Yext Sees Unusually High Options Volume (NYSE:YEXT)

Yext, Inc. (NYSE:YEXT) was the recipient of unusually large options trading on Friday. Traders acquired 20,107 put options on the company. This is an increase of approximately 1,578% compared to the average daily volume of 1,198 put options.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on YEXT shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 price target on shares of Yext in a report on Wednesday. Roth Mkm restated a “buy” rating and set a $9.50 price target (down from $10.50) on shares of Yext in a research note on Wednesday, February 26th.

Yext Trading Down 1.6%

Shares of Yext stock opened at $6.59 on Friday. The company has a 50-day moving average of $6.35 and a two-hundred day moving average of $6.71. Yext has a 12-month low of $4.29 and a 12-month high of $8.75. The stock has a market cap of $820.44 million, a PE ratio of -43.90 and a beta of 1.07.

Yext (NYSE:YEXT) last announced its quarterly earnings results on Wednesday, March 5th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.20). Yext had a negative net margin of 4.64% and a negative return on equity of 11.10%. The company had revenue of $113.09 million during the quarter, compared to analyst estimates of $112.77 million. On average, sell-side analysts forecast that Yext will post -0.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Yext

A number of institutional investors have recently modified their holdings of the business. Martingale Asset Management L P lifted its stake in shares of Yext by 16.4% in the 1st quarter. Martingale Asset Management L P now owns 14,209 shares of the company’s stock worth $88,000 after acquiring an additional 2,002 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Yext by 0.9% during the first quarter. Bank of New York Mellon Corp now owns 329,329 shares of the company’s stock valued at $2,029,000 after acquiring an additional 2,776 shares during the period. Entropy Technologies LP raised its holdings in shares of Yext by 24.3% during the first quarter. Entropy Technologies LP now owns 16,898 shares of the company’s stock valued at $104,000 after acquiring an additional 3,298 shares during the period. Summit Trail Advisors LLC raised its holdings in shares of Yext by 1.8% during the fourth quarter. Summit Trail Advisors LLC now owns 188,039 shares of the company’s stock valued at $1,196,000 after acquiring an additional 3,409 shares during the period. Finally, Rhumbline Advisers raised its holdings in shares of Yext by 2.6% during the fourth quarter. Rhumbline Advisers now owns 148,549 shares of the company’s stock valued at $945,000 after acquiring an additional 3,813 shares during the period. Institutional investors own 70.98% of the company’s stock.

About Yext

Yext, Inc organizes business facts to provide answers to consumer questions in North America and internationally. It operates Yext platform, a cloud-based platform that allows its customers to offer answers to consumer questions, to control the facts about their businesses and the content of their landing pages, and to manage their consumer reviews; and provides customers to update their information and content through its publisher network of maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks, as well as professional services.