Yext Inc (NYSE:YEXT) was the target of unusually large options trading activity on Wednesday. Investors bought 4,500 call options on the company. This is an increase of approximately 1,302% compared to the typical daily volume of 321 call options.
In other Yext news, insider Jim Steele sold 5,000 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $17.42, for a total transaction of $87,100.00. Following the sale, the insider now directly owns 79,103 shares of the company’s stock, valued at $1,377,974.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Brian Distelburger sold 10,000 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $15.42, for a total transaction of $154,200.00. Following the sale, the president now directly owns 3,738,765 shares in the company, valued at $57,651,756.30. The disclosure for this sale can be found here. In the last three months, insiders sold 135,000 shares of company stock worth $2,101,600. 17.00% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in YEXT. Millennium Management LLC grew its stake in Yext by 67.2% during the third quarter. Millennium Management LLC now owns 12,439 shares of the company’s stock worth $197,000 after buying an additional 4,999 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of Yext by 3.8% in the fourth quarter. California Public Employees Retirement System now owns 200,100 shares of the company’s stock worth $2,885,000 after acquiring an additional 7,398 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of Yext by 1.2% in the third quarter. California State Teachers Retirement System now owns 144,848 shares of the company’s stock worth $2,302,000 after acquiring an additional 1,730 shares during the last quarter. Diversified Trust Co lifted its holdings in shares of Yext by 45.1% in the fourth quarter. Diversified Trust Co now owns 32,975 shares of the company’s stock worth $475,000 after acquiring an additional 10,250 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D bought a new position in shares of Yext in the third quarter worth about $1,769,000. Institutional investors and hedge funds own 59.19% of the company’s stock.
YEXT stock opened at $15.32 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.98 and a current ratio of 1.98. The company’s 50-day simple moving average is $15.61 and its 200 day simple moving average is $16.08. Yext has a 52 week low of $12.83 and a 52 week high of $23.32. The company has a market capitalization of $1.80 billion, a PE ratio of -15.79 and a beta of 1.19.
Yext (NYSE:YEXT) last released its quarterly earnings results on Thursday, December 5th. The company reported ($0.19) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.32) by $0.13. Yext had a negative net margin of 37.85% and a negative return on equity of 56.29%. The business had revenue of $76.40 million for the quarter, compared to the consensus estimate of $76.37 million. During the same period in the prior year, the company posted ($0.12) earnings per share. Yext’s revenue was up 30.4% compared to the same quarter last year. On average, analysts forecast that Yext will post -1.13 EPS for the current year.
Several analysts have issued reports on YEXT shares. Oppenheimer dropped their price target on shares of Yext from $26.00 to $21.00 and set an “outperform” rating on the stock in a research report on Friday, December 6th. DA Davidson decreased their price objective on shares of Yext from $24.00 to $16.50 and set a “buy” rating on the stock in a report on Friday, December 6th. Zacks Investment Research upgraded shares of Yext from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Tuesday. SunTrust Banks decreased their price objective on shares of Yext from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Friday, December 6th. Finally, Morgan Stanley decreased their price objective on shares of Yext from $15.00 to $13.00 and set an “underweight” rating on the stock in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $19.94.
Yext Company Profile
Yext, Inc provides a knowledge engine platform that lets businesses manage their digital knowledge in the cloud and synchronize it to its knowledge network in North America and internationally. The company offers Yext Knowledge Engine, a cloud-based global platform that enables businesses to control and manage their digital knowledge and make it available through its knowledge Network of approximately 150 third-party maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks.
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