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 that occurred on Thursday, June 11th. The stock was purchased at an average cost of $3.75 per share, for a total transaction of $498,750.00. Following the completion of the transaction, the director directly owned 319,411 shares in the company, valued at approximately $1,197,791.25. This trade represents a 71.35% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Yext Trading Down 0.7%

Shares of YEXT traded down $0.03 during trading hours on Thursday, hitting $3.78. The stock had a trading volume of 1,240,985 shares, compared to its average volume of 2,515,086. 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 firm has a market cap of $378.44 million, a P/E ratio of 53.93 and a beta of 1.16. The company’s fifty day simple moving average is $3.80 and its 200 day simple moving average is $5.77. Yext has a 12-month low of $3.27 and a 12-month high of $9.20.

Yext (NYSE:YEXT) last issued its earnings results on Tuesday, June 2nd. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.01. The business had revenue of $107.92 million for the quarter, compared to analyst estimates of $110.70 million. Yext had a return on equity of 43.47% and a net margin of 8.93%.The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the company posted $0.13 EPS. Equities research analysts forecast that Yext will post 0.31 EPS for the current fiscal year.

Institutional Trading of Yext

A number of hedge funds and other institutional investors have recently modified their holdings of YEXT. New York State Teachers Retirement System increased its position in shares of Yext by 9,253.0% during the first quarter. New York State Teachers Retirement System now owns 9,353 shares of the company’s stock worth $36,000 after acquiring an additional 9,253 shares during the last quarter. Clearstead Advisors LLC increased its position in shares of Yext by 147.1% during the fourth quarter. Clearstead Advisors LLC now owns 4,677 shares of the company’s stock worth $38,000 after acquiring an additional 2,784 shares during the last quarter. Gamco Investors INC. ET AL purchased a new stake in shares of Yext during the first quarter worth about $38,000. Able Wealth Management LLC purchased a new stake in shares of Yext during the first quarter worth about $48,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Yext during the first quarter worth about $49,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on YEXT. Weiss Ratings upgraded Yext from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 3rd. DA Davidson reiterated a “neutral” rating and issued a $6.00 price target on shares of Yext in a report on Wednesday, March 11th. Roth Mkm downgraded 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 report on Wednesday, March 11th. Wall Street Zen downgraded Yext from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Finally, B. Riley Financial lowered their price target on Yext from $10.00 to $8.00 and set a “buy” rating for the company in a report on Tuesday, March 10th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus 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.