average is $4.48 and its 200-day simple moving average is $4.90. The company has a debt-to-equity ratio of 6.03, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market capitalization of $566.71 million, a price-to-earnings ratio of 80.76 and a beta of 1.14.

Insider Transactions at Yext

In other Yext news, Director Seth H. Waugh purchased 133,000 shares of the stock in a transaction on Thursday, June 11th. The shares were purchased at an average price of $3.75 per share, with a total value of $498,750.00. Following the acquisition, the director directly owned 319,411 shares of the company’s stock, valued at $1,197,791.25. This represents a 71.35% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Daniel J. Englander acquired 76,190 shares of Yext stock in a transaction dated Monday, July 13th. The shares were acquired at an average cost of $5.22 per share, with a total value of $397,711.80. Following the completion of the acquisition, the director directly owned 141,190 shares in the company, valued at $737,011.80. This trade represents a 117.22% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 7.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Yext

Institutional investors have recently added to or reduced their stakes in the stock. OP Asset Management Ltd bought a new stake in Yext in the first quarter valued at $3,915,000. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Yext in the 4th quarter valued at $1,814,000. NewEdge Wealth LLC acquired a new stake in shares of Yext in the 4th quarter valued at $1,458,000. Covestor Ltd grew its holdings in shares of Yext by 61.9% in the 4th quarter. Covestor Ltd now owns 82,077 shares of the company’s stock worth $663,000 after purchasing an additional 31,389 shares during the last quarter. Finally, Tactive Advisors LLC bought a new stake in shares of Yext in the 1st quarter worth about $111,000. 70.98% of the stock is owned by institutional investors and hedge funds.

About Yext

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.