Yext (NYSE:YEXT) Short Interest Update

Yext (NYSE:YEXT) was the target of a significant growth in short interest in February. As of February 13th, there was short interest totaling 7,614,201 shares, a growth of 90.9% from the January 29th total of 3,988,600 shares. Based on an average daily trading volume, of 3,638,051 shares, the days-to-cover ratio is currently 2.1 days. Currently, 6.5% of the company’s shares are sold short. Currently, 6.5% of the company’s shares are sold short. Based on an average daily trading volume, of 3,638,051 shares, the days-to-cover ratio is currently 2.1 days.

Yext Stock Up 1.6%

Shares of NYSE:YEXT opened at $5.67 on Monday. The firm’s 50 day moving average price is $6.86 and its 200 day moving average price is $7.97. The stock has a market cap of $697.14 million, a price-to-earnings ratio of -566.53 and a beta of 1.01. Yext has a fifty-two week low of $4.66 and a fifty-two week high of $9.20. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.63.

Yext (NYSE:YEXT) last announced its quarterly earnings results on Monday, December 8th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. Yext had a return on equity of 18.57% and a net margin of 5.89%.The company had revenue of $112.00 million during the quarter, compared to the consensus estimate of $113.07 million. During the same period in the previous year, the business earned $0.12 EPS. Yext’s revenue for the quarter was down 1.7% on a year-over-year basis. As a group, equities research analysts predict that Yext will post -0.12 earnings per share for the current fiscal year.

Institutional Trading of Yext

Institutional investors have recently modified their holdings of the stock. King Luther Capital Management Corp increased its holdings in shares of Yext by 34.8% in the second quarter. King Luther Capital Management Corp now owns 671,291 shares of the company’s stock valued at $5,706,000 after purchasing an additional 173,374 shares during the period. Hillsdale Investment Management Inc. lifted its holdings in shares of Yext by 33.8% during the third quarter. Hillsdale Investment Management Inc. now owns 791,130 shares of the company’s stock worth $6,740,000 after purchasing an additional 199,730 shares during the period. Cetera Investment Advisers purchased a new position in Yext in the 2nd quarter valued at $1,413,000. Versor Investments LP purchased a new position in Yext in the 2nd quarter valued at $949,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Yext by 57.6% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,629,919 shares of the company’s stock valued at $13,854,000 after buying an additional 595,819 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Wall Street Analyst Weigh In

YEXT has been the topic of several research reports. Weiss Ratings raised Yext from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, February 13th. DA Davidson cut their price target on shares of Yext from $8.25 to $6.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 4th. Finally, Wall Street Zen lowered shares of Yext from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Yext currently has a consensus rating of “Hold” and a consensus price target of $8.67.

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.