Yext (NYSE:YEXT) Short Interest Update

Yext (NYSE:YEXT) saw a significant growth in short interest in February. As of February 27th, there was short interest totaling 9,996,492 shares, a growth of 31.3% from the February 12th total of 7,614,201 shares. Approximately 8.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,770,344 shares, the short-interest ratio is presently 3.6 days. Based on an average daily trading volume, of 2,770,344 shares, the short-interest ratio is presently 3.6 days. Approximately 8.6% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on YEXT shares. Roth Mkm downgraded Yext from a “buy” rating to a “neutral” rating and cut their price objective for the company from $9.50 to $6.00 in a report on Wednesday. B. Riley Financial lowered their target price on Yext from $10.00 to $8.00 and set a “buy” rating for the company in a report on Tuesday, March 10th. Weiss Ratings downgraded Yext from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 2nd. Wall Street Zen lowered Yext from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, DA Davidson restated a “neutral” rating and set a $6.00 price target on shares of Yext in a report on Wednesday. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $7.50.

Yext Trading Down 0.5%

Shares of Yext stock traded down $0.03 during trading on Friday, hitting $5.24. The company’s stock had a trading volume of 4,438,449 shares, compared to its average volume of 3,218,730. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.07 and a quick ratio of 1.09. Yext has a 52 week low of $4.66 and a 52 week high of $9.20. The stock has a market cap of $645.74 million, a price-to-earnings ratio of 87.26 and a beta of 1.01. The stock has a 50-day moving average price of $6.34 and a two-hundred day moving average price of $7.76.

Yext (NYSE:YEXT) last announced its earnings results on Monday, March 9th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.01. The business had revenue of $112.00 million during the quarter, compared to analyst estimates of $114.21 million. Yext had a return on equity of 29.61% and a net margin of 8.48%.Yext’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period last year, the company earned $0.13 EPS. Equities research analysts anticipate that Yext will post -0.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Yext

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Lynrock Lake LP increased its position in Yext by 23.3% during the 4th quarter. Lynrock Lake LP now owns 15,132,384 shares of the company’s stock valued at $121,967,000 after purchasing an additional 2,861,653 shares during the period. Hudson Bay Capital Management LP lifted its position in shares of Yext by 126.2% in the 4th quarter. Hudson Bay Capital Management LP now owns 2,952,453 shares of the company’s stock worth $23,797,000 after purchasing an additional 1,647,174 shares during the period. First Trust Advisors LP acquired a new position in shares of Yext in the 4th quarter worth approximately $5,634,000. Millennium Management LLC bought a new stake in shares of Yext in the 1st quarter valued at $3,964,000. Finally, Hillsdale Investment Management Inc. bought a new stake in shares of Yext in the 2nd quarter valued at $5,027,000. 70.98% of the stock is owned by institutional investors and hedge funds.

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.