UBS Group AG Sells 186,049 Shares of Yext $YEXT

UBS Group AG reduced its stake in Yext (NYSE:YEXT) by 28.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 479,214 shares of the company’s stock after selling 186,049 shares during the quarter. UBS Group AG owned 0.39% of Yext worth $3,862,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in YEXT. State of Alaska Department of Revenue acquired a new stake in Yext in the 3rd quarter valued at $48,000. Optas LLC acquired a new stake in Yext in the 4th quarter valued at $88,000. Mercer Global Advisors Inc. ADV acquired a new stake in Yext in the 3rd quarter valued at $90,000. CIBC Bancorp USA Inc. acquired a new stake in Yext in the 3rd quarter valued at $92,000. Finally, Creative Planning acquired a new stake in Yext in the 2nd quarter valued at $109,000. 70.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

YEXT has been the topic of several recent research reports. DA Davidson reiterated a “neutral” rating and issued a $6.00 price target on shares of Yext in a research note on Wednesday, March 11th. B. Riley Financial lowered their price target on shares of Yext from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. Weiss Ratings lowered shares of Yext from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 2nd. Roth Mkm lowered shares of Yext from a “buy” rating to a “neutral” rating and lowered their price target for the company from $9.50 to $6.00 in a research note on Wednesday, March 11th. Finally, Wall Street Zen lowered shares of Yext from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $7.50.

Insider Buying and Selling at Yext

In other news, CAO Allan Tang sold 10,000 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $3.62, for a total transaction of $36,200.00. Following the transaction, the chief accounting officer directly owned 7,848 shares in the company, valued at $28,409.76. The trade was a 56.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.20% of the stock is owned by corporate insiders.

Yext Stock Up 2.6%

Shares of YEXT stock opened at $3.69 on Friday. The firm has a market capitalization of $368.91 million, a P/E ratio of 61.43 and a beta of 1.14. The firm’s fifty day moving average price is $4.01 and its two-hundred day moving average price is $6.19. Yext has a 1 year low of $3.29 and a 1 year high of $9.20. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.61.

Yext (NYSE:YEXT) last released its quarterly earnings data on Monday, March 9th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.01. The company had revenue of $112.00 million for the quarter, compared to analyst estimates of $114.21 million. Yext had a net margin of 8.48% and a return on equity of 29.61%. Yext’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 EPS. On average, equities analysts predict that Yext will post 0.31 EPS for the current fiscal year.

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.